Bath accelerators targeting digital innovation and advanced engineering have secured $2.1m in grant funding.

University of Bath has secured a £1.5m ($2.1m) grant from the EU-owned European Regional Development Fund to launch two accelerators targeting local advanced engineering and digital innovation businesses.

The digital innovation hub will support 100 small and medium-sized enterprises (SMEs) over three years, while the advanced engineering accelerator is expected to benefit 130 SMEs over the same period.

Participating enterprises will receive grants worth up to $14,000, as well as help starting up, scaling up, encouraging innovation and attracting investment.…