Kudos has recently been awarded a grant of £164,000 by the UK Government’s Technology Strategy Board. The grant will help Kudos to further develop and test its service, and explore additional routes to market.
The funding is part of the Smart scheme, which supports “small and early-stage companies with innovative ideas and high growth ambition and potential”. The assessors acknowledged Kudos’ potential to broaden accessibility of research. They further acknowledged Kudos as “a very strong team with publishing experience and contacts and a range of commercial and technical skills. The detailed and specific answers throughout lend weight to the competence of the applicants individually and collectively”.
David Sommer, co-founder and director at Kudos, said, “The award represents a significant affirmation of our business and project plans, and should give our current and prospective partners great confidence in our future.”
Managed by the Technology Strategy Board, the Smart scheme offers funding to small and medium-sized enterprises (SMEs) to engage in R&D projects in the strategically important areas of science, engineering and technology, from which successful new products, processes and services could emerge.