Remotely operated vehicle ( ROV ) : Rovco has secured Innovate UK governmental funding to allow it to extensively test and develop underwater 3D modelling systems in a feasibility study . Should the study be successful , the real - time inspection system could transform energy companies ’ management of their subsea assets , potentially leading to significant savings in inspection costs . It works with people, companies and partner organisations to identify and drive forward the technology that will help grow the UK economy. Innovate UK will support 70 % of the project , with 30 % to be funded by government . Further equity investment will be sought in the second quarter of 2018 from subsea companies , universities and software developers for further expertise .
Remotely operated vehicle ( ROV ) : Rovco has secured Innovate UK governmental funding to allow it to extensively test and develop underwater 3D modelling systems in a feasibility study . Should the study be successful , the real - time inspection system could transform energy companies ’ management of their subsea assets , potentially leading to significant savings in inspection costs . Innovate UK will support 70 % of the project , with 30 % to be funded by government . Further equity investment will be sought in the second quarter of 2018 from subsea companies , universities and software developers for further expertise .