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Frontier IP Group PLC - intellectual property commercialisation firm - Portfolio firm Fieldwork Robotics granted GBP145,000 grant from Innovate UK's Sustainable Innovation Fund.
Funds will allow Fieldwork Robotics to accelerate the development of its current robot, namely by creating a digital simulator that will allow engineers to work remotely during lockdowns and reduce prototyping costs.
Frontier IP holds a 27% stake in Fieldwork Robotics.
Current stock price: 68.30 pence
Year-to-date change: up 3.5%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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