Transvac nominated for innovation award
Transvac has fought off tough competition from across the country to be nominated for a prestigious national innovation award which will see the company heading to Parliament later this month.
Transvac is one of just five companies nominated for the "Innovation Leading To Business Transformation" award for Innovate UK’s 'Small Business Innovation Awards.' They also have a chance of winning the best of the best “Inspirational innovation” award!
The awards aim to recognise examples of innovation excellence among the projects funded by Innovate UK. The awards celebrate projects and companies that demonstrate the impact of innovation on business growth and driving the economy, and who can inspire others.
Transvac were awarded a grant through Innovate UK for the project “Multistage Ejectors for Flare Gas Recovery”. The grant allowed Transvac to invest heavily in it's Research & Development department, in both physical equipment and highly trained R&D engineers. The team worked tirelessly to design and test new Ejector designs, using high pressure water as the motive source, and are continually pushing the boundaries of the compression ratios of this new liquid driven design. Transvac believe these innovative new Ejector designs will indeed transform the business.
Innovate UK Chief Executive Ruth McKernan said: “Our small business awards showcase the stories behind some of the excellent new innovations that Innovate UK helps to get closer to market every year. They also help Parliamentarians see how vital business-led innovation is to growing the economy and any industrial strategy. I want to congratulate Transvac on being shortlisted for an award and I’m looking forward to meeting them in Parliament and hopefully sending them back with an award.”
The awards will be presented by Universities and Science minister Jo Johnson MP, and Chief Executive of Innovate UK, Dr Ruth McKernan on 25 October in the House of Commons. Transvac's Managing Director David Ainge will be representing the company on the day, alongside Transvac's local MP.
Since 2007 Innovate UK has invested around £1.8 billion in innovation, which has been more than matched by the private sector – returning up to £13.1 billion to the economy. Innovate UK has supported innovation in 7,600 organisations, creating around 55,000 new jobs – more than 7 for each company they have worked with.