In 2013 Lancaster University was awarded £600,000 by the EPSRC (Engineering and Physical Sciences Research Council) to support collaboration between researchers and small and medium enterprises to research and develop novel ideas and commercial propositions. Pi was allocated part of this funding through the Lancaster Impact Acceleration Account (IAA).
Secret New Sensor Development
Mike Riding, Managing Director of Process Instruments (Pi) said of the collaboration:
The funding is for work on a secret new sensor development that is so promising that Pi and the Chemistry Department of Lancaster University have already applied for a Technology Strategy Board funded Knowledge Transfer Partnership in order to realise the potential of the new sensor.
Dr. Mark Rushforth, Head of Business Partnerships and Enterprise for Physical Sciences at Lancaster University commented: