Innovate UK drives productivity and growth by supporting businesses to realise the potential of new technologies, develop ideas and make them a commercial success.
Innovate UK is an organisation of around 300 staff, drawn mainly from business. We work across the UK, with a head office in Swindon.
With a strong business focus, we drive growth by working with companies to de-risk, enable and support innovation. To do this, we work to:
- determine which science and technology developments will drive future economic growth
- meet UK innovators with great ideas in the fields we’re focused on
- fund the strongest opportunities
- connect innovators with the right partners they need to succeed
- help our innovators launch, build and grow successful businesses
Since 2007 we have committed over £1.8 billion to innovation, matched by a similar amount in partner and business funding. We have helped 8,000 organisations with projects estimated to add more than £16 billion to the UK economy and create nearly 70,000 jobs.