Innovate UK

Dr Karen Spink, Head of Medicines at Innovate UK, has written an article about the importance of putting the child first when creating future life-changing cancer therapies. She outlines some of the reasons why relatively little research and investment are focused on this field of medicine, as well as some of the reasons to be optimistic about the future. The article references the work carried out with venture creation specialists Deep Science Ventures to explore the landscape of therapeutic approaches in paediatric oncology. The resulting white paper Revolutionising Paediatric Cancer Treatment, launched in February 2024, highlights opportunities with significant potential to attract the investment needed to deliver transformative therapies for children with cancer. Read the article here - https://ow.ly/pfnT50TCif6 #ChildhoodCancer #Innovation #PaediatricOncology #CancerImmunotherapy #CancerResearch #CancerVaccine #ImmunoOncology #CancerTherapeutics

Propelling businesses to grow and scale📈 Hear Ian Howarth, CEO of Cyclops Marine explain how it has been aided by Innovate UK Business Growth to achieve its ambition of being the global industry standard in load sensing marine applications. By working with its innovation & growth specialist on a 1:1 basis, Cyclops Marine has: - Improved its IP strategy 📝 - Expanded into new markets 🔎 - Strengthened its team with two UK graduates 🎓 Hear more about Cyclops Marine's journey with Innovate UK Business Growth here: https://ow.ly/KSgk50TAWQg

Today marks significant milestones for Innovate UK. Dr. Stella Peace assumes leadership and continues to build on our strong partnership with Enterprise Singapore by signing a new 3-year Memorandum of Understanding (MoU) with Ms Cindy Khoo, Managing Director of Enterprise Singapore, at Digital Catapult in London. This MoU, witnessed by Singapore’s Deputy Prime Minister, Mr Heng Swee Keat, and Catherine West MP, Parliamentary Under-Secretary of State at the Foreign, Commonwealth and Development Office, reaffirms our commitment to driving innovation and business success between the UK and Singapore. 🇬🇧🤝🇸🇬 Since our last MoU in 2021, we’ve achieved incredible results, including: - Supporting 42 UK-Singapore collaborative R&D projects, representing around £30 million in joint funding across key technology areas. - Assisting over 150 UK SMEs to explore opportunities in Singapore and connect with collaborative partners through our Global Business Innovation Programmes, Global Incubator Programmes, and Global Explorers Programme. Demand for collaboration remains high. Our programmes continue to be popular showcasing the vast potential for UK businesses and research organisations in Singapore to work together to drive economic growth. This MoU opens exciting opportunities for future collaboration in cutting-edge technologies such as semiconductors, quantum technology, and AI. Innovate UK values our deep partnership with Enterprise Singapore, and we look forward to driving further innovation and impact together over the next three years to 2027. Learn more about Innovate UK’s global collaborations and more: https://ow.ly/aNNC50TA8WN David Golding | David Campbell-Molloy | Vanessa Azizuddin | Susan Bowen | Phil Y. | Jessica R. | Bernice Tay | Alan Yeo | Yikai Yao | Phil Teoh | Preeteashwari Jeyaseelan #Innovation #GlobalCollaboration #AI #QuantumTechnology #Semiconductors

We are excited to announce that Innovate UK, part of UK Research and Innovation has invested £11.5 million across sixteen innovative projects to build on the UK’s strengths in semiconductors, grow the sector, increase our resilience and protect our security. The new investment aims to: - scale up semiconductor manufacturing within the UK - improve supply chain resilience within the UK - establish innovations and new manufacturing techniques - expand capability or performance of existing manufacturing techniques - encourage relationships between product designers and manufacturers to develop new manufacturing techniques or expanding capability - encourage new collaborations across industry and academia Find out more about the funded projects here - https://ow.ly/PcVW50TA58I

We are pleased to announce that Innovate UK has awarded £3.5 million to nine groundbreaking projects as part of the CLIMATES (Circular critical materials supply chains) programme, led by Innovate UK. 🎉 These projects will explore innovative ways to secure the UK’s supply chain of critical Rare Earth Elements (REEs) — vital components for green technologies like electric vehicles and wind turbines. 🚗🔋 From extracting rare minerals from volcanic tuffs to recovering valuable elements from mining waste, each partnership is paving the way for a more sustainable and resilient supply chain. These pioneering efforts will help reduce reliance on imports, drive green innovation, and ultimately support the UK’s journey to Net Zero. 🌱 💬 “Rare earth elements play a crucial role in advanced manufacturing, including electric vehicles and wind turbines, so its excellent news that the CLIMATES fund is continuing to leverage our world-leading expertise in R&D and making supply chains more resilient.” — Sarah Jones MP, Minister for Industry. 🔗 Read the full press release to learn more about how these projects are shaping the future of sustainable manufacturing in the UK: https://ow.ly/PgLC50TzNx0

Earlier this month, Indro Mukerjee, CEO of Innovate UK, joined Dr Louise Wood CBE FMedSci, Professor Malcolm Skingle CBE FMedSci, and Professor (Vijay) K VijayRaghavan as they were formally admitted as Honorary Fellows of The Academy of Medical Sciences. This prestigious milestone is a testament to their outstanding contributions to science and leadership. We are proud to see Indro's leadership and contributions to innovation recognised among such distinguished peers. Congratulations to all. At Innovate UK, we remain committed to supporting business innovation in life sciences, driving progress towards longer, healthier lives. Learn more about Innovate UK’s health sector: https://ow.ly/YpVl50Tz4w8 #Leadership #Innovation #HonoraryFellow #STEM #LifeSciences

Today, our CEO Indro Mukerjee hands over to Dr. Stella Peace who takes over leadership of Innovate UK. Over the last 3.5 years, Indro has actively shaped this system of Innovate UK, Innovate UK Business Connect, the Innovate UK Catapult network and our Business Growth services, to create even greater impact and growth for UK businesses, innovators and investors. As an organisation, we always balance doing the best for business with a strong sense of respect for the public money we spend. Reflecting on his time, Indro shared: "Over the past 3.5 years of leading Innovate UK, I’ve had the privilege of meeting many remarkable people, from founders and innovators to local and national leaders and our own people, whose passion and creativity have not only shaped our work but have also inspired me personally. Their drive for change has continually strengthened my belief in the power of innovation. I’m so grateful for having had the opportunity to lead this incredible organisation and play my part in shaping the kind of economy and broader society we all want and need." Examples of Innovate UK’s work can be found here: https://lnkd.in/djGFXr47 Indro’s work has been widely recognised by stakeholders, employees and by our business networks as having transformed the organisation, and we know that he will continue being a strong voice for UK business, inclusive innovation and missions for growth in the future. Dr Stella Peace, incoming leader, said: "I’m pleased to take on this role, building on the progress and many achievements of Indro’s leadership. Innovate UK will continue working with others in driving growth and creating opportunities for businesses, innovators, places and communities across the country driving new opportunities and growth.” We’d like to thank Indro for his leadership and take this opportunity to publicly wish him all the best for his future.

⚡ The UK’s electric vehicle battery sector has been supercharged by record levels of venture capital investment ⚡ A new report commissioned by UK Research and Innovation's Faraday Battery Challenge, delivered by Innovate UK and produced by Dealroom.co shows that UK-based electrical vehicle (EV) battery start-ups have raised $2.7 billion in funds from venture capital (VC) investments since 2018. This makes the UK the fourth largest recipient of VC investment in EV batteries in the past five years, following the US, China and Sweden. Faraday Battery Challenge-funded UK EV battery start-ups have raised $1 billion in VC investment since 2018 – those 52 UK battery startups supported by the Faraday Battery Challenge are also valued at over $2 billion. To learn more about the financial strength of the UK EV battery sector, read the full report here: https://ow.ly/qWxe50TyCbN #FaradayBatteryChallenge #VC #EV #Investment

Accelerating innovative UK businesses on their growth trajectory 🚀 Kubos Semiconductors is transforming the LED sector with its pioneering innovation that will transform the performance of products using microLEDs. Its journey has accelerated with help from its Innovate UK innovation & growth specialist, who has supported it with its pitch deck, intellectual property, international expansion and partnership building. Hear more about why CEO Caroline O'Brien describes Innovate UK's support as 'invaluable' 👉 https://ow.ly/jMEe50TxcqK #BusinessGrowth #Funding&Finance #Cambridge

A post from Indro Mukerjee, CEO Innovate UK At Innovate UK, we firmly believe that better representation and inclusion are fundamental elements of the economy and society we want……and need. Inclusivity makes human sense, and also it makes economic sense. We know this as people, and we know this through research and data. A strong innovation-led economy needs the strongest possible pipeline of talent and skills, and better representation and inclusion are essential for this. Read the full article below: