SCOTTISH and Japanese companies will receive £9 million from a joint fund to work together on innovative
Combined with investment made by the companies themselves, a total of £20.9 million of industrial research and development will go ahead.
External Affairs Secretary Fiona Hyslop is in Japan this week to strengthen trade and investment links. She announced the latest round of awards from the joint fund run by Scottish Enterprise and the Nippon Foundation.
A launch in Yokohama, attended by senior executives from the subsea industry, heard how 12 Scottish companies will partner with Japanese firms to complete six projects.
Collaborations involve companies from Aberdeen, Inverness, Edinburgh, Coatbridge and Livingston. They include an £8.3 million project to develop an offshore and subsea Internet Of Things infrastructure, and a £3.3 million venture to build a digital system which monitors floating structures.
Ms Hyslop said: “I am encouraged by the continued collaboration between Scotland and Japan in marine resource development and subsea technologies.
“In Scotland’s Climate Week, it’s good to see that a number of these projects contribute directly to reducing long-term CO2 emissions.
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“The Scottish Government is committed to retaining our position as a global leader in subsea engineering – investing in our innovation infrastructure to grow Scotland’s market share and supporting opportunities in other sectors.”
Executive
“I hope these projects will promote multisectoral collaboration, global partnerships and develop the new ocean development market.’’
