First Minister announces £115 million to boost innovation, create exciting new Welsh products and high-quality jobs

During his first press conference of the new Assembly term, the First Minister of Wales Carwyn Jones will announce a £115 million package of support to boost innovation leading to the creation of hundreds of new products and high quality jobs across Wales.

With support from the European Regional Development Fund (ERDF) and private sector investment, the Welsh Government is launching two new innovation projects: SMART Cymru and SMART Expertise.

Working alongside the current SMART Innovation project, launched by the Economy Minister Edwina Hart earlier this year, the three SMART programmes form an overall package of support for Welsh businesses and academic establishments. Together they will enable them to bid collaboratively for research and development funding and access information and advice from the Welsh Government to bring new ideas to the market.

SOURCE: gov.wales