Interact Are Awarded Grant Funding For Further Development Of An AI Manufacturing Product
Interact is thrilled to announce that it has been co-funded by Innovate UK, the UK’s innovation agency, for its groundbreaking project. This marks a significant milestone in Interact’s journey towards revolutionising condition monitoring.
Innovate UK, the UK’s innovation agency plays a vital role in driving productivity and economic growth by supporting businesses in developing and realising the potential of new ideas. Their mission is to connect businesses with partners, customers, and investors who can help them transform their ideas into successful commercial products and services, driving business growth. Innovate UK actively funds business and research collaborations to accelerate innovation and stimulate investment in research and development (R&D).
Their support is accessible to businesses across all sectors of the economy, value chains, and regions of the UK. By fostering collaboration, funding innovation, and facilitating connections, Innovate UK plays a key role in fostering a thriving and innovative business landscape in the UK. Our software enables proactive maintenance by alerting users to irregular activities during the manufacturing process, allowing businesses to address issues before they escalate into costly breakdowns. This saves valuable time and resources and eliminates the need for expensive machine replacements.
Darren Bentham, Managing Director of Interact, expressed his excitement about the partnership, stating, “Winning this grant will increase the speed of our product development and allow us to tap into the specialist help and advice Innovate UK can provide to our business. Thinking of the idea is one thing. It’s something else to develop a product and bring it to market. And this is where the award and support from Innovate will be invaluable over the coming months.”
The support and funding from Innovate UK will push Interact’s project forward, enabling further research and development. The funding will empower Interact to enhance its technological capabilities and deliver cutting-edge solutions to industries heavily relying on machinery and equipment.
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