2. About Innovate UK
The UK’s Innovation Agency: a national body set up in 2007 to invest in
business innovation
Works across business, universities and government
Most staff come from business backgrounds
Has a budget of over £400m/year
• £390m for 2012/13
• £440m for 2013/14
3. What we do
Help strengthen the global competitive position
of leading businesses
Identify and grow sectors and businesses with
the capacity to become the best in the world
Nurture the businesses that can succeed in the
growth sectors of tomorrow
4. Facts and Figures
Invested in ~3000 projects
Working with >4900 companies and 110 universities
>£120m of small business contracts awarded through SBRI
>50,000 businesses on _connect
>9,000 people participated at TSB events
• Every £1 invested returns:
At least £3 for feasibility studies
£9 for Smart awards
Up to £35 for some areas of collaborative CR&D