The aim of this two-stage competition is to help companies overcome intractable product or process performance problems through advanced analytical technologies.
Proposals should clearly outline the problem faced by the business. They should also show the value to the business of solving that problem, both in terms of financial and operational performance.
At stage one, companies do not need to know what work they need to do to solve the problem.
The organisers expect projects to range in size, from total costs of £30,000 to £250,000 and should last between three and 11 months.
Each company can apply on its own, but the project will involve collaborating with one of the four co-funding partners to solve its business challenge.