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 Semiconductor

Dyman

Seed Round in 2022
Dyman Advanced Materials specializes in the development of a patented technology aimed at enhancing the manufacturing process of synthetic diamonds. This innovative approach seeks to improve the efficiency of the traditional high-pressure and high-temperature method used in diamond synthesis, resulting in reduced production costs. By providing a more economical production method, Dyman's technology serves both the industrial and gemstone market sectors, facilitating the broader availability of high-quality synthetic diamonds.

SeeQC

Grant in 2021
SeeQC, Inc. is a company focused on creating a digital quantum computing platform tailored for global businesses. Founded in 2018 and headquartered in Elmsford, New York, SeeQC specializes in developing quantum-ready superconductors and commercially viable, application-specific quantum computing systems. The company integrates classical and quantum technologies to tackle challenges related to efficiency, stability, and cost in quantum computing. Its offerings include superconducting qubit chips, Single Flux Quantum (SFQ) technology, and application-specific integrated circuits (ASICs), enabling scalable and cost-effective quantum solutions. SeeQC's systems are designed for various sectors such as machine learning, logistics optimization, quantum chemistry, pharmaceuticals, and financial technology, with operations extending to facilities in London and Naples. By focusing on energy efficiency, speed, and digital control, SeeQC aims to bring market-ready, problem-specific quantum computing applications to fruition.

Ionoptika

Grant in 2021
Ionoptika is the provider of high-performance ion beam technologies for surface analysis and nanofabrication applications, and are the experts in cluster ion beams for secondary ion mass spectrometry (SIMS).

Anaphite

Seed Round in 2021
We are a startup company based in the Unit DX incubator in Bristol UK, developing our proprietary graphene-based nanomaterials with many advanced properties.

Kromek

Grant in 2021
Kromek Group develops and manufactures advanced radiation detection products for medical imaging, nuclear detection, and security screening across various global markets, including the United Kingdom, North America, Asia, Europe, and Australasia. The company specializes in high-resolution imaging solutions, utilizing cadmium zinc telluride (CZT) and scintillator technologies to identify cancerous tissues and hazardous materials. Its diverse product range includes handheld gamma detectors, thermal neutron detectors, gamma-ray spectrometers, and medical imaging devices such as CZT gamma detectors for SPECT imaging and photon-counting spectral CT. In the security sector, Kromek offers personal radiation detectors, networked radiation detectors, and vehicle-mounted systems, among others. The company also engages in scientific research and development, selling its products through various channels including distributors and direct sales. Founded in 2013 and headquartered in Sedgefield, the United Kingdom, Kromek is committed to pioneering innovations in radiation detection and imaging technology.

Diode

Grant in 2020
Diode is a tech start-up that builds tools to make electric vehicle infrastructure easy to implement for everyone.

Aegiq

Grant in 2020
Aegiq Ltd. specializes in the development of semiconductor-based quantum photonic chips, utilizing III-V materials such as Gallium, Indium, and Arsenic. Founded in 2019 and headquartered in Sheffield, United Kingdom, the company focuses on creating technology that supports various applications, including broadband quantum communication, imaging, and scalable quantum computing. Aegiq's innovative platform employs a hybrid integrated photonics approach, facilitating economies of scale for quantum technology while enabling multi-million qubit operations. This positions Aegiq to offer a comprehensive range of products and systems in quantum cybersecurity, networking, and computing, significantly enhancing reliability and security compared to traditional silicon-based solutions.

Evince

Grant in 2020
Evince Technology Ltd develops diamond-based semiconductor devices that reduce carbon dioxide emissions. It offers diamond power semiconductor devices, including diodes, electron field emission triodes, and directional field emission transistors that connect power electronic systems to a mains electricity grid. The company’s products are used to improve the performance wind turbines and fuel cells and reduce the energy requirement of motors. The company was founded in 2004 and is based in Durham, United Kingdom.

Evince

Venture Round in 2020
Evince Technology Ltd develops diamond-based semiconductor devices that reduce carbon dioxide emissions. It offers diamond power semiconductor devices, including diodes, electron field emission triodes, and directional field emission transistors that connect power electronic systems to a mains electricity grid. The company’s products are used to improve the performance wind turbines and fuel cells and reduce the energy requirement of motors. The company was founded in 2004 and is based in Durham, United Kingdom.

Spectrum Logic

Grant in 2020
Spectrum Logic is an innovator and manufacturer of detection and imaging products using CMOS image sensors. We develop custom detectors for X-ray, electron beam, near infrared and ultraviolet imaging with experience in wafer scale CMOS image sensors (50 μm to 150 μm pixel pitch), sCMOS and NIR sensors.

Dyman

Grant in 2020
Dyman Advanced Materials specializes in the development of a patented technology aimed at enhancing the manufacturing process of synthetic diamonds. This innovative approach seeks to improve the efficiency of the traditional high-pressure and high-temperature method used in diamond synthesis, resulting in reduced production costs. By providing a more economical production method, Dyman's technology serves both the industrial and gemstone market sectors, facilitating the broader availability of high-quality synthetic diamonds.

Anaphite

Pre Seed Round in 2019
We are a startup company based in the Unit DX incubator in Bristol UK, developing our proprietary graphene-based nanomaterials with many advanced properties.

UltraSoC

Grant in 2019
UltraSoC Technologies Ltd. specializes in semiconductor intellectual property (IP) focused on system monitoring, analysis, and optimization for advanced systems-on-chip (SoC) devices. Founded in 2005 and headquartered in Cambridge, UK, the company offers a comprehensive toolkit that includes dedicated and optimized IP, as well as configurable modules for design-time and run-time adjustment. Its technology facilitates non-intrusive, wire-speed monitoring of SoC behavior, allowing engineers to understand complex interactions among on-chip subsystems, buses, and software. This capability accelerates development and minimizes risks associated with SoC design. UltraSoC's solutions are applied in various contexts, including SoC debugging, analytics, optimization, and security applications, thereby enhancing the efficiency of embedded systems development. The company operates as a subsidiary of Siemens Aktiengesellschaft.

KETS

Seed Round in 2018
KETS Quantum Security Ltd, founded in 2016 and based in Bristol, United Kingdom, specializes in creating solutions for secure communications using quantum technologies. The company develops a range of cost-effective, future-proof technologies, including quantum key distribution (QKD) and quantum random number generation (QRNG). Its quantum chip facilitates reliable and secure communication encryption systems, utilizing optical microchips in compact and integrated packages. These innovations enable clients to achieve enhanced digital encryption and secure data communication in a low-power format, addressing the growing need for robust security solutions in the digital landscape.
Irresistible Materials Ltd, a materials technology company, develops and commercializes fullerene based photo-resist technology. It offers fullerene materials and processes for application in lithography, including EUV resists, spin-on-carbon, and e-beam resists. The company was incorporated in 2009 and is based in Swansea, United Kingdom.

Petalite

Grant in 2018
Petalite Limited develops battery for smart phones. The company was founded in 2014 and is headquartered in Birmingham, United Kingdom.

D-Wave

Grant in 2017
D-Wave Systems Inc. is a pioneer in the development and integration of superconducting quantum computers, established in 1999 and headquartered in Burnaby, Canada. The company produces various quantum computing systems, including the D-Wave Two System, and offers the D-Wave Hybrid platform for quantum-classical applications. Additionally, D-Wave provides Leap, a cloud-based service that grants users real-time access to quantum computing resources alongside development tools and educational materials. D-Wave's technology is utilized across diverse fields such as logistics, machine learning, climate modeling, and financial analysis, addressing complex problems in industries including defense, finance, and energy. The company also delivers professional services, including training and customer support, to enhance user experience and application of its quantum solutions. With additional offices in the United States and Europe, D-Wave continues to lead in both annealing and gate-model quantum computing systems.

Trameto

Grant in 2017
Trameto Ltd. is a manufacturer based in Swansea, United Kingdom, specializing in power management integrated circuits (PMICs) designed to eliminate battery dependency in ultra-low-power systems. Founded in 2016, the company develops intelligent and ultra-efficient power management devices that facilitate micro energy harvesting. These innovations enable the creation of self-sustaining autonomous wireless devices, particularly for Internet of Things applications. Trameto's technology provides an effective and economical solution for customers looking to integrate energy harvesting into their wireless devices, thereby advancing the capabilities and sustainability of IoT systems.

Pyreos

Grant in 2017
Pyreos Limited, based in Edinburgh, United Kingdom, specializes in the development of infrared sensor array products utilizing patented thin film pyro-electric ceramic technology. Founded in 2007, the company offers a range of products including bare die arrays, packaged components, and custom sensor arrays. These sensors are applied in various fields such as motion and occupancy detection, flame detection, people counting, spectroscopy, gas detection, and infrared cameras. Pyreos particularly focuses on three key markets: food safety, gas detection and analysis, and fuel and oil condition monitoring, which collectively represent a substantial market opportunity. The company's high-performance, compact sensors operate in the mid-infrared spectrum, allowing for precise identification of the molecular composition of materials, thus providing significant advantages in their targeted applications.

Petalite

Grant in 2017
Petalite Limited develops battery for smart phones. The company was founded in 2014 and is headquartered in Birmingham, United Kingdom.

Smart Separations

Grant in 2017
Smart Separations is a limited company based in London UK that has patented an innovative microfiltration technology to produce ceramic filters with self-assembled controllable pores of uniform size in the range between <1 and 50µm. This tight pore size control and range availability will revolutionise the field of MF with a cost-effective product. It aims to be the world’s leader in MF and particle separations technology – filling the void gap that exists in the market nowadays.

Diamond Microwave

Grant in 2009
Diamond Microwave Devices Ltd. engages in the development of semiconductor devices based on CVD diamond. Its devices are used in civil and defense systems for microwave power amplifier and transmitter applications. The company was founded in 2006 and is based in Leeds, the United Kingdom. Diamond Microwave Devices Ltd. operates as a subsidiary of Element Six (Pty) Ltd.
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