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 Electronics

Q5D

Debt Financing in 2025
Q5D is an innovative company specializing in the automation of manufacturing and assembly processes for wiring looms. It develops advanced tools and laser micromachining technology that streamline the intricate connections of electric components. Q5D's solutions cater to various industrial sectors, including automotive, aerospace, consumer electronics, and robotics. By enabling the direct addition of wire and printed electronics onto product surfaces, the company enhances manufacturing quality, productivity, and functionality while simultaneously lowering production costs. This technology provides clients with a competitive advantage in achieving efficiency, resilience, and sustainability in their operations.

Paragraf

Grant in 2025
Paragraf Ltd. is a UK-based company established in 2015, specializing in the development and production of graphene-based electronic devices and materials. The company employs contamination-free technology to create high-purity graphene products, which are designed to enhance the performance of various electronic applications. Paragraf's innovations include devices for green energy generation, such as solar photovoltaic cells, as well as advanced sensors for monitoring environmental and health-related parameters. These products aim to optimize process and quality control across industries including electronics, energy, healthcare, and agriculture. By leveraging graphene's unique properties, Paragraf seeks to significantly impact the electronics industry and contribute to advancements in automation and disease research.

SmartKem

Grant in 2024
SmartKem Limited is a Manchester-based company that specializes in the development and marketing of organic semiconductors aimed at enhancing the manufacturing of liquid crystal and organic light-emitting diode displays. Founded in 2008, SmartKem focuses on the design, development, industrialization, and technology transfer of low-temperature, solution-deposited organic semiconductors, specifically its patented truFLEX inks. These inks are applied on low-cost substrates to create organic thin-film transistor circuits, which are essential for a range of applications including mini-LED displays, AMOLED displays, fingerprint sensors, and logic circuits. The company generates revenue through the sale of truFLEX inks and demonstration products, positioning itself at the forefront of semiconductor innovation for next-generation electronic devices.

Monumo

Grant in 2024
Monumo is a deeptech engineering firm specializing in the development of advanced electric motor systems for electric vehicles (EVs). The company leverages a proprietary blend of simulation, machine learning, artificial intelligence, and motor design technologies to create next-generation EV motor systems that surpass human capabilities. Monumo's innovative electromagnetic engineering tools aim to optimize energy usage globally, contributing to a sustainable future by enabling companies to maximize the efficiency of electric motors.

Vector Photonics

Grant in 2024
Vector Photonics, based in Glasgow, Scotland, is a spin-out company from the University of Glasgow. It specializes in developing semiconductor laser technology for data communications and additive manufacturing, including metal and plastic printing. The company's innovation lies in photonic crystal surface-emitting lasers, which are low-cost and emit light from the top surface, facilitating easy packaging and integration into printed circuit boards (PCBs) and electronic assemblies. This enables various industries to adopt their semiconductor laser technology in daily operations.

SleepCogni

Grant in 2024
SleepCogni is a company focused on developing innovative sleep aid technology aimed at enhancing the sleep experience for users. It offers a unique wind-down process that incorporates cognitive behavioral therapy and biofeedback. The company's device utilizes sensors worn on the user's index finger to monitor various physiological and behavioral metrics, including heart rate, mental alertness, skin temperature, and movement. By analyzing this data, SleepCogni provides personalized biofeedback through visual, auditory, and tactile cues, helping users effectively relearn the process of falling asleep. Ultimately, SleepCogni's technology seeks to assist individuals in overcoming insomnia and improving their overall sleep cycle.

Optrical

Grant in 2024
Optrical Limited is a company based in Rotherham, United Kingdom, specializing in the development and manufacturing of micro-optic elements. Established in 2016, Optrical focuses on creating advanced optical products that utilize ultra-high and ultra-low refractive index UV materials. The company's primary offerings include Illumax, which provides light extraction and management films for LED and OLED lighting, and Authntrace, which delivers optical anti-counterfeiting and traceability solutions. By leveraging innovative designs and custom manufacturing processes, Optrical aims to enhance the functionality of lighting products and improve product security for various industries.

Q5D

Grant in 2024
Q5D is an innovative company specializing in the automation of manufacturing and assembly processes for wiring looms. It develops advanced tools and laser micromachining technology that streamline the intricate connections of electric components. Q5D's solutions cater to various industrial sectors, including automotive, aerospace, consumer electronics, and robotics. By enabling the direct addition of wire and printed electronics onto product surfaces, the company enhances manufacturing quality, productivity, and functionality while simultaneously lowering production costs. This technology provides clients with a competitive advantage in achieving efficiency, resilience, and sustainability in their operations.

Nexam Chemical Holding

Grant in 2023
Nexam Chemical Holding is a Sweden-based company specializing in the development and production of advanced solutions that enhance the properties and performance of various polymers. The company manufactures heat-activated cross linkers, which are essential for improving temperature resistance and strength in polymer-based components. These enhancements allow industries to create lighter products, replace more expensive materials, and optimize existing resources. Nexam Chemical serves a diverse range of sectors, including aerospace, electronics, and engineered foams, providing cost-efficient solutions tailored to their needs. Additionally, the company’s technology enables recycled polymers to regain their performance capabilities, contributing to sustainability in the plastics market.

KAMIM Technologies

Pre Seed Round in 2023
KAMIM Technologies is a leading EPC (Engineering, Procurement, and Construction) company. We specialize in crafting tailored engineering & solar energy solutions for residential, commercial, and industrial sectors. Beyond conventional solar solutions, we emphasize creating solar-powered systems, especially for the agricultural sector. Our innovative products such as solar-powered cold rooms, irrigation systems, and driers aim to revolutionize agricultural productivity and sustainability. We were founded by members with over 40 years of combined industry experience.

Dycotec Materials

Grant in 2023
Dycotec Materials is a manufacturer specializing in advanced materials, specifically insulator, dielectric, and conductive inks and films. The company serves the aerospace and automotive industries by providing innovative solutions that cater to electronics and clean technology applications. In addition to its manufacturing capabilities, Dycotec offers expertise in electronics design and software development, assisting clients in transforming their concepts from prototypes to final products. This comprehensive approach enables customers to access customized materials tailored for a diverse range of applications.

Kubos Semiconductors

Grant in 2023
Kubos Semiconductors Ltd, established in 2017 and headquartered in Cambridge, United Kingdom, specializes in the development and commercialization of semiconductors. The company focuses on cubic-GaN technology, which is used to produce high-efficiency, low-cost light-emitting diodes (LEDs). Kubos Semiconductors leverages its intellectual property to create wafers for LED manufacturers, aiming to enhance energy savings through advanced semiconductor solutions.

Skylark Lasers

Grant in 2023
Skylark Lasers is a leading photonics company that focuses on the development and production of continuous wave single frequency diode-pumped solid-state (DPSS) lasers. Utilizing its proprietary BRaMMS Technology® platform, Skylark Lasers offers exceptional spectral performance and some of the highest output powers available in the market. The company's lasers serve a diverse array of applications across industrial and scientific sectors, including microchip inspection, quantum sensing, metrology, avionics, wind power generation, defense, financial data servers, and biomedical research. Skylark Lasers' NX lasers are designed for high-output power in a compact footprint, enabling customers to reveal the unseen, detect the invisible, and measure the unknown, thereby addressing both demanding and emerging requirements in various fields.

Mymanu

Grant in 2023
Mymanu is a pioneering manufacturer of consumer audio electronics and software, specializing in innovative, language-translation enabled devices. Their product range includes translation earbuds, conference speakers, magnetic charging cables, and flat speakers, facilitating real-time translation in multiple languages. This empowers travelers, businesses, and humanitarian organizations to connect and communicate effectively across linguistic barriers.

Lightricity

Grant in 2023
Lightricity’s mission is to enable a scalable and sustainable IoT by providing the world’s highest efficiency light energy harvesting technology and battery free IoT devices. Lightricity has unique indoor PV technology that is up to 6 x more efficient than the nearest commercially available competition under low light levels. This is available as PV component technology that enables powering of devices not previously possible or the reduction of the area of PV used on very small wireless devices. It is also available in our own battery free PV powered IoT tracker and sensor devices. Our technology enables IoT to really scale efficiently.

Paragraf

Grant in 2022
Paragraf Ltd. is a UK-based company established in 2015, specializing in the development and production of graphene-based electronic devices and materials. The company employs contamination-free technology to create high-purity graphene products, which are designed to enhance the performance of various electronic applications. Paragraf's innovations include devices for green energy generation, such as solar photovoltaic cells, as well as advanced sensors for monitoring environmental and health-related parameters. These products aim to optimize process and quality control across industries including electronics, energy, healthcare, and agriculture. By leveraging graphene's unique properties, Paragraf seeks to significantly impact the electronics industry and contribute to advancements in automation and disease research.

SleepCogni

Debt Financing in 2021
SleepCogni is a company focused on developing innovative sleep aid technology aimed at enhancing the sleep experience for users. It offers a unique wind-down process that incorporates cognitive behavioral therapy and biofeedback. The company's device utilizes sensors worn on the user's index finger to monitor various physiological and behavioral metrics, including heart rate, mental alertness, skin temperature, and movement. By analyzing this data, SleepCogni provides personalized biofeedback through visual, auditory, and tactile cues, helping users effectively relearn the process of falling asleep. Ultimately, SleepCogni's technology seeks to assist individuals in overcoming insomnia and improving their overall sleep cycle.

Lightricity

Grant in 2021
Lightricity’s mission is to enable a scalable and sustainable IoT by providing the world’s highest efficiency light energy harvesting technology and battery free IoT devices. Lightricity has unique indoor PV technology that is up to 6 x more efficient than the nearest commercially available competition under low light levels. This is available as PV component technology that enables powering of devices not previously possible or the reduction of the area of PV used on very small wireless devices. It is also available in our own battery free PV powered IoT tracker and sensor devices. Our technology enables IoT to really scale efficiently.

Potenza Technology

Grant in 2021
Potenza Technology Limited, established in 1999 and based in Warwickshire, United Kingdom, specializes in the design and manufacture of electric and hybrid powertrain systems. As a subsidiary of FPT Industrial S.p.A., the company focuses on low and zero-emission technologies, particularly in the development of high energy density lithium battery packs. Potenza Technology offers a comprehensive suite of services, including battery management systems, systems integration and control, as well as safety engineering for electric and hybrid vehicles. Its expertise extends to a range of automotive applications, encompassing body systems and powertrain control, positioning Potenza Technology as a key player in the evolving automotive sector.

Datalase

Grant in 2021
Datalase Ltd., based in Widnes, United Kingdom, is a leading provider of materials for laser coding and marking of products and packaging. The company specializes in developing innovative materials that can be incorporated into inks, coatings, and varnishes, enabling high-speed, in-line digital printing of variable information with lasers. This technology allows for late-stage customization on outercases, products, and primary packaging across various markets, including pharmaceuticals, FMCG, food and beverage, electronics, cosmetics, and tobacco. Datalase's solutions are used to print date and lot codes, 2-D data matrix codes, barcodes, images, and graphics. The company operates through a partner network in Europe, the United States, and Asia, and has strategic partnerships with SATO and PARC. Originally incorporated in 1987 as Sherwood Technology Ltd., the company changed its name to Datalase Ltd. in January 2006.

Cambridge Vacuum Engineering

Grant in 2020
CVE designs and builds process solutions and has more than 60 years experience manufacturing Electron Beam (EB) systems and Vacuum Furnaces (VF’s) from its base in Cambridge UK. CVE’s range of equipment includes systems ranging from 50 to 200 kV with beam powers up to 100 kW. Professional engineering skills are applied to customer requirements resulting in innovative solutions to technical problems. The company's skilled workforce, experienced engineering department and extensive service team are backed up with a range of in-house test and diagnostic facilities. CVE offers true global coverage from itssales and service centres in the UK and worldwide. Cambridge Vacuum Engineering's roots begin in the late 1950's in Cambridge, England with the founding of Torvac, a company specialising in the manufacture of Electron Beam Welders and Vacuum Furnaces. A break-a-way group formed Wentgate Engineers in the mid 1960's and for many years the two companies traded in competition. Torvac purchased the Hawker Siddley Dynamics "Dynaweld" technology, which added 150kV welders to their range.

Warwick Acoustics

Grant in 2020
Warwick Acoustics, established in 2002 and based in Nuneaton, UK, specialises in the development and manufacture of high-resolution audio systems. The company is renowned for its patented High Precision Electrostatic Laminate (HPEL) technology, which enables ultra-thin, lightweight speakers delivering superior audiophile performance across an extensive bandwidth. Warwick Acoustics focuses on creating innovative audio solutions for both the headphone market and the automotive industry, with a particular emphasis on enhancing the in-car audio experience within electric vehicles. Their products are designed from scratch to provide the best personal audio listening experience, while also promoting sustainability through the use of mass-upcycled and recyclable materials.

Evince

Grant in 2020
Evince Technology is a UK-based startup focused on the development of innovative electron devices utilizing synthetic diamonds. The company aims to revolutionize the high-frequency electronics industry by introducing a new type of solid-state switch that serves as a foundational element for effective electrical energy control. Its products are designed for various applications, including metrology, healthcare, communications, and advanced manufacturing. By harnessing the superior thermal and electronic properties of diamonds, Evince Technology provides manufacturers and developers with the potential for enhanced performance through its licensed thermionic valve technology.

Evince

Venture Round in 2020
Evince Technology is a UK-based startup focused on the development of innovative electron devices utilizing synthetic diamonds. The company aims to revolutionize the high-frequency electronics industry by introducing a new type of solid-state switch that serves as a foundational element for effective electrical energy control. Its products are designed for various applications, including metrology, healthcare, communications, and advanced manufacturing. By harnessing the superior thermal and electronic properties of diamonds, Evince Technology provides manufacturers and developers with the potential for enhanced performance through its licensed thermionic valve technology.

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.

Circada

Grant in 2020
Circada's unique lighting controls improve health and well-being. This consists of an adapter that connects to existing tuneable white LED drivers and is simple to retrofit without the need for complex commissioning, with a standard light switch serving as its interface. We can provide additional configuration prior to installation if necessary for a specific project in order to match the lighting specification, once again providing advanced circadian lighting that is plug-and-play and commission free.

Transmission Dynamics

Venture Round in 2018
Transmission Dynamics is an industrial internet of things solutions provider. They provide remote condition monitoring services. They provide engineering consulting, gear alignment, transducer development, strain gauge installation, and gear microgeometry optimization services. Their products include digital telemetry system, radio microscopy, and building vibration monitoring system.

Irresistible Materials

Grant in 2018
Irresistible Materials Ltd is a materials technology company based in Swansea, United Kingdom, specializing in the development and commercialization of fullerene-based photoresist technology. Founded in 2010 as a spin-out from the University of Birmingham, the company collaborates with Nano-C Inc in the United States to create advanced materials for next-generation lithography applications. Irresistible Materials focuses on providing innovative solutions, including EUV resists, spin-on-carbon, and e-beam resists, aimed at meeting the demands of the semiconductor industry for increasingly smaller microchip feature sizes. The company has established a robust patent portfolio that encompasses various resist and hard-mask materials and maintains strong partnerships with the University of Birmingham and a network of global collaborators to further advance its materials offerings.

Trameto

Grant in 2017
Trameto Ltd. is a manufacturer based in Swansea, United Kingdom, specializing in power management integrated circuits (PMICs) and wireless IoT edge devices. Established in 2016, the company focuses on developing intelligent, ultra-efficient power management solutions that facilitate micro energy harvesting. Trameto's innovative products aim to eliminate the need for batteries in ultra-low-power systems, enabling the creation of self-sustaining autonomous wireless devices for various Internet of Things applications. By providing effective and economical alternatives to traditional battery dependency, Trameto is poised to drive advancements in the field of energy management for wireless technologies.

Pyreos

Grant in 2017
Pyreos Limited is a UK-based company specializing in the development of infrared sensor array products. Founded in 2007 and headquartered in Edinburgh, Pyreos utilizes patented thin film pyro-electric ceramic technology to create a range of infrared sensors applicable in various fields. The company's product offerings include bare die arrays, packaged components, and custom arrays designed for motion and occupancy detection, flame detection, people counting, gas analysis, spectroscopy, and infrared camera applications. Pyreos focuses on three primary markets—food safety, gas detection, and fuel/oil condition monitoring—where its compact and high-performance sensors operate in the mid-infrared spectrum, allowing for precise identification of material molecular compositions.

SleepCogni

Grant in 2017
SleepCogni is a company focused on developing innovative sleep aid technology aimed at enhancing the sleep experience for users. It offers a unique wind-down process that incorporates cognitive behavioral therapy and biofeedback. The company's device utilizes sensors worn on the user's index finger to monitor various physiological and behavioral metrics, including heart rate, mental alertness, skin temperature, and movement. By analyzing this data, SleepCogni provides personalized biofeedback through visual, auditory, and tactile cues, helping users effectively relearn the process of falling asleep. Ultimately, SleepCogni's technology seeks to assist individuals in overcoming insomnia and improving their overall sleep cycle.

Inductosense

Grant in 2015
Inductosense Ltd is a manufacturer based in Bristol, United Kingdom, specializing in wireless and battery-free sensors designed for the detection of cracks, corrosion, and defects in various structures and products. Founded in 2015, the company offers innovative solutions such as the WAND Evaluation System, which includes a set of sensors, a handheld measurement probe, and a sensor fixing kit for measuring structural thickness. Additionally, Inductosense develops TRND systems for monitoring internal corrosion and erosion in pipework and vessels. The sensors can be permanently affixed to surfaces and are capable of operating beneath coatings, insulation, or repairs. They utilize a passive technology that relies on non-contact inductive coupling to receive power and transmit signals, allowing for fast and repeatable inspections. Inductosense's products are applicable in the inspection of large structures, composite repairs, and remote monitoring, providing clients with reliable data for maintenance and safety assessments.

Cella Energy

Grant in 2013
Cella Energy Limited is an advanced materials company based in Didcot, United Kingdom, with additional operations in Florida. Founded in 2011, it specializes in developing and producing innovative hydrogen storage materials capable of storing up to one liter of hydrogen per gram at room temperature. These materials are designed for various applications, including transportation and portable power industries, as well as military power solutions for unmanned systems. Additionally, Cella Energy manufactures radiation shielding materials to protect space satellites from harmful radiation, thereby extending their operational life. The company offers a range of production facilities and systems, catering to low, medium, and high power applications.

Cella Energy

Grant in 2013
Cella Energy Limited is an advanced materials company based in Didcot, United Kingdom, with additional operations in Florida. Founded in 2011, it specializes in developing and producing innovative hydrogen storage materials capable of storing up to one liter of hydrogen per gram at room temperature. These materials are designed for various applications, including transportation and portable power industries, as well as military power solutions for unmanned systems. Additionally, Cella Energy manufactures radiation shielding materials to protect space satellites from harmful radiation, thereby extending their operational life. The company offers a range of production facilities and systems, catering to low, medium, and high power applications.

Diamond Microwave Devices

Grant in 2009
Diamond Microwave Devices Ltd. specializes in the development of semiconductor devices utilizing chemical vapor deposition (CVD) diamond technology. Founded in 2006 and headquartered in Leeds, United Kingdom, the company focuses on creating devices that serve both civil and defense applications, particularly in microwave power amplifiers and transmitters. As a subsidiary of Element Six (Pty) Ltd., Diamond Microwave Devices is positioned at the forefront of innovation in high-performance microwave technology.

Magnetic Systems Technology

Magtec designs and manufactures electric drive systems and components for all vehicle types. Magtec routinely undertakes the electric system installation design including all interfaces with the existing vehicle systems to meet the required EMC and safety standards. This will normally include the vehicle control system software development including CAN network interfaces and bridges. The company will work with a customer’s design team to develop the mechanical installation of the drive system into a vehicle. Magtec will also undertake the complete mechanical installation design if requested. Magtec has a highly skilled service department which together with our remote diagnostic tools allows us to provide after sales service and support worldwide. Magtec will also provide training to vehicle fleet operators or vehicle OEM's service agents as required.
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