European Commission - Internal Market, Industry, Entrepreneurship and SMEs

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Innovate UK

Mission

Innovate UK delivers a wide range of national programmes that support innovation across the UK with an annual budget in excess of £500 million (€580m). In April 2018, Innovate UK has become part of UK Research & Innovation (UKRI), together with the seven Research Councils and a new organisation, Research England. 

Since 2007, Innovate UK has committed over £1.8b (€1.58b) to innovation, matched by a similar amount in partner and business funding.

Activities

The purpose of the agency is to work with companies to find and drive science and technology innovations that will help the UK economy grow. With a strong business focus, the agency aims at driving disruptive innovation by inspiring and supporting pioneering UK business to move towards the industries of the future.  In particular, Innovate UK is responsible for:

  • Determining which science and technology developments will drive future economic growth;
  • Funding the strongest opportunities;
  • Connecting innovators with proper partners needed to succeed, facilitating access to investors, collaborators, customers and export markets;
  • Helping UK innovators launch, build and grow successful business, putting them in a better position to attract investments.
     
    A team of ten Regional Managers, appointed by Innovate UK, act as the agency’s local representatives in different areas in order to strengthen its presence and impact at regional and local level.