£12 million funding from the Scottish Government will support the testing of new wave and tidal projects in the seas around Scotland.
The Wave and Tidal Energy: Research, Development and Demonstration Support (WATERS) fund will also assist in the development of new technologies up to the prototype stage, particularly those which increase the effectiveness of installation, operation and maintenance of marine energy devices.
WATERS will be managed and administered by Scottish Enterprise, in partnership with the Scottish Government and HIE.
First Minister Alex Salmond said: "Of course, placing emerging technologies in harsh marine environments is extremely challenging. What we need to do is to support the continued development of the prototypes and technologies."
"We know that initial costs remain high. The Scottish Government and others in the public sector can help attract private capital and investment in to these companies and technologies, helping cover those early costs. The WATERS fund will play a vital part in that process."
Further information:
The Scottish Government
The Environment Agency is launching Flood Action Week, by urging the public to get flood ready.
The government has announced £84 million to prevent homelessness and support families over the winter.
The government has announced plans for a review of GP funding to deliver fairer distribution of funding and tackle health inequalities.
Government, regulators and industry have signed an agreement to deliver 21,000 new homes for North Sussex.
The government has announced that job advisers are to be embedded in GP surgeries to offer sick and disabled people help into work.
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