Alstom partners with tech SME
42 Technology has won Alstom’s SME ‘Rail Grand Challenge’.
The company, based in St Ives near Huntingdon, has been awarded £50,000 to develop its Transport Systems Catapult idea into a commercial product. Alstom will also support the company in the future.
The Transport Systems Catapult is “one of an elite network of not-for-profit technology and innovation centres established and overseen by the UK’s innovation agency, Innovate UK. All Catapults obtain their funds from a combination of core Innovate UK support and competitively-won business and public sector funding.”
The challenge is open to small and medium-sized enterprises and is aimed at developing new innovations in rail as well as forging closer ties between Alstom and UK businesses. Alstom will also work with five other shortlisted firms.