Investment

Government ploughs £2.5m into drone swarm technology

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The Defence and Security Accelerator (DASA) has awarded £2.5m to a consortium led by Blue Bear Systems Research Ltd to develop drone swarm technology. The ‘Many Drones Make Light Work’ project is the largest single contract awarded by DASA to date. The funding will steer the project for around 20 UAS into the final stage of development, which will ultimately be managed by the Defence Science and Technology Laboratory (Dstl). DASA hopes a swarm will support lower operating costs, greater system efficiency as well as increased resilience in the following areas: situational awareness, medical assistance, logistics resupply, explosive ordinance detection
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Drone Evolution receives £180,000 investment from Wales Angel Co-investment Fund

12.10.18. mh DBW Drone Evolution 14
The Wales Angel Co-investment Fund, which is part of the Development Bank of Wales, is set to invest £180,000 in Drone Evolution. The first £90,000 of match funding will go to a five-person syndicate investing in Drone Evolution. The joint investment of £180,000 is the first portion of a potential £270,000 investment which will be used to buy drone equipment. The money will also be used to develop the company’s premises, which will also function as a state-of-the-art training facility for the sector. Drone Evolution is a commercial drone services company which says it plans on changing the way businesses
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