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.
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 Internet of Things
FOTENIX
Grant in 2025
FOTENIX is a diagnostics company focused on enhancing crop production through advanced monitoring solutions. Utilizing a combination of specialized light sensors and embedded artificial intelligence, FOTENIX enables the early detection of plant conditions, including diseases. Their technology is integrated into sprayers, facilitating precision farming practices. Additionally, FOTENIX offers a cloud platform that provides agronomic insights based on the data collected, allowing producers and agronomists to make informed decisions that improve crop yield quality and shelf-life. By identifying plant characteristics early in the growing season, FOTENIX assists in taking timely actions to optimize agricultural outcomes.
OctaiPipe
Grant in 2024
OctaiPipe is a technology company that specializes in Federated Learning Operations (FL-Ops) specifically designed for Edge AIoT devices. Its architecture streamlines the entire lifecycle of AI model development, encompassing setup, training, deployment, fine-tuning, and continuous learning. By facilitating the creation of distributed IoT solutions, OctaiPipe empowers data scientists to develop systems that learn and adapt efficiently at scale. This approach not only enhances the operational effectiveness of critical infrastructure but also promotes sustainability, resilience, and security in a globally connected environment. Furthermore, OctaiPipe's solutions significantly reduce the costs associated with monitoring, maintenance, upgrades, and auditing, making it easier for organizations to manage their AI systems.
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.
Mediprospects AI
Grant in 2023
Mediprospects AI is a software company that offers big data, artificial intelligence, IoT, cyber security, and data analytics solutions.
Automedi
Grant in 2023
Automedi is a pioneering sustainable manufacturing company that transforms plastic waste into consumer products. It operates a decentralized, circular "microeconomies" platform, combining 12 inventions to rapidly convert plastic trash into usable items in as little as 25 minutes. This innovative system reduces energy consumption by 99.75% compared to conventional recycling and manufacturing, and increases plastic repurposing by nearly 600 times. By eliminating the need for large-scale transportation and reducing minimum order quantities, Automedi enables local production, fostering entrepreneurship and accessibility in underserved communities. This approach helps mitigate plastic pollution and promotes carbon avoidance, contributing to global sustainability efforts.
OctaiPipe
Grant in 2022
OctaiPipe is a technology company that specializes in Federated Learning Operations (FL-Ops) specifically designed for Edge AIoT devices. Its architecture streamlines the entire lifecycle of AI model development, encompassing setup, training, deployment, fine-tuning, and continuous learning. By facilitating the creation of distributed IoT solutions, OctaiPipe empowers data scientists to develop systems that learn and adapt efficiently at scale. This approach not only enhances the operational effectiveness of critical infrastructure but also promotes sustainability, resilience, and security in a globally connected environment. Furthermore, OctaiPipe's solutions significantly reduce the costs associated with monitoring, maintenance, upgrades, and auditing, making it easier for organizations to manage their AI systems.
MiiCare
Grant in 2021
MiiCare is an innovative company that has developed an AI-powered Home Care Platform tailored for older adults, their families, and caregivers. This platform aims to transform living spaces into safe and connected environments, promoting active aging through a focus on prevention and personalized care. MiiCare integrates various technologies, including telehealth devices, passive sensors, and acoustic sensing, to monitor health determinants such as physical environment, vital signs, and mental well-being. Central to its approach is a conversational AI named Monica, which serves as a Digital Health Coach. Monica engages with users to ensure medication adherence, encourage healthy habits, and provide personalized digital therapeutic content. By enabling remote care delivery and comprehensive assessments of well-being, MiiCare supports caregivers in reducing costs and hospitalizations while enhancing the overall quality of care for aging individuals.
MiiCare
Grant in 2021
MiiCare is an innovative company that has developed an AI-powered Home Care Platform tailored for older adults, their families, and caregivers. This platform aims to transform living spaces into safe and connected environments, promoting active aging through a focus on prevention and personalized care. MiiCare integrates various technologies, including telehealth devices, passive sensors, and acoustic sensing, to monitor health determinants such as physical environment, vital signs, and mental well-being. Central to its approach is a conversational AI named Monica, which serves as a Digital Health Coach. Monica engages with users to ensure medication adherence, encourage healthy habits, and provide personalized digital therapeutic content. By enabling remote care delivery and comprehensive assessments of well-being, MiiCare supports caregivers in reducing costs and hospitalizations while enhancing the overall quality of care for aging individuals.
Ovon Home
Seed Round in 2021
Ovon Home creates beautiful & easy to install smart home devices, offering superb comfort & energy saving in a stylish way. The new Ovon heating system, with our 5G, cellular-enabled boiler controller, offers a cutting-edge, self-charging platform that eliminates waste and provides a future-proof, energy-saving solution. With the capacity for remote diagnostics and predictive maintenance and the ability to interface with any boiler on the market, Ovon’s products have the potential to revolutionise home servicing while improving comfort.
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.
Cloud Cycle
Grant in 2021
Cloud Cycle is focused on transforming the concrete industry by addressing significant waste and carbon emissions associated with concrete production and delivery. Each year, over 10 billion tons of concrete are produced globally, contributing to up to 10% of CO2 emissions, with around 5% of this concrete going to waste. Cloud Cycle has developed an innovative on-truck device and sensor array that connects to a cloud platform, ensuring concrete meets specifications and minimizing waste during delivery. The company's real-time management software leverages the Internet of Things (IoT) and machine learning to predict quality issues and recommend interventions, helping companies maintain high standards while reducing operational costs and emissions. In addition, Cloud Cycle operates a marketplace for the sale of surplus concrete, further facilitating waste reduction. Through these advancements, Cloud Cycle aims to save the industry billions and contribute to a 1% reduction in global CO2 emissions.
MiiCare
Grant in 2020
MiiCare is an innovative company that has developed an AI-powered Home Care Platform tailored for older adults, their families, and caregivers. This platform aims to transform living spaces into safe and connected environments, promoting active aging through a focus on prevention and personalized care. MiiCare integrates various technologies, including telehealth devices, passive sensors, and acoustic sensing, to monitor health determinants such as physical environment, vital signs, and mental well-being. Central to its approach is a conversational AI named Monica, which serves as a Digital Health Coach. Monica engages with users to ensure medication adherence, encourage healthy habits, and provide personalized digital therapeutic content. By enabling remote care delivery and comprehensive assessments of well-being, MiiCare supports caregivers in reducing costs and hospitalizations while enhancing the overall quality of care for aging individuals.
Cloud Cycle
Grant in 2020
Cloud Cycle is focused on transforming the concrete industry by addressing significant waste and carbon emissions associated with concrete production and delivery. Each year, over 10 billion tons of concrete are produced globally, contributing to up to 10% of CO2 emissions, with around 5% of this concrete going to waste. Cloud Cycle has developed an innovative on-truck device and sensor array that connects to a cloud platform, ensuring concrete meets specifications and minimizing waste during delivery. The company's real-time management software leverages the Internet of Things (IoT) and machine learning to predict quality issues and recommend interventions, helping companies maintain high standards while reducing operational costs and emissions. In addition, Cloud Cycle operates a marketplace for the sale of surplus concrete, further facilitating waste reduction. Through these advancements, Cloud Cycle aims to save the industry billions and contribute to a 1% reduction in global CO2 emissions.
The Smart Container Company
Grant in 2020
The Smart Container Company is an IoT startup focused on revolutionizing the beverage supply chain through innovative technology. Its flagship product, KegTracker, is an IoT device that transforms traditional kegs and casks into smart containers by providing real-time data on volume, location, temperature, and motion. This data is integrated with the company's AI-driven software platform, BeverEDGE, which enhances operational efficiency and carbon accountability in beer distribution. By enabling precise tracking throughout the supply chain, The Smart Container Company aims to reduce waste and improve revenue generation in the global beverage industry.
Ovon Home
Seed Round in 2020
Ovon Home creates beautiful & easy to install smart home devices, offering superb comfort & energy saving in a stylish way. The new Ovon heating system, with our 5G, cellular-enabled boiler controller, offers a cutting-edge, self-charging platform that eliminates waste and provides a future-proof, energy-saving solution. With the capacity for remote diagnostics and predictive maintenance and the ability to interface with any boiler on the market, Ovon’s products have the potential to revolutionise home servicing while improving comfort.
Configured Things
Grant in 2020
Configured Things is a developer of configuration management solutions that focus on enabling decentralized control over equipment and systems. The company's tools are designed to manage dynamic environments and complex systems across various domains, particularly in physical and virtualized control rooms and multi-use digital spaces. By providing clients with the ability to configure and manage intricate collections of devices and services, Configured Things addresses the challenges associated with operating across trust boundaries, ensuring safe and efficient management of technology infrastructures.
Cloud Cycle
Grant in 2020
Cloud Cycle is focused on transforming the concrete industry by addressing significant waste and carbon emissions associated with concrete production and delivery. Each year, over 10 billion tons of concrete are produced globally, contributing to up to 10% of CO2 emissions, with around 5% of this concrete going to waste. Cloud Cycle has developed an innovative on-truck device and sensor array that connects to a cloud platform, ensuring concrete meets specifications and minimizing waste during delivery. The company's real-time management software leverages the Internet of Things (IoT) and machine learning to predict quality issues and recommend interventions, helping companies maintain high standards while reducing operational costs and emissions. In addition, Cloud Cycle operates a marketplace for the sale of surplus concrete, further facilitating waste reduction. Through these advancements, Cloud Cycle aims to save the industry billions and contribute to a 1% reduction in global CO2 emissions.
Synnefa
Grant in 2020
Synnefa specializes in creating an integrated ecosystem of smart agricultural solutions, including Smart Greenhouses and Solar Dryers, that utilize advanced IoT technology. Through its FarmShield™ sensors and FarmCloud™ software, Synnefa enables farmers to optimize their farming practices, effectively doubling their incomes on less land while conserving water and minimizing post-harvest losses. Additionally, the company offers an online farm record-keeping platform that enhances crop farming efficiency by providing real-time insights into irrigation needs and soil conditions. This technology allows farmers to manage their operations remotely via mobile devices, ultimately facilitating access to premium markets and improving overall production.
Cloud Cycle
Grant in 2019
Cloud Cycle is focused on transforming the concrete industry by addressing significant waste and carbon emissions associated with concrete production and delivery. Each year, over 10 billion tons of concrete are produced globally, contributing to up to 10% of CO2 emissions, with around 5% of this concrete going to waste. Cloud Cycle has developed an innovative on-truck device and sensor array that connects to a cloud platform, ensuring concrete meets specifications and minimizing waste during delivery. The company's real-time management software leverages the Internet of Things (IoT) and machine learning to predict quality issues and recommend interventions, helping companies maintain high standards while reducing operational costs and emissions. In addition, Cloud Cycle operates a marketplace for the sale of surplus concrete, further facilitating waste reduction. Through these advancements, Cloud Cycle aims to save the industry billions and contribute to a 1% reduction in global CO2 emissions.
Crypta Labs
Debt Financing in 2019
Crypta Labs Ltd is a London-based startup focused on enhancing cybersecurity through the development of quantum random number generation technologies. Founded in 2014, the company specializes in creating quantum random number generators (QRNG) that provide military-grade encryption for Internet of Things (IoT) applications across various sectors, including transport, military, intelligence, and healthcare. The QRNG technology combines a light source, detector, and processor into a single Application Specific Integrated Circuit (ASIC) chip, supported by software to ensure robust security. Additionally, Crypta Labs offers a Mobile Security Module that leverages smartphone cameras along with an Application Programming Interface (API) and Software Development Kit (SDK) to aid mobile application developers in securing their software. Through its innovative products, Crypta Labs aims to future-proof the cybersecurity infrastructure of various industries against emerging threats.
Wyld Networks
Grant in 2019
Wyld Networks Ltd, founded in 2016 and based in Cambridge, United Kingdom, specializes in providing wireless communication solutions for the Internet of Things (IoT) across various sectors, including smart cities, retail, events, health, and industrial applications. The company, which changed its name from flexiOPS Limited in March 2019, focuses on enabling affordable low-power connectivity through the use of low-earth orbit satellites and LoRaWAN technology. Wyld Networks aims to address connectivity challenges in areas lacking traditional wireless coverage, offering innovative hardware, software, and data plans designed to meet diverse IoT connectivity needs. As a subsidiary of Tern Plc, Wyld Networks combines expertise in wireless technology with a commitment to enhancing global connectivity.
UrbanChain
Grant in 2019
UrbanChain operates in the renewable energy sector by providing a peer-to-peer (P2P) energy exchange platform that leverages blockchain, artificial intelligence, and the Internet of Things (IoT). The company's innovative system facilitates the creation of local energy markets, enabling consumers to purchase green energy directly from renewable generators. By analyzing consumption behaviors and production patterns, UrbanChain ensures an efficient match between energy consumers and providers, leading to significant savings on energy bills. The platform not only supports large consumers in achieving their net zero carbon emission targets but also brings renewable energy generators of all sizes into the mainstream market. UrbanChain's services are regulated by Ofgem and Innovation Link, and the company is expanding its presence in the UK and globally, aiming to streamline the energy market and enhance the connection between renewable energy sources and consumers.
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.
Miotify
Grant in 2017
Miotify Ltd. is a company based in Windsor, United Kingdom, that focuses on enhancing digital health applications through its software and online toolkit. Founded in 2015, Miotify enables both developers and non-IT personnel to create applications within a structured framework, ensuring quality is built into the process from the beginning. The platform facilitates the auto-generation of evidence necessary for regulatory submissions, thus streamlining compliance. Additionally, Miotify's algorithms transform data from devices and sensors, allowing for remote patient monitoring and providing valuable insights for clinical decision-making. The software supports medical practitioners and researchers by offering features such as iterations tracking, business case testing, and lifecycle management, which contribute to the safe and effective collection and analysis of clinical data.
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.
Scout
Grant in 2017
Scout is developing an innovative web assistance technology that aims to transform how individuals navigate the internet. The company is creating a content-aware browser that not only presents webpages but also comprehends their content and understands user intentions across multiple tasks. This advanced browser will function as a digital assistant, facilitating various online activities such as shopping by finding alternative prices and summarizing reviews, and event planning by checking users' calendars and suggesting routes. By employing techniques such as semantic graphing, natural language processing, and reinforcement learning, Scout's software will enable users to access relevant information seamlessly, eliminating the need for manual searches and enhancing overall online efficiency.
GridDuck
Grant in 2017
GridDuck specializes in transforming homes and businesses into components of a smart grid through its innovative energy management system. The company utilizes a Zigbee wireless network to connect its gateway with various plugs, relays, and switches, enabling real-time monitoring of energy consumption. This system not only tracks usage patterns but also assesses grid conditions, allowing for immediate response to commands from the GridDuck gateway. By leveraging the Internet of Things, GridDuck effectively reduces energy wastage by remotely controlling appliances and circuits, helping clients lower their electricity consumption and associated costs through efficient management.
GridDuck
Grant in 2016
GridDuck specializes in transforming homes and businesses into components of a smart grid through its innovative energy management system. The company utilizes a Zigbee wireless network to connect its gateway with various plugs, relays, and switches, enabling real-time monitoring of energy consumption. This system not only tracks usage patterns but also assesses grid conditions, allowing for immediate response to commands from the GridDuck gateway. By leveraging the Internet of Things, GridDuck effectively reduces energy wastage by remotely controlling appliances and circuits, helping clients lower their electricity consumption and associated costs through efficient management.
LuJam Cyber
Grant in 2016
LuJam Cyber is a cybersecurity company that specializes in protecting small and medium-sized enterprises (SMEs) from various cyber threats. Its SaaS-based platform complements existing security measures such as firewalls and antivirus software by detecting vulnerabilities and unauthorized devices, including Internet of Things (IoT) devices. The platform offers businesses comprehensive visibility of their network, monitoring device connections and the use of cloud services while blocking access to high-risk areas of the internet. This continuous protection enables clients to stay informed about potential security threats and enhances their overall cybersecurity posture.
GridDuck
Grant in 2015
GridDuck specializes in transforming homes and businesses into components of a smart grid through its innovative energy management system. The company utilizes a Zigbee wireless network to connect its gateway with various plugs, relays, and switches, enabling real-time monitoring of energy consumption. This system not only tracks usage patterns but also assesses grid conditions, allowing for immediate response to commands from the GridDuck gateway. By leveraging the Internet of Things, GridDuck effectively reduces energy wastage by remotely controlling appliances and circuits, helping clients lower their electricity consumption and associated costs through efficient management.
Sensing Feeling
Grant in 2015
Sensing Feeling Limited, established in 2013 and based in London, specializes in developing IoT-based human behavior sensing products for businesses. The company leverages advanced technology, including computer vision and machine learning, to provide real-time measurement of behavioral indices. Sensing Feeling's products enhance the reliability and effectiveness of analyzing aggregated human behavior in physical spaces, allowing organizations to better understand risks, improve safety, and enhance customer experiences. By utilizing smart visual sensing software, the company enables accurate, simultaneous behavior sensing of individuals and groups, as well as vehicles and other assets, thereby assisting businesses in managing safety and risk within critical operational environments.
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