Kevin O'Malley - Innovate UK

Kevin O'Malley - Innovate UK

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Iain Mansell

March 06, 2019
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  1. 2.

    About Innovate UK - A Non-Departmental Public Body funded by

    the Department of Business, Energy, and Industrial Strategy - Established in 2007 to “accelerate UK economic growth through funding and connecting business-led innovation” - Invested £2.2bn (matched by industry to £3.6bn) - Funded 11,000 projects - Created 70,000 jobs - Generated £7.30 for every £1 invested - Now part of UKRI
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    Your New Regional Manager Ewa Bloch Regional Manager, West Midlands

    tel. 07771372409 ewa.bloch@innovateuk.gov.uk ewa_bloch
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    We Connect - Within and, critically, between sectors - Between

    business and research - With international partners - With international funding programmes - With expertise and support to grow
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    We Fund Challenge Led: Industrial Strategy Challenge Fund Responsive: Smart

    Grants Programme Access to international collaborations and markets: Go Global Skills and Talent: Knowledge Transfer Partnerships Managed Programmes: Procurement, Gov’t, Late-stage Place: SIPF Business Growth: Innovation Loans & Investment Accelerator
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    Single Applicant SMEs only Up to 100% of project costs

    Later stage R&D Loan size £100k to £1m Affordable, flexible and patient Low interest rate 3.7% Flexible & patient Up to 10 years years 10 Innovation Loans
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    Investment Accelerators - Pilot programme designed to accelerate the established

    funding processes - Simultaneous grant funding and venture capital investment for early stage projects - Enable leadership teams to have more time to focus on managing the business rather than continually chasing investment - Enable early stage companies to get direct access to the commercial acumen and market access opportunities private sector equity investors provide - Aiming to provide the runway for later stage capital and equity investment beyond grant funding - Current Call: Immersive technology investment accelerator
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    Industrial Strategy Challenge Fund - Part of the government’s £4.7

    billion increase in research and development over 4 years. - Designed to ensure that research and innovation takes centre stage in the Government’s Industrial Strategy. - Built around the 4 Grand Challenges: - AI and Data Economy: put the UK at the forefront of the artificial intelligence and data revolution - Ageing Society: harness the power of innovation to help meet the needs of an ageing society - Clean Growth: maximise the advantages for UK industry from the global shift to clean growth - Future of Mobility: become a world leader in shaping the future of mobility - Delivered in Waves
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    Wave 1 Challenges (c. £1b) - Leading-Edge Healthcare Challenge -

    Faraday Battery Challenge - Robotics and AI in extreme environments - Next Gen. Affordable Lightweight Materials - Autonomous Vehicles - National Satellite Test Facility
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    Wave 2 Challenges (c. £729.5m) - Audience of the future

    - Data to early diagnosis and precision medicine - Prospering from the energy revolution - Healthy ageing - Next generation services - Quantum technology - Transforming construction - Transforming food production
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    Smart (Open) Grant Funding Programme - Business focused programme which

    must include an SME - Supports research and feasibility, through to testing and development, up to commercialisation - Grants are awarded competitively and – depending on their size and type of project - companies have to provide matched-funding of 30-75%. - Rolling programme, approx. £20m per round - Supports two sizes of project - Projects between 6 and 18 months: total cost between £25,000 and £500,000 - Projects between 19 and 36 months: total cost between £25,000 and £2 million - Closes 24 April 2019 12:00pm
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    What else is open? - Demonstrators addressing cyber security challenges

    in the Internet of Things - UK businesses can apply for a share of up to £6 million for collaborative R&D projects addressing major cyber security challenges in the Internet of Things. - Digital health technology catalyst round 4: collaborative R&D - UK businesses can apply for a share of up to £5 million to develop new digital health solutions. Projects can use the services of the NICE DataLab to help with real world data. This funding is from the Industrial Strategy Challenge Fund. - Ocean plastic solutions investment accelerator: reducing plastic pollution - UK businesses can apply for a share of up to £2 million to develop solutions that tackle the environmental crisis of plastic pollution in the world’s oceans. - APC 12: advancing the UK’s low carbon automotive capability - £20 million of collaborative (match) funding is available for UK-developed late stage R&D, to support growth in advanced low carbon propulsion capability in the automotive sector.
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    Thank you Kevin O’Malley Innovation Lead/ SBRI Lead tel. 07900

    738 022 kevin.omalley@innovateuk.gov.uk kevin_o_malley