Cymraeg

€680,000 of European funding heading to Bridgend

23/01/2017 00:00:00

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Bridgend-based business Control 2K Ltd has successfully secured €680,000 funding as part of DIGICOR, a ground-breaking digital technology project.

The project will create online technology that enables small businesses across Europe to collaborate with large manufacturers and develop supply chain business opportunities. It includes developing an online marketplace and technology to enable more advanced customisation of products and services by integrating innovations from smaller businesses into larger-scale production processes.The project will involve businesses and universities from the Czech Republic, Germany, Greece, Italy, the Netherlands and the UK.

Gash Bhullar, managing director of Control 2K in Bridgend, said: 

“As a business we have worked on pan-European projects for a number of years and access to programmes like Horizon 2020 allows us to develop new skills, knowledge and technology by co-operating with leading institutes across Europe.We’re delighted to be involved in DIGICOR, which is an exciting new initiative with great potential for SMEs looking to embrace future technologies, which will become mainstream in three to five years’ time.”

The €7.9m project is funded by the European Commission’s largest ever research and innovation programme, Horizon 2020.

The €77 billion Horizon 2020 fund focuses on excellence in science, industrial leadership and tackling societal challenges. Its goal is to ensure EU nations produce world-class science, remove barriers to innovation and make it easier for public and private sectors across the EU to work together in the area of research and innovation.

Welsh business and universities have already secured in excess of €50m from Horizon 2020. The money is providing real opportunities for Welsh businesses and universities to be at the forefront of research and innovation, and to collaborate with leading organisations across Europe.

Despite Brexit, Horizon 2020 is ‘open for business’ and awards made whilst we are in the EU will be guaranteed by the UK Treasury. Horizon 2020 is one of many programmes directly managed by the European Commission (EC) but The Welsh Government’s Horizon 2020 Unit is available to support all Welsh organisations applying or considering applying for research and innovation funding from the EU. It works closely with partners at Welsh, UK and EU level to co-ordinate and facilitate the wide range of support and advice available for the benefit of Welsh organisations.

Further information about Horizon 2020 can be found here: http://bit.ly/2jGrEDy