Frontier Ip Share News (FIPP)

(Sharecast News) - Frontier IP's portfolio company Fieldwork Robotics on Monday won a UK government Innovate UK Industrial Strategy Challenge Fund grant to accelerate development of its raspberry-harvesting robot system.The portfolio company, which is a spin out from the University of Plymouthm was awarded grant funding of £547,250 towards its £671,484 project to create a multi-armed mobile robot prototype, which is intended to be adapted readily for other soft fruits and vegetables after optimisation for raspberries is achieved.Martin Stoelen, founder and director of Fieldwork Robotics, said: "We are delighted with this grant award from Innovate UK and the Industrial Strategy Challenge Fund, which will help us bring forward the day when our robot system will be harvesting berries in the field."A statement from Frontier IP said robot technology is attracting increasing interest from agriculture businesses to address long-term structural decline in labour, an issue which has been brought into sharper focus in the UK by Brexit.AIM traded outfit Frontier IP holds a 27.5% stake in the Fieldwork Robotics, which has also received backing for the project through a collaboration agreement with UK soft-fruit grower, Hall Hunter Partnership, a supplier to Marks & Spencer, Tesco and Waitrose.Neil Crabb, chief executive of Frontier IP, said: "The government has identified robotics and artificial intelligence as key sectors to support as part of its industrial strategy launched last year. Fieldwork Robotics' technology has the potential to play an important role in improving agricultural productivity. We're very pleased with this award, which provides further validation of the technology it is developing."Fieldwork Robotics is expected to seek further funding from institutional and private investors during 2019.Frontier IP's shares were down 1.95% at 80.40p at 1544 GMT.