Al­stom part­ners with tech SME

Rail (UK) - - Network News -

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.

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