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 Simulation

Monumo

Grant in 2024
Monumo is a deeptech engineering company specializing in the development of advanced electric motors. By integrating simulation, machine learning, and artificial intelligence with innovative motor design, Monumo aims to create next-generation electric vehicle motor systems that exceed traditional human capabilities. The company focuses on enhancing the efficiency of energy use globally through its cutting-edge electromagnetic engineering tools. These tools are designed to optimize electric motors to their fundamental limits, leveraging a blend of advanced electronic and mechanical engineering expertise alongside the latest technological advancements. Monumo's efforts contribute to the establishment of a more sustainable future.

Productive Machines

Grant in 2023
Productive Machines specializes in software optimization for the machining industry, helping manufacturers enhance productivity and sustainability. The company utilizes a digital twin of the machining process, incorporating physics, mechanics, dynamics, distortion, and vibration data to simulate and test millions of parameters. This approach allows manufacturers to refine their CAM and Gcode, ultimately improving part quality and reducing cycle times. By addressing issues such as chatter vibrations and tooling costs, Productive Machines enables machining companies to achieve better surface finishes and dimensional accuracy, streamlining their operations and reducing costs. The company emerged as a spin-out from the UK Advanced Manufacturing Research Centre, reflecting its commitment to advancing manufacturing technologies.

AutoNeura

Grant in 2022
AutoNeura is a company that specializes in developing intelligent software aimed at enhancing the efficiency of vehicle propulsion system development and testing. By providing a platform that integrates engineering with physics, AutoNeura enables vehicle manufacturers, institutions, and hardware producers to conduct complex tests on propulsion systems using existing hardware. This approach significantly reduces costs associated with vehicle development and testing processes. The company’s technology facilitates better control of systems, data analytics, and digitalization, ultimately improving the overall value chain for vehicle production and enhancing the bottom line for its customers.

FinCrime Dynamics

Grant in 2020
FinCrime Dynamics specializes in advanced simulation and financial crime analytics, aiming to enhance the safety of the financial system through the effective deployment of artificial intelligence. The company utilizes enriched synthetic data to model the dynamics of fraud and money laundering, creating customized scenarios that help financial organizations understand and address various threats. By leveraging its expertise in financial crime analytics, FinCrime Dynamics provides businesses with a robust benchmark for detecting and mitigating risks associated with financial crime. The company's focus on simulation and compliance positions it at the forefront of the fintech industry, helping organizations navigate the complexities of fraud in an increasingly digital landscape.

Marion Surgical

Seed Round in 2020
Marion Surgical Inc. is a company that develops and manufactures virtual reality (VR) surgical simulators aimed at enhancing surgical training. Founded in 2016 and based in Niagara Falls, Canada, with an additional office in Salford, United Kingdom, the company offers products such as the K181 PCNL and Kidney Access Array, designed for training in percutaneous access procedures, and the PTE Simulator, which focuses on pulmonary thrombo-endarterectomy surgery. These simulators create a realistic and safe training environment where surgeons can learn, practice, and collaborate on procedures, thus addressing the need for innovative and customizable training solutions. Marion Surgical's platform is also connected to big data, allowing for a dynamic training experience tailored to various procedures and patient specifics.

Inovus Medical

Grant in 2018
Inovus Ltd is a company based in Saint Helens, United Kingdom, that specializes in designing and manufacturing medical simulation products aimed at enhancing surgical training. Founded in 2012, the company offers a variety of simulators, including take-home laparoscopic simulators and institutional models, which focus on essential surgical techniques such as laparoscopic appendectomy and cholecystectomy. Inovus Ltd's products are tailored for surgical trainees and residents, providing them with accessible and versatile training options that improve their skills in critical care, medicine, and surgery. The company's commitment to advancing surgical education enables clinicians to deliver better patient care through improved training resources.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.