innovate uk
ABOUT INNOVATE UK
Innovative UK are part of UK Research and Innovation, a non-departmental public body funded by a grant-in-aid from the UK government.
Innovate UK are an organisation of almost 500 staff, drawn mainly from business and drive productivity and economic growth by supporting businesses to develop and realise the potential of new ideas, including those from the UK’s world-class research base.
With a strong business focus, they drive growth by working with companies to de-risk, enable and support innovation and help connect businesses to the partners, customers and investors that can help them turn ideas into commercially successful products and services and business growth.
Innovate UK fund business and research collaborations to accelerate innovation and drive business investment into research and developmentand their support is available to businesses across all economic sectors, value chains and UK regions.
BENEFITS OF INNOVATE UK
- They drive productivity and economic growth by supporting businesses to develop and realise the potential new ideas, including those from the UK’s world-class research base.
- With a strong business focus, they drive growth by working with companies to de-risk, enable and support innovation.
- Connect business to commercial partners that can nurture an idea into a product or service that can promote growth into a business.
- Fund business and research collaborations to accelerate innovation and drive business investment into research and development.
- Their support is available to businesses across all economic sectors, value chains and UK regions.
INNOVATE UK IN NUMBERS
£2.5 Billion Invested
For businesses to innovate.
70,000 Jobs
Created in 8,500 UK businesses.
£18 Billion of Value
Added to the UK economy.
£4.3 Billion Investment
In total value of UK projects.