CEMET engages with SMEs based in Wales to undertake collaborative research and development projects in order to establish new products and services. The programme has a dedicated, in-house research and development team, with expertise in a range of emerging technology areas including VR, AR, MR, AI, Serious Game Technology, IOT and Blockchain. Each project is delivered using the Scrum framework and incorporates frequent two-way knowledge transfer.
Stage 1. Business Diagnostic
The first stage of CEMET involves assessing each company that expresses an interest to participate in the programme to ensure that they are eligible, credible, and creditable and that their idea is viable. A diagnostic is conducted with each SME either to support them in developing their scope for a Stage 2 Collaborative R&D project or for standalone knowledge exchange whereby an SME can gather valuable advice and guidance on the latest technology and how it could positively impact their business.
Stage 2. Collaborative R&D
The collaborative R&D process commences during the second stage of the programme. Each research project is delivered using the Scrum framework and incorporates two-way knowledge exchange between CEMET and the SME.
Stage 3. Route to Market
The final stage brings the collaboration to an orderly conclusion, by ensuring that the R&D, knowledge transfer and road-mapping processes have been completed.
The project will benefit all local authorities areas across Wales.
CEMET undertakes R&D projects, in collaboration with industry, supporting businesses to introduce new to market or new to firm products. In addition to these specific targets, CEMET is looking for clients that are in a position to capitalise on the research and development undertaken, in order to create a positive impact within the Welsh economy.
Target progress to the end of July 2018 (and to current claim period) is on track, as is budgetary spend. The table below shows progress to the latest WEFO approved claim (Dec 18 / WWV only)
Current Position | WEFO Cumulative Target | Difference | WEFO Overall Target | Difference | |
Enterprises receiving non-financial support | 43 | 43 | – | 100 | (57) |
No. of partners collaborating in research projects | 56 | 56 | – | 72 | (16) |
Enterprises cooperating with supported research institutions | 28 | 28 | – | 36 | (8) |
Enterprises introducing new to firm products | 28 | 28 | – | 36 | (8) |
Enterprises introducing new to market products | 8 | 8 | – | 10 | (2) |
Private investment match | £177,726.44 | £170,908.76 | £6,817.68 | £429,802 | (£252,076) |
The CEMET (WWV) Mid-Term Evaluation is due to be published shortly.