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 Supply Chain Management

Mulder

Grant in 2025
Mulder specializes in blockchain-based traceability solutions for the medical device industry. It develops a network platform that offers real-time visibility and traceability across the entire supply chain, from raw material sourcing to patient application. This enables healthcare providers and manufacturers to verify device provenance, ensure compliance, and enhance patient safety.

mannyAI

Grant in 2024
MannyAI is a fashion technology startup that operates an artificial intelligence-powered platform designed to enhance the sourcing process for both fashion brands and factories. The company's innovative network enables small batch production by aggregating similar orders from various brands, which helps streamline the manufacturing process. MannyAI offers features such as instant pricing and efficient order management, allowing fashion brands to mitigate inventory risks while simultaneously improving production efficiency for factories. By leveraging AI technology, MannyAI aims to transform traditional sourcing methods in the fashion industry.

Mulder

Pre Seed Round in 2024
Mulder specializes in blockchain-based traceability solutions for the medical device industry. It develops a network platform that offers real-time visibility and traceability across the entire supply chain, from raw material sourcing to patient application. This enables healthcare providers and manufacturers to verify device provenance, ensure compliance, and enhance patient safety.

Bendi

Seed Round in 2024
Bendi is a data analytics company that specializes in enhancing global supply chain tracking and risk management. Its platform provides real-time traceability and risk monitoring, significantly reducing potential human rights, environmental, and governance risks associated with supply chains. By mapping millions of data points from diverse sources such as news articles, legal cases, and social media across multiple languages, Bendi equips businesses in various sectors—including fashion, textiles, retail, and advanced manufacturing—with actionable insights. This allows companies to streamline their operations, conduct audits more efficiently, and gain a comprehensive understanding of their supply chains.

Bendi

Grant in 2023
Bendi is a data analytics company that specializes in enhancing global supply chain tracking and risk management. Its platform provides real-time traceability and risk monitoring, significantly reducing potential human rights, environmental, and governance risks associated with supply chains. By mapping millions of data points from diverse sources such as news articles, legal cases, and social media across multiple languages, Bendi equips businesses in various sectors—including fashion, textiles, retail, and advanced manufacturing—with actionable insights. This allows companies to streamline their operations, conduct audits more efficiently, and gain a comprehensive understanding of their supply chains.

mannyAI

Grant in 2023
MannyAI is a fashion technology startup that operates an artificial intelligence-powered platform designed to enhance the sourcing process for both fashion brands and factories. The company's innovative network enables small batch production by aggregating similar orders from various brands, which helps streamline the manufacturing process. MannyAI offers features such as instant pricing and efficient order management, allowing fashion brands to mitigate inventory risks while simultaneously improving production efficiency for factories. By leveraging AI technology, MannyAI aims to transform traditional sourcing methods in the fashion industry.

iEthico

Grant in 2022
iEthico is a technology company that specializes in streamlining the sourcing of medicines through its innovative digital platform. The company's automated cloud-based service tracks essential data and provides critical intelligence, alerting users to shortages and connecting them with reliable sources. iEthico's platform is approved by the Medicines and Healthcare products Regulatory Agency (MHRA) and features an automated regulatory process that eliminates paperwork, saving pharmacies significant time and effort. Following successful market testing, iEthico's solution is being rolled out to community pharmacies and NHS Trusts across the UK. The company aims to empower pharmacists by delivering insights that help mitigate the impact of medicine shortages, enabling distributors and providers to navigate multiple suppliers efficiently, reduce costs, and supply medicines across various geographies.

Vamstar

Grant in 2021
Vamstar is a company that operates a B2B healthcare supply chain platform aimed at streamlining sourcing and procurement processes for medical device and pharmaceutical companies. The platform utilizes machine learning to capture demand for medical device and pharmaceutical products and services globally, matching this demand with suppliers worldwide. This enables customers to optimize their sourcing and procurement processes, reduce costs, and improve access to essential healthcare products and services. Vamstar's platform aggregates over $2 trillion of global demand across more than 70 countries, providing real-time analytics to facilitate transactions between buyers and suppliers. The company has onboarded some of the world's most innovative healthcare companies and continues to expand its capabilities in the digital marketplace.

Bendi

Pre Seed Round in 2021
Bendi is a data analytics company that specializes in enhancing global supply chain tracking and risk management. Its platform provides real-time traceability and risk monitoring, significantly reducing potential human rights, environmental, and governance risks associated with supply chains. By mapping millions of data points from diverse sources such as news articles, legal cases, and social media across multiple languages, Bendi equips businesses in various sectors—including fashion, textiles, retail, and advanced manufacturing—with actionable insights. This allows companies to streamline their operations, conduct audits more efficiently, and gain a comprehensive understanding of their supply chains.

Meritor

Grant in 2021
Meritor, Inc. is a manufacturer of integrated systems, modules, and components tailored for the commercial vehicle and industrial markets. Established in 1909 and headquartered in Troy, Michigan, the company specializes in drivetrain, mobility, braking, and suspension solutions for various applications, including medium- and heavy-duty trucks, trailers, off-highway machinery, and defense vehicles. Meritor operates through two main segments: Commercial Truck, which focuses on supplying drivetrain systems and components like axles and brakes, and Aftermarket and Industrial, which provides replacement parts to commercial vehicle and industrial aftermarket customers. The company markets its products under several brands, including Meritor, Euclid, and AxleTech, and distributes them primarily in North America, South America, Europe, and the Asia Pacific. With over a century of experience, Meritor is committed to delivering innovative solutions that meet the needs of original equipment manufacturers and aftermarket clients globally.

Vamstar

Grant in 2021
Vamstar is a company that operates a B2B healthcare supply chain platform aimed at streamlining sourcing and procurement processes for medical device and pharmaceutical companies. The platform utilizes machine learning to capture demand for medical device and pharmaceutical products and services globally, matching this demand with suppliers worldwide. This enables customers to optimize their sourcing and procurement processes, reduce costs, and improve access to essential healthcare products and services. Vamstar's platform aggregates over $2 trillion of global demand across more than 70 countries, providing real-time analytics to facilitate transactions between buyers and suppliers. The company has onboarded some of the world's most innovative healthcare companies and continues to expand its capabilities in the digital marketplace.

Vamstar

Pre Seed Round in 2020
Vamstar is a company that operates a B2B healthcare supply chain platform aimed at streamlining sourcing and procurement processes for medical device and pharmaceutical companies. The platform utilizes machine learning to capture demand for medical device and pharmaceutical products and services globally, matching this demand with suppliers worldwide. This enables customers to optimize their sourcing and procurement processes, reduce costs, and improve access to essential healthcare products and services. Vamstar's platform aggregates over $2 trillion of global demand across more than 70 countries, providing real-time analytics to facilitate transactions between buyers and suppliers. The company has onboarded some of the world's most innovative healthcare companies and continues to expand its capabilities in the digital marketplace.

eTEU

Grant in 2020
eTEU is a startup focused on optimizing and digitalizing documentation processes within the maritime logistics sector. By developing a blockchain-based platform, eTEU connects various participants in the international supply chain, including freight shippers and forwarders, facilitating the transition from traditional paper-based documentation to digital management of shipments. The company's solution automates the drafting of trade documentation, significantly reducing the time and administrative costs associated with organizing cross-border shipments. This innovative approach helps to eliminate information silos and enhances operational efficiency for all stakeholders involved in international trade.

Vamstar

Pre Seed Round in 2020
Vamstar is a company that operates a B2B healthcare supply chain platform aimed at streamlining sourcing and procurement processes for medical device and pharmaceutical companies. The platform utilizes machine learning to capture demand for medical device and pharmaceutical products and services globally, matching this demand with suppliers worldwide. This enables customers to optimize their sourcing and procurement processes, reduce costs, and improve access to essential healthcare products and services. Vamstar's platform aggregates over $2 trillion of global demand across more than 70 countries, providing real-time analytics to facilitate transactions between buyers and suppliers. The company has onboarded some of the world's most innovative healthcare companies and continues to expand its capabilities in the digital marketplace.

Valuechain.com

Grant in 2018
Valuechain.com specializes in enhancing connectivity and collaboration among global manufacturing customers, suppliers, and partners. The platform focuses on every tier and commodity within complex manufacturing supply chains, facilitating improvements that lead to increased competitiveness. By offering innovative solutions for collaboration, business enhancement, and enterprise management, Valuechain.com aims to deliver measurable benefits to its users, fostering a more efficient and integrated manufacturing ecosystem.
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