UK Government sets up £10m Internet of Things fund

Start-ups challenged to innovate as multi-million pound competition looks to harness the power of technology to create the cities of the future…

A £10 million Internet of Things (IoT) fund has been established by the Department for Culture, Media and Sport and Innovate UK, with the idea of encouraging UK businesses to envision how the IoT could benefit the general public. Forward-thinking entrepreneurs who wish to get involved are required to produce a research and development project, detailing how new technology could benefit the economy, local transport networks or healthcare services. To be eligible for funding the the project must involve at least one local authority, have a specific benefit to the general public and be workable across more than one sector.

"The Internet of Things is rapidly becoming part of our everyday lives. The UK technology sector is renowned for its creativity and pioneering research and development. This competition will be instrumental in discovering new connections between city services and their users," commented digital economy minister Ed Vaizey.

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Li Yiduo

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