£40m boost for cutting-edge start-ups


Innovative businesses and start-ups across Wales are set to benefit from a £40 million UK Government investment aimed at fast-tracking  the development of innovations borne out of the Coronaviris crisis.

UK Business Secretary Alok Sharma has announced the UK Government is doubling investment in the Fast Start Competition with an additional £20 million.

Include among the  businesses to receive the funding to date in Wales are  Instructor Guru based in Cwmbran which is looking to model and develop a digital application to facilitate the use of Instructor Guru Ltd's proprietary software for management of orthopaedic recovery remotely, and more cost-efficiently, whilst improving patient care. Peter Bishop, Founder, said “We are very excited that Innovate UK, the UK’s innovation agency has chosen to support us  to develop our solution, using AI to help patients and care providers with the orthopaedic recovery process.”

More information about the fund at www.gov.uk

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Posted on: Friday 22nd May 2020