Innovate UK

Innovate UK is a non-departmental public body established in 2007 and based in Swindon, United Kingdom. Funded by a government grant, it supports innovation in science and technology by providing funding services to businesses across various sectors and regions. The organization aims to drive productivity and economic growth by facilitating advancements that contribute to the UK’s economic landscape. In addition to funding, Innovate UK offers a range of services and information related to business and economic development, thereby fostering a supportive environment for innovation.

Mike Biddle

Programme Director of Industrial Strategy Challenge Fund

Will Drury

Executive Director, Digital and Technologies

Paul Gadd

Deputy Director

Dr. Tom Jenkins

Deputy Director

Tim Murley

Interim Chief Investment Officer

Scott James O'Brien

Director, Innovation Finance

Dave Wilkes

Director of Innovation Ecosystem

Past deals in Business Intelligence

Built AI

Grant in 2022
Built AI helps real estate professionals analyze commercial property opportunities faster and better.
FourJaw Manufacturing Analytics is a provider of a machine-agnostic data analytics platform designed to enhance machining productivity through data-driven insights. The platform offers real-time visibility into shop floor operations, allowing users to monitor the status of each machine and identify unplanned downtime. By utilizing cloud-based technology, FourJaw enables small and medium-sized enterprises (SMEs) in the manufacturing sector to access critical analytics that support improved operational efficiency and productivity. Through its comprehensive approach, FourJaw aims to empower manufacturers with the tools necessary to optimize their processes and make informed decisions.

BIOStress

Grant in 2022
BioStress Lab is revolutionizing the understanding and management of workplace stress. Using discreet biometric devices to objectively monitor workplace stress we make improvements to wellbeing and performance

sub-10

Seed Round in 2022
Sub-10 provides a platform with AI that curates the content. The learning system that gives companies access to improve compliance, knowledge, and skills The free-thinking AI that creates a customized learning path that is in line with their preferences and performance They are e-learning providers. They support employee engagement and business growth.

Zinia

Grant in 2022
Developer of a business platform designed to ensure that artificial intelligence is aligned with business objectives. The company's platform offers businesses AI-assisted decision-making by giving them a platform rooted in simplicity, flexibility, adaptivity, and explainability, enabling organizations to build advanced AI with minimal training and without acquiring deep technical expertise for fast value monetization.

3AI

Grant in 2021
3AI is a machine learning company dedicated to building the world’s most advanced and usable AI for investment professionals, founded by an award-winning data science team of industry experts. 3AI is enhancing investor decision making with big data predictions and insights, enabling better judgement and results. ALBA is 3AI's self-learning equity prediction intelligence, producing reliably accurate global equity forecasts and insights. ALBA's top picks have consistently outperformed the S&P 500 since the 1980s.

Predictiva

Grant in 2021
Predictiva is a company that provides an artificial intelligence platform designed to enhance financial trading and investment management using advanced Deep Reinforcement Learning algorithms. It offers solutions that cater to various financial assets, focusing on optimizing decision-making in complex financial markets. By leveraging cutting-edge AI technology, Predictiva aims to deliver predictable profits while minimizing risks, enabling users to engage in a more accurate, data-driven approach to trading. The platform is accessible to users without a background in AI or data science, utilizing autonomous machine learning algorithms to simplify the trading process and enhance financial intelligence for traders and investment managers.

Honest AI

Grant in 2021
Developer of real estate data intelligence platform designed to help institutional real estate investors make data-driven decisions. The company's platform uses artificial intelligence and cognitive search technology to search across publicly available data such as planning applications and transactional data to give insights and reports on market performance factors, submarket trends, and risk factors, enabling professional investors and investment managers to buy, sell or repurpose assets.

Bendi

Pre Seed Round in 2021
Operator of a data analytics platform intended to improve global supply chain tracking. The company's platform offers fast traceability and risk monitoring for fashion supply chains in real-time, with actionable results, enabling businesses to save time, audit, and understand global supply chains.

Etiq AI

Grant in 2021
Our product comprises algorithms that assess how robust the models employed by our business clients are, based on a deep understanding of the factors which constitute best practice definitions of fairness and accuracy. Our analysis, testing and modelling process is then able to provide uniquely practical solutions to mitigate the biases identified, resulting in greater market opportunities, and decreased compliance and reputational risk for our clients. Our target clients are a range of financial companies which are under increasing regulatory pressure to use models that make fair decisions, under competitive pressure to leverage the best returns from their customer data, and increasingly using algorithmic decision making. ETIQ is well positioned to provide a significant return on investment due to the favourable combination of: the attractive size of the financial sector; the lack of competition and solutions in this space; growing pressure to ensure fairness as defined both within legal/regulatory and business frameworks; and the typically favourable profit margin achieved by software companies.

Freyda

Pre Seed Round in 2020
Developer of an artificial intelligence-based content management platform designed to eradicate manual data entry for financial services. The company's platform recognizes, extracts, and normalizes data using machine learning and artificial intelligence facilitating the automation of many time-consuming, repetitive data entry and retrieval tasks, enabling clients to extract, retrieve, and analyze data directly from the documents without manual intervention.

Kooling

Grant in 2020
Kooling is a digital platform bringing the power of Big Data Analytics and Machine Learning to climate-related data. We simplify compliance to climate-related Regulatory requirements while bringing a disruptive approach to Greenhouse Gas emissions mitigation, empowering leading organisations to exceed Government and Corporate goals on environmental performance.

FinCrime Dynamics

Grant in 2020
Our mission is to help make the world’s financial system safer through rapid deployment of effective AI for financial crime analytics, enabled by enriched synthetic data that captures the dynamics of fraud and money laundering and loads them into tailor-made scenarios that explore diverse threats that financial organisations are exposed to. This goal has taken us to the forefront of Synthetic Data and Fincrime Analytics, and we are proud to have in our team people that have helped shape the state-of-the-art of these fields. Keywords: Finacial services, AML, Synthetic Data, Fintech, Machine learning, Big data, Simulation, Fraud Analytics, Compliance

Radius Tech

Grant in 2020
Radius is a Location Intelligence provider. Radius proprietary technology has the capacity to collect and process fragmented, multi-layered, complex data points, and act upon these insights. This tech advancement is applied to create commercial growth strategies for retailers and shopping centre.

Elixivity

Grant in 2020
Elixivity is a data management platform focused on enhancing diversity and inclusion (D&I) within organizations. Through the use of proprietary artificial intelligence algorithms, natural language processing, and machine learning, Elixivity aims to diagnose and address gaps in D&I practices. The platform analyzes extensive datasets to identify key patterns related to people and their interactions, providing valuable insights for data-driven decision-making. By visualizing various scenarios and predicting performance across selected metrics, Elixivity enables enterprises to benchmark their D&I status against competitors and across different sectors and geographies. This approach supports organizations in their efforts to foster a more equitable workplace.

Intelligent AI

Pre Seed Round in 2020
In a world of global pandemics, financial crashes, natural catastrophes and increasingly complex business risks, it is essential for Insurers, brokers and corporates to have real-time risk insight and mitigation. The Intelligent Risk Management Platform provides actionable insight to protect your business. Our AI Risk Report Analyser automatically turns unstructured risk reports into real-time dashboards to accelerate risk mitigations programmes for corporate clients and lower claims for brokers and Insurers. Analyse lengthy risk reports in seconds to deliver unparalleled risk insight. Whilst 5% of the larger sites will often have a detailed Risk Survey, Insurers and their clients are often blind to the risks across 95% of sites. Intelligent AI have developed Digital Twin of risk, based on 300 separate items of risk data, to deliver intelligent risk profiles of 100% of your portfolio. The SurveyRisk service from Intelligent AI enables Insurers, brokers and corporate customers to easily undertake regular short online surveys of a wide range of sites, in order to both gather risk data and to aid in training on risk reduction. SurveyRisk has been designed to maximise completion rates.

Intellegens

Grant in 2020
Intellegens is a company that originated as a spin-out from the University of Cambridge, focusing on the development and commercialization of innovative artificial intelligence software. It has created proprietary algorithms that allow neural networks to be trained on fragmented or incomplete datasets, enhancing data analysis capabilities beyond traditional methods. This technology has been successfully applied in drug discovery and material design, where it has notably reduced costs and accelerated development cycles for clients. Founded by Dr. Gareth Conduit and Ben Pellegrini, Intellegens aims to expand its applications to other sectors such as healthcare, autonomous vehicles, and retail. To facilitate broader adoption of its technology, the company is also working on an online platform with support from Innovate UK.

Software Solved

Grant in 2020
We’ve been developing software solutions for over 20 years. Our team is comprised of experienced and skilled developers, business analysts, technical consultants, project managers and testing experts. Our passionate team have the skills to support our clients at any stage of software and data process from consultancy, requirements gathering, system and architecture design, development and support.

Modularity Grid

Grant in 2020
Intelligent sensors and software for managing electrical systems for electric utilities and aerospace markets

Engine B

Grant in 2020
Engine B is a developer of accounting software designed for the audit, legal, and tax sectors. The company focuses on artificial intelligence and data analytics, offering tools that facilitate the auditing of common data models and knowledge graphs. By creating a standard access methodology to client data, Engine B enables organizations to achieve intelligent corporate data access, meeting the demands of the digital age. This technology empowers businesses to make contextual and informed decisions quickly and effectively.

Knowledge Officer

Grant in 2019
Knowledge Officer Ltd is a company that specializes in managing information overload by providing software and solutions designed to enhance content with relevant context. Founded in 2016 and based in Mitcham, United Kingdom, the company offers a platform that collects and aggregates content from various online sources, filtering out unnecessary data to deliver essential information tailored to users' specific interests and career goals. Utilizing machine learning and expert input, the platform helps individuals create personalized and dynamic learning paths. Additionally, it includes features such as quizzes to assess learning progress, making it a valuable resource for both students and professionals seeking to enhance their skills and knowledge.

Rais

Debt Financing in 2019
rais is a Virtual Personal Data Analyst for SME eCommerce businesses. They work with busy SME online retailers (and the agencies who support them) who want to grow faster by converting more customers across their marketing channels. rais is a software platform which uses Artificial Intelligence to automatically enrich and operationalise customer data. rais is also a "do-it-together" coaching and analytics service from an experienced team, which delivers a guaranteed return on monthly investment. Together these two aspects help their clients take more profitable Marketing actions that improve the experience customers have with their brands. They have improved new customer conversion by 31%, retention by 8% and have increased revenue per campaign by over 160%. Imagine the power of Big Retail Data Analytics, automatically being put into action for SMEs. The low effort way to grow your sales with a knowledgeable business partner.

B2M Solutions

Debt Financing in 2019
B2M Solutions specializes in providing advanced management solutions for the mobile enterprise, focusing on enhancing the efficiency and effectiveness of mobile device usage within organizations. The company offers a real-time mobile intelligence platform that delivers comprehensive insights into mobile device performance and utilization, enabling businesses to optimize their operations. Their services encompass asset and device management, as well as monitoring of suppliers and applications, which allows companies to maintain oversight of their entire mobile ecosystem, including end-users and technology. By leveraging B2M's innovative approach, organizations can improve critical processes and achieve greater operational efficiency in their mobile deployments.

Chief.AI

Grant in 2019
Chief.AI marshals global AI resources, channeling them on demand for metered consumption in a marketplace environment. Chief.AI makes it easy to discover and consume artificial intelligence programmatically! Connect your machine to Chief Artificial Intelligence and benefit from the world's premier AI services.

Valuechain.com

Grant in 2018
Valuechain.com enables global manufacturing customers, suppliers and partners to connect, collaborate and increase competitiveness. They engage with every tier and commodity within complex manufacturing supply chains and generate tangible benefits through our innovative collaboration, business improvement and enterprise solutions.

Statmetrix

Grant in 2018
Making football performance data more accessible using computer vision and deep learning.

BIOS

Grant in 2018
BIOS Health is a company based in Cambridge, United Kingdom, that specializes in developing a neural interface platform aimed at treating chronic health conditions. Founded in 2015, BIOS integrates advances in hardware, big data, and machine learning to create solutions that decode and encode neural signals from the body. The company also focuses on the development of prosthetic connectors, which standardize the connection between bionic devices and the body’s neural and soft-tissue systems. These implanted medical devices are designed to link nerve activity to specific conditions, facilitating precise communication and control for patients using prosthetics. BIOS operates an additional research and development office in Montreal, Canada.

IOTech

Seed Round in 2018
IOTech Systems Limited specializes in developing and deploying open and secure software edge platforms tailored for the Industrial Internet of Things (IIoT). The company addresses critical challenges in IoT deployments, such as latency, network bandwidth, reliability, and security, which traditional cloud-only models cannot effectively manage. IOTech offers a scalable, software-defined compute infrastructure that allows applications and services to be orchestrated locally across various domains. Central to its offerings is EdgeX Foundry, an open-source edge software platform that promotes interoperability among devices, applications, and services. Additionally, IOTech provides Edge Xpert, a commercial-grade platform designed for IIoT edge computing, which includes full support and maintenance subscriptions. Their services encompass onboarding partner software, operational technology integration, platform testing, and tailored training solutions. Established in 2017 and headquartered in Newcastle upon Tyne, United Kingdom, IOTech aims to enhance the deployment speed of IoT systems while minimizing integration costs for its partners across diverse market sectors.

Circadian

Grant in 2017
Circadian is a provider of cloud services focused on simplifying and enhancing data management for businesses. The company develops customized solutions that utilize cloud technology to streamline data handling processes, making them faster, more cost-effective, and reliable. Circadian's offerings enable users to effectively manage and outsource back office operations, including pricing, workflows, and case handling. Additionally, the company integrates behavioral analysis to detect fraudulent activities and recognize customers, thereby improving security and customer engagement. Through its innovative approach, Circadian aims to facilitate efficient data management and support businesses in their operational needs.

Vivacity Labs

Grant in 2017
Vivacity Labs Ltd. specializes in providing hyper-local data solutions for smart cities and intelligent transport systems. Founded in 2015 and based in London, the company installs thousands of sensors across the UK to collect and analyze data related to traffic, parking, and public transport. This data is leveraged through advanced video analytics and machine learning technologies to generate deep insights, including predictive management for rail systems and real-time monitoring of road conditions. Vivacity aims to enhance the operations of transport managers by offering unprecedented visibility into traffic patterns and behaviors, ultimately contributing to reduced congestion and improved road safety. By integrating these insights into transport infrastructure, Vivacity is striving to revolutionize data collection and utilization in urban environments.

AGRIinsight

Grant in 2017
AGRIinsight supports smallholder farmers in emerging markets, international agribusinesses and governmental organisations.

Bird.i

Grant in 2016
Bird.i collates and disseminates the best of the world’s satellite, airborne and drone imagery in real time, in order to provide insights and data to businesses globally. The high quality, frequency and accuracy of Bird.i’s images are superior even to the likes of Google Maps, meaning that clients can efficiently monitor changes and trends on the ground, helping companies solve problems, make important decisions, gain competitive advantage and plan for the future.

Blupoint

Grant in 2015
BluPoint delivers free access to trusted digital information and can be used to deliver education, health or other information. BluPoint Ltd is a social impact business which addresses equitable access to digital information and services, particularly for customers wanting to reach people living in remote and difficult locations where: high data costs; infrequent electrical supply; poor GSM connectivity; and low data speeds are prevalent.

Sensing Feeling

Grant in 2015
Advanced human behaviour sensing products for business. At the core of Sensing Feeling's products is a new IoT (Internet of Things) technology, powered by computer vision and machine learning, that significantly enhances the reliability and effectiveness of measuring aggregated human behaviour of groups of people in physical spaces to enable organisations to better understand risks, improve safety and enhance customer experiences.

Big Data Partnership

Grant in 2014
Big Data Partnership assists organizations across various industries in becoming more data-driven through the integration of data science and advanced big data technologies. As the volume of data generated continues to grow rapidly, especially in unstructured forms from sources like social networks and mobile content, businesses face challenges in managing and analyzing this information. Big Data Partnership focuses on helping clients understand the importance of data-driven decision-making, developing strategies that demonstrate value, and delivering cost-effective solutions utilizing scalable technologies. They also emphasize risk reduction by training staff in essential new skills and providing ongoing support. With a team of certified experts experienced in various big data technologies, including Hadoop, Cassandra, and Spark, the company aims to provide reliable data solutions that create competitive advantages and new revenue opportunities for its clients.
Outcomes Based Healthcare focuses on implementing outcome-based strategies within the healthcare system, emphasizing collaboration with patients to define and measure health outcomes. The organization develops technology solutions aimed at assisting healthcare commissioners and providers in tracking and analyzing outcomes for specific population segments. By integrating health and non-health datasets and employing machine learning techniques, it aims to predict health outcomes effectively. Additionally, the company offers tools such as an outcome library and management platform, which support population health management and facilitate the execution of value-based healthcare strategies and outcomes-based contracts. With a team comprising professionals from diverse fields including medicine, business, and computer science, Outcomes Based Healthcare is dedicated to designing patient-centered care and enhancing the healthcare system through innovative technology.

Warwick Analytics

Seed Round in 2013
Warwick Analytics specializes in advanced predictive analytics and process automation, focusing on transforming raw data into structured formats. The company's flagship product, PrediCX, employs proprietary technology known as Optimised Learning to automatically classify textual data using machine learning. This approach minimizes the need for human input while maximizing accuracy in data labeling. PrediCX is versatile, providing insights into verbatim text data, facilitating Robotic Process Automation, and conducting sentiment analysis for consumer feedback. By lowering the cost barriers associated with predictive analytics, Warwick Analytics enables customers to enhance quality, improve throughput, and better predict customer behavior and associated risks.
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