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

Scott James O'Brien

Director, Innovation Finance

Nigel Walker

Deputy Director, Lending and Investor Partnerships

Dave Wilkes

Director of Innovation Ecosystem

Past deals in Wales

SolasCure

Grant in 2024
SolasCure Limited is a biotechnology company based in Wales, United Kingdom, focused on advancing treatment options for patients with chronic wounds. Founded in 2017, the company is developing Aurase, a hydrogel designed to enhance wound bed preparation through the application of a recombinant enzyme derived from maggots. This innovative approach aims to facilitate wound debridement, a crucial therapeutic procedure that removes dead, damaged, or infected tissue, thereby accelerating the healing process. By leveraging biomimicry and evidence-based medicine, SolasCure seeks to improve patient outcomes across various healthcare settings.

Space Forge

Seed Round in 2020
Space Forge Limited is a company based in Bristol, United Kingdom, that specializes in the development of reusable satellites for manufacturing purposes. Founded in 2018, it focuses on creating advanced materials, including metals and crystals, that are not feasible to produce on Earth. By leveraging the unique conditions of space, Space Forge aims to manufacture super materials that enhance the efficiency of various industries, including computing, telecommunications, and pharmaceuticals. The company operates laboratories in Bristol and Wales, where it conducts research and development to support its mission of leading a clean industrial revolution through innovative manufacturing processes that reduce energy loss and carbon emissions.

Specific Innovations

Grant in 2017
Specific Innovations is a UK Innovation and Knowledge Centre, led by Swansea University and funded by Welsh Government, EPSRC & Innovate UK. SPECIFIC was one of seven Innovation and Knowledge Centres set up to foster new industries by closing the gap between scientific research and its commercial exploitation. It was set up in 2011 with a five-year £20m commitment from EPSRC, Innovate UK and the Welsh Government together with investment from Swansea University and strategic industrial partners. In April 2016, SPECIFIC began phase two of the project with £26m funding from EPSRC, Innovate UK and the European Regional Development Fund through the Welsh Government, as well as further investment from Swansea University, the industrial partners and matched funding from Cardiff University. The company's vision is to transform the world of energy by creating ‘Active Buildings'​ that can generate, store and release more solar energy than they consume. SPECIFIC’s building concept integrates solar technology into one system – that enables them to generate, store and release their own solar energy – both heat and electricity.
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