Aberdeen-based EC-OG have launched a crowdfunded bond offer in support of their new Joint Innovation Project with Yokogawa Electric Corporation involving the building and testing of a demonstrator prototype of a Subsea Internet of Things (SIoT) on the seabed.
After being awarded a grant of £1m by Scottish Enterprise towards a total project value of £1.6M, EC-OG are looking to fund the balance of £600k in order to complete their project deliverables. The crowdfunded bond will contribute towards the £600k but will not be the sole source of funds.
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