STFC Innovations Ltd have awarded Dr Rick Anderson £274,881 to develop software to power the adoption of high-performance computing via the cloud for discovery and design of improved formulated products. It will combine accurate simulation, large-scale data analytics and machine learning into easy to use platforms for the chemical formulation industry. Rick is joined in this venture by Dr Liam Brennan, STFC Innovation Manager for the project.
The technical programme, directed by extensive customer interaction and feedback, will deliver a robust and flexible minimal viable product service by developing on four key technology areas: user interface, workflows, data and access security and cloud deployment.
Against a tough, highly volatile market environment, speed-to-market is critical, especially for companies that need to put on the market new products every year. Formulation-led product innovation is a key differentiator for success in competitive markets such as fast moving consumer goods (FMCGs) market. This projects outputs will provide the basis for future investment and revenue generation for a spin-out company, Formeric.