The UK government has launched a new technology competition, inviting submissions related to distributed ledger technology.

Innovate UK’s Emerging and Enabling Technologies programme, a branch of government that looks to “identify and speed up” technology by funding innovative businesses, will award up to £15 million to competing companies.

The competition description explains:

”Our aim is to inspire the new products, processes and services of tomorrow; those with the potential to unlock billions of pounds of value to industry and disrupt existing markets.”

Defined as technologies that “improve performance and productivity”, the list includes many other enabling technologies, including satellite applications, sensors, internet of things, and virtual or augmented reality.

The agency is looking for enabling technologies that are innovative, that show benefits across multiple industries, or that enable new business models. Registration ends at noon on 30th November.

Image via Shutterstock

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