News Burst: EU accolade for Welsh high-tech plan

A network of technology-driven initiatives involving Welsh businesses, universities and schools has topped the European Union's (EU) list of success stories.

Some 50 separate projects involving 1000 organisations, pioneered under the Welsh Development Agency's (WDA) regional technology plan, have been piloted since 1996. The result is that a vast network of businesses have been wired up to each other, and to universities, schools and business support agencies.

One of the successful projects, Welsh Business Angels, seeks to pair up companies looking for funding and private investors. The WDA's scheme, together with a regional project in the Netherlands, was listed as the most successful in the EU. The initiative could form the blueprint for high-tech regional development projects across the UK.