Blade Dynamics has developed an 'Advanced Blade Tip', which can be fitted to standard offshore blades. The new tip is designed to increase the performance of the blades.
Grow:OffshoreWind is a UK government-backed fund to help develop the offshore wind technology.
Erosion protection incorporated into the tip is also designed to reduce time needed for maintenance, meaning reduced O&M costs for project developers. The tip could also be used to extend blade lengths.
The funding from Grow:OffshoreWind will allow Blade Dynamics to test manufacturing technology used to make the tip and improve interaction with the rest of the blade.
Theo Botha, Blade Dynamics' co-founder, said the project could "substantially reduce" the cost of energy from offshore projects.
Blade Dynamics said its project should be completed in the second quarter of 2015.