£6.4 million business technology project launched at USW
The University of South Wales has announced the launch of a £6.4 million EU-backed project to research ways businesses can develop cutting-edge technologies.
The Centre of Excellence in Mobile and Emerging Technologies (CEMET) project is being led by the university and has received £4.2 million of backing from the European Regional Development Fund.
It’s been set up to help small and medium sized enterprises throughout the country design and test innovative technologies in a bid to drive commercial success.
Businesses are being given access to a comprehensive package of support to develop products through road-mapping and knowledge transfer techniques.
The project was officially announced at an event held earlier this month. Julie Morgan AM attended, along with USW deputy vice-chancellor Professor Helen Langton and Mark Griffiths, co-director of CEMET.
Speaking at the launch of the project, Mr Griffiths explained that tech is a key driver of growth for firms. “CEMET believes that innovation is a vital part of business growth,” he said.
“As a result it aims to support Welsh businesses that are seeking to create new products, solutions and services through funded collaborative research projects.
“We envisage a Wales where business continuously innovates and utilises emerging technologies to provide market leading product and services that shape our future.”
Prof Langton said: “We are delighted that USW’s’ expertise in the computer technology sector has been recognised and is taking the lead on the CEMET project.
“Higher education plays a vital role in helping to build economic growth and jobs in Wales, and this project demonstrates the commitment that USW and the Welsh Government have in strengthening that crucial role.”
Julie Morgan added: “It’s great to see first hand how EU Funds are being invested to support the development of new technologies and services to enable businesses in Wales to become more competitive and boost our economy.”