UK’s Regional Growth Fund backs new technology R&D programme


wind8_170_sqRomax Technology and the University of Sheffield are launching a research and development centre with the support of the UK’s Regional Growth Fund.

Romax has secured part of £5.8m RGF funding to work with the University of Sheffield to accelerate and commercialise technological R&D.

The new centre will focus on the development of Romax’s flagship product, Designer, for wind, and new products including CAD FUSION, Dynamic FUSION and CONCEPT that offer further design, development, optimisation and analysis of drivetrains.

Romax said the launch of the R&D centre was very timely considering the recent growth in its research activities in the renewable energy sector and the strong electromechanical nature of modern drive-trains, for wind turbines and electric and hybrid vehicles.

The University’s academic lead, Professor Kais Atallah said, “The project is providing a great platform for us to explore how the University’s strong knowledge base can be exploited and allows us to work at the heart of the economic regeneration within Sheffield as well as the South Yorkshire region to enable the creation of green jobs.

“We hope that by working with Romax we can continue our global reach for innovative research, looking at applied research into technologies that are likely to be central to future developments.”

RGF will allocate £2.6bn to UK businesses by 2016 to spend on projects such as capital investment, research and development, or training. Round 4 of the fund was launched in January 2013 with an allocation of £350m.

Copyright © 2013 AltAssets