LoMaRe Technologies awarded Innovate UK Smart Grant for Chip Design!

Following on-going ground-breaking developments at LoMaRe Technologies with the Company’s patent granted revolutionary memory technology, the Company entered the next stage of technology development with a project of chip design, co-funded by the UK’s innovation agency, Innovate UK. The granted awarded was part of the Innovate UK Smart Grant, January 2022 Competition, which is part of UK Research and Innovation.

This on-going project, titled “PMRAM: Initial chip design for a novel non-volatile low-power piezomagnetic random access memory to drive the future of IOT” will enable the development of our memory tech to progress to its next major stage, with exciting updates expected in late 2023. “This is a small step in our on-going mission to impact the UK’s future economic growth, but a big step in the support we receive, as it honours us to be recognised as innovators in being awarded this Smart Grant…” said Dr. Bin Zou, PhD, CFA, Co- Founder & CEO, “… which bridges the gap in the moral support we need as a Team to continue growing and achieving our goals!”, added Dr. Evgeniy Donchev, PhD, Co-Founder & COO. It is with great pleasure that the Company accepts this Innovate UK Smart Grant, and we look forward to achieving the progress and results we anticipate!

More on Innovate UK, the UK’s innovation agency, below. Innovate UK drives productivity and economic growth by supporting businesses to develop and realise the potential of new ideas. We connect businesses to the partners, customers and investors that can help them turn ideas into commercially successful products and services and business growth. We fund business and research collaborations to accelerate innovation and drive business investment into R&D. Our support is available to businesses across all economic sectors, value chains and UK regions. Innovate UK is part of UK Research and Innovation.

‌For more information visit www.innovateuk.ukri.org

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