18th October 2011
Evince Welcomes Launch of UK Strategy for Power Electronics
During the past year Evince has been a working group member supporting the development of a UK Strategy for Power Electronics, published by the Department of Business Innovation and Skills on 18th October 2011.
The document addresses the whole of the power electronics industry in the UK and addresses the critical issues facing the industry for large and small companies alike. In particular there are some key recommendations to help nurture emergent companies in the sector including:
Government to promote incentives that will promote the creation of commercial technology investment funds with long-term return horizons able to support innovative businesses over multiple rounds from seed through to commercial exit.
Government to establish taxation incentives that offer larger tier 1 companies relief for participating in direct R&D collaboration with SME's and start-ups (rather like the Enterprise Incentive Scheme that exists for private individuals)
Through the creation of the National Forum for Power Electronics co-ordinate UK infrastructure operators and tier 1 manufacturers to agree universal routes to adoption of Power Electronics technologies, such as with renewable power generation today viz bench, 1/10, 1/4, 1/2, 1 scale pilots.
The National Forum for Power Electronics acting to ensure that evolving international standards can accomodate disruptive technology coming from UK SME's and start-ups.
Support for the creation of manufacturing orientated business incubators able to help start-ups and SME's put in place the infrastructure needed to enable smaller business become fully fledged suppliers in the power electronics sector.
CEO Gareth Taylor said "One of the problems facing anyone who is involved in power electronics is that it is by and large a hidden technology, yet without it we will not be able to deliver the energy savings that will be necessary to achieve climate targets. Working with the group has been a tremendous mutual learning experience, in particular just appreciating the breadth and depth of capabilities that exist in the UK.
"The document has a number of recommendations that I hope that the industry and the government will act upon these to make the UK an even stronger force in power electronics. The creation of a National Forum for Power Electronics that is particularly welcome as it will give smaller companies much greater exposure to opportunities in the UK."
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