TCI Pathway - Innovate UK brief guide and introduction
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A brief description of Innovate UK and what they are looking to do.
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TCI Pathway - Innovate UK brief guide and introduction
- 1. Innovate UK A general introduction
- 2. Who are Innovate UK? In a nutshell: Innovate UK is the UK's innovation agency. Its an organisation with around 250 staff, mainly from business and is based in Swindon. They are sponsored by the Department for Business Innovation & Skills. Innovate UK work with people, companies and partner organisations to find and drive the science and technology innovations that will eventually boost the UK economy. They work to: • learn and understand which science / technology developments will drive future economic growth • meet and support UK innovators with great ideas in the fields they are focused on • fund the strongest opportunities • connect innovators with the right partners needed to succeed • help their innovators launch, build and grow successful businesses Work so far: Since 2007 Innovate UK have invested over £1.5 billion in innovation, matched by a further £1.5 billion in partner and business funding. They have helped more than 5,000 innovative companies in projects estimated to add £7.5 billion to the UK economy and create 35,000 extra new jobs.
- 3. Who are Innovate UK? Innovate UK works to a five-point plan to ensure they are maximising the benefit of innovation for economic growth in the UK. Accelerating UK Economic Growth nurturing small high-growth potential firms in key market sectors, helping them to become high- growth mid-sized companies with strong productivity and export success. Building on Innovation Excellence throughout the UK, investing locally in areas of strength. Developing Catapults within a national innovation network, to provide access to cutting edge technologies, encourage inward investment and enable technical advances in existing businesses. Working with the Research Community and Across Government to turn scientific excellence into economic impact, and deliver results through innovation. Evolving their Funding Models exploring ways to help public funding go further and work harder, while continuing to deliver impact from innovation.
- 4. Who are Innovate UK? Innovate UK works to a five-point plan to ensure they are maximising the benefit of innovation for economic growth in the UK. Accelerating UK Economic Growth nurturing small high-growth potential firms in key market sectors, helping them to become high- growth mid-sized companies with strong productivity and export success. Building on Innovation Excellence throughout the UK, investing locally in areas of strength. Developing Catapults within a national innovation network, to provide access to cutting edge technologies, encourage inward investment and enable technical advances in existing businesses. Working with the Research Community and Across Government to turn scientific excellence into economic impact, and deliver results through innovation. Evolving their Funding Models exploring ways to help public funding go further and work harder, while continuing to deliver impact from innovation.