YORKSHIRE-based set top box maker Pace Micro Technology is speeding ahead of the pack with new technology developed with backing from Leeds-based regional development agency, Yorkshire Forward.
Saltaire-based Pace has launched a new product – Multidweller – that enables a full range of digital TV services to be delivered to people living in multi-dwelling units such as apartment blocks.
The company was able to develop its new Multidwelle
r technology thanks to a research and development grant from Yorkshire Forward of over £600,000.
David Gillies, director of technology at Pace Micro Technology, explained: "We work in an extremely fast-paced and competitive market, and the grant from Yorkshire Forward allowed us to get this product from concept to market faster than we could otherwise have done.
"The grant made up about 50 per cent of investment in the project – the balance of which was made up by ourselves – allowing us to draft in the specialist expertise and resources that meant we could significantly reduce our time to market."
Multidweller has been launched at IBC in Amsterdam, the premier European event for digital and television technology, as part of a new Pace business unit called Pace Networks.
Jim Farmery, head of innovation at Yorkshire Forward, said: "We are sometimes asked whether public money like ours should be invested in helping companies develop new products, or whether the companies should foot that cost alone.
"Innovations like Multidweller clearly demonstrate the impact that investments like our R&D grant can have."
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