Scottish and Japanese subsea tech firms share £9m fund
Fiona Hyslop: investing in innovation (pic: Terry Murden)
Scottish and Japanese companies will share £9 million from a joint fund to work together on innovative subsea technology.
Combined with investment from the companies, a total of £20.9m of industrial research and development will go ahead.
Scottish Enterprise and Nippon Foundation run a joint competitive research and development fund to bring Japanese and Scottish universities and organisations together to develop innovative technology within the sector.
The first round of funding, announced last year, saw £7.15m go to eight Scottish companies to collaborate on five projects.
This second round of funding includes £6.2m of support from Scottish Enterprise to 12 Scottish companies working on six projects.
External Affairs Secretary Fiona Hyslop is in Japan this week to strengthen trade and investment links.
Collaborations involve companies from Aberdeen, Inverness, Edinburgh, Coatbridge and Livingston. They include an £8.3m project to develop an offshore and subsea Internet Of Things infrastructure, and a £3.3m 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.
“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 director Mr Unno from the Nippon Foundation said: “The theme of the second round of the Joint R & D is “Blue Economy”, which includes not only oil & gas but also a wide range of offshore wind and fisheries fields; and we have selected five projects utilizing the strengths of Japanese and Scottish technology.”
“I hope these projects will promote multisectoral collaboration, global partnerships and develop the new ocean development market.’’
The Scottish firms benefiting are: SMS – Aberdeen; EC-OG – Aberdeen; Precision Impulse – Aberdeen; Texo – Aberdeen Tritech – Aberdeen; Sensor Works – Livingston; Yokogawa UK – Aberdeen; Bridon Bekaert – Coatbridge; Tension Technology International – Inverness: Ecosse IP – Aberdeen; WFS – Livingston; Sustainable Marine Energy – Edinburgh
Ms Hyslop has also revealed that a Japanese refrigeration firm is setting up a base in Glasgow.
Ms Hyslop met executives from Mayekawa to hear of their intention to create 20 jobs over five years.
The company, founded in Tokyo, intends to set up a branch in Glasgow to support research and development as well as sales and administration for its UK/Europe division.
Increased import capacity will also help the Group stockpile certain medicines ahead of Brexit, where shortages or inconsistencies in supply chain may be felt after the 31 October.