Innovate UK is a non-departmental public body established in 2007 and based in Swindon, United Kingdom. Funded by a government grant, it supports innovation in science and technology by providing funding services to businesses across various sectors and regions. The organization aims to drive productivity and economic growth by facilitating advancements that contribute to the UK’s economic landscape. In addition to funding, Innovate UK offers a range of services and information related to business and economic development, thereby fostering a supportive environment for innovation.
Programme Director of Industrial Strategy Challenge Fund
Will Drury
Executive Director, Digital and Technologies
Paul Gadd
Deputy Director
Dr. Tom Jenkins
Deputy Director
Scott James O'Brien
Director, Innovation Finance
Nigel Walker
Deputy Director, Lending and Investor Partnerships
Dave Wilkes
Director of Innovation Ecosystem
Past deals in Electronics
Q5D
Debt Financing in 2025
Q5D is an innovative company that specializes in automating the manufacture and assembly of wiring looms and harnesses across various industrial sectors. By developing advanced laser micromachining technology, Q5D streamlines the intricate process of connecting electrical components. This technology enhances global manufacturing capabilities, particularly in consumer goods, electronics, automotive, aerospace, and robotics. By enabling the direct addition of wires and printed electronics to product surfaces, Q5D improves quality, productivity, and functionality while reducing manufacturing costs. As a result, the company provides its clients with a significant advantage in achieving efficiency, resilience, and sustainability in their operations.
Paragraf
Grant in 2025
Paragraf Ltd. is a UK-based company established in 2015, specializing in the development and production of graphene-based electronic devices and materials. The company employs contamination-free technology to create high-purity graphene products, which are designed to enhance the performance of various electronic applications. Paragraf's innovations include devices for green energy generation, such as solar photovoltaic cells, as well as advanced sensors for monitoring environmental and health-related parameters. These products aim to optimize process and quality control across industries including electronics, energy, healthcare, and agriculture. By leveraging graphene's unique properties, Paragraf seeks to significantly impact the electronics industry and contribute to advancements in automation and disease research.
SmartKem
Grant in 2024
SmartKem Limited is a Manchester-based company that develops and markets organic semiconductors for various display technologies, including liquid crystal and organic light-emitting diode displays. Established in 2008, the company specializes in the design, development, industrialization, and technology transfer of low-temperature, solution-deposited organic semiconductors for use in transistor backplanes. SmartKem's patented TRUFLEX inks enable the production of organic thin-film transistor circuits on low-cost substrates, facilitating applications in mini-LED displays, AMOLED displays, fingerprint sensors, and logic circuits. The company generates revenue through the sale of these inks and demonstration products, contributing to the advancement of a new generation of displays and sensors.
Monumo
Grant in 2024
Monumo is a deeptech engineering company specializing in the development of advanced electric motors. By integrating simulation, machine learning, and artificial intelligence with innovative motor design, Monumo aims to create next-generation electric vehicle motor systems that exceed traditional human capabilities. The company focuses on enhancing the efficiency of energy use globally through its cutting-edge electromagnetic engineering tools. These tools are designed to optimize electric motors to their fundamental limits, leveraging a blend of advanced electronic and mechanical engineering expertise alongside the latest technological advancements. Monumo's efforts contribute to the establishment of a more sustainable future.
Vector Photonics
Grant in 2024
Vector Photonics is a spin-out company from the University of Glasgow, located in Glasgow, Scotland, a notable center for optical and photonics innovation. The company specializes in developing advanced semiconductor laser technology aimed at enhancing data communications and additive manufacturing processes, including metal and plastic printing. Its innovative approach centers on photonic crystal surface-emitting lasers, which are cost-effective and emit light from their top surface, similar to vertical-cavity surface-emitting lasers (VCSELs). This design facilitates easy packaging and integration into printed circuit boards (PCBs) and electronic assemblies, allowing various industries to seamlessly adopt this semiconductor laser technology into their operations.
SleepCogni
Grant in 2024
SleepCogni is focused on developing innovative sleep aid technology that facilitates a personalized wind-down process to enhance sleep quality. The company's device, activated manually, utilizes sensors worn on the user's index finger to monitor key physiological and behavioral indicators, including heart rate, mental alertness, skin temperature, and movement. By employing cognitive behavioral therapy through biofeedback—delivered via visual, auditory, and tactile cues—SleepCogni aims to help users relearn healthy sleep patterns. This approach is designed to assist individuals in overcoming insomnia and improving their overall sleep cycle, offering a tailored solution to address common sleep challenges.
Sprint Electric
Grant in 2024
Sprint Electric specializes in the design and manufacturing of digital motor control solutions, primarily focusing on variable-speed drives for both light and heavy industrial motors. Their product lineup includes the pl/x series, jl/x series, pl/xd series, and open chassis-mount direct current drives, as well as various ancillary items. The company is committed to providing customer support through email and phone channels, ensuring that clients receive assistance as needed.
Q5D
Grant in 2024
Q5D is an innovative company that specializes in automating the manufacture and assembly of wiring looms and harnesses across various industrial sectors. By developing advanced laser micromachining technology, Q5D streamlines the intricate process of connecting electrical components. This technology enhances global manufacturing capabilities, particularly in consumer goods, electronics, automotive, aerospace, and robotics. By enabling the direct addition of wires and printed electronics to product surfaces, Q5D improves quality, productivity, and functionality while reducing manufacturing costs. As a result, the company provides its clients with a significant advantage in achieving efficiency, resilience, and sustainability in their operations.
Optrical
Grant in 2024
Optrical Limited, founded in 2016 and headquartered in Rotherham, United Kingdom, specializes in the development and manufacturing of micro-optic elements. The company focuses on producing advanced micro-optic film products, primarily for LED and OLED lighting applications, as well as for optical anti-counterfeiting and traceability solutions. Their flagship products include Illumax, which enhances light extraction and management in lighting systems, and Authntrace, designed to provide authentication and traceability features. Optrical utilizes innovative designs and custom UV materials to create printed microstructures that effectively manipulate light, catering to various client needs in the optical sector.
Nexam Chemical Holding
Grant in 2023
Nexam Chemical is a Sweden-based company that specializes in the development of innovative solutions to enhance the properties and performance of various polymers. The company produces heat-activated cross linkers that improve temperature resistance and strength in polymer components, allowing for the lightweighting of products, the replacement of more expensive materials, and the optimization of existing resources. Nexam Chemical's technology supports a wide range of industries, including aerospace, electronics, and engineered foams, by providing cost-efficient solutions. Additionally, the company enables recycled polymers to regain their performance capabilities, contributing to sustainability in materials usage. Its product lines include NEXIMID cross linkers for polyimides and NEXAMITE cross linkers for various other polymers such as polyethylene and polypropylene.
KAMIM Technologies
Pre Seed Round in 2023
KAMIM Technologies is a leading EPC (Engineering, Procurement, and Construction) company. We specialize in crafting tailored engineering & solar energy solutions for residential, commercial, and industrial sectors. Beyond conventional solar solutions, we emphasize creating solar-powered systems, especially for the agricultural sector. Our innovative products such as solar-powered cold rooms, irrigation systems, and driers aim to revolutionize agricultural productivity and sustainability. We were founded by members with over 40 years of combined industry experience.
Dycotec Materials
Grant in 2023
Dycotec Materials is a manufacturer specializing in advanced materials for the aerospace and automotive industries, focusing on insulator, dielectric, and overcoat inks and films. The company produces conductive, insulator, and barrier layer inks and coatings, catering to a wide array of electronics and clean technology applications. In addition to its manufacturing capabilities, Dycotec Materials provides expertise in electronics design and software development, guiding clients from the prototype stage to product release. This comprehensive approach enables customers to obtain customized materials suitable for diverse applications.
Kubos Semiconductors
Grant in 2023
Kubos Semiconductors Ltd, established in 2017 and based in Cambridge, United Kingdom, specializes in the development and commercialization of cubic gallium nitride (GaN) technology for the LED manufacturing industry. The company focuses on producing high-efficiency, low-cost semiconductors that enable the creation of green light-emitting diode stacks. By utilizing exclusive licenses for cubic growth and silicon substrates, Kubos Semiconductors aims to enhance energy savings for its clients while reducing production costs. Its innovative approach positions the company as a key player in advancing LED technology through the application of its intellectual property.
Skylark Lasers
Grant in 2023
Skylark Lasers is a photonics company that specializes in the development and production of continuous wave (CW) single frequency diode-pumped solid-state (DPSS) lasers. Utilizing its proprietary BRaMMS Technology® platform, the company offers lasers known for their exceptional spectral performance and high output power. Skylark Lasers serves a diverse clientele across various industrial and scientific fields, providing solutions for applications such as microchip inspection, quantum sensing, metrology, avionics, wind power generation, defense, financial data servers, and biomedical research. The compact design of Skylark's NX lasers enables customers to reveal the unseen, detect the invisible, and measure the unknown effectively.
Mymanu
Grant in 2023
Mymanu is a pioneering manufacturer of consumer audio electronics and software, specializing in innovative, language-translation enabled devices. Their product range includes translation earbuds, conference speakers, magnetic charging cables, and flat speakers, facilitating real-time translation in multiple languages. This empowers travelers, businesses, and humanitarian organizations to connect and communicate effectively across linguistic barriers.
Lightricity
Grant in 2023
Lightricity’s mission is to enable a scalable and sustainable IoT by providing the world’s highest efficiency light energy harvesting technology and battery free IoT devices. Lightricity has unique indoor PV technology that is up to 6 x more efficient than the nearest commercially available competition under low light levels. This is available as PV component technology that enables powering of devices not previously possible or the reduction of the area of PV used on very small wireless devices. It is also available in our own battery free PV powered IoT tracker and sensor devices. Our technology enables IoT to really scale efficiently.
Silveray
Seed Round in 2022
Silveray specializes in the development of affordable large-area direct conversion detectors for the X-ray imaging market. The company employs advanced technology that utilizes nanoparticle-based X-ray conversion materials, produced as semiconductor ink, which are then deposited onto a pixel backplane. This innovative approach enables high-performance X-ray imaging and generates an electrical current in response to detected X-ray photons. By focusing on sustainability and cost-effectiveness, Silveray aims to enhance imaging capabilities for healthcare and various industries.
Paragraf
Grant in 2022
Paragraf Ltd. is a UK-based company established in 2015, specializing in the development and production of graphene-based electronic devices and materials. The company employs contamination-free technology to create high-purity graphene products, which are designed to enhance the performance of various electronic applications. Paragraf's innovations include devices for green energy generation, such as solar photovoltaic cells, as well as advanced sensors for monitoring environmental and health-related parameters. These products aim to optimize process and quality control across industries including electronics, energy, healthcare, and agriculture. By leveraging graphene's unique properties, Paragraf seeks to significantly impact the electronics industry and contribute to advancements in automation and disease research.
SleepCogni
Debt Financing in 2021
SleepCogni is focused on developing innovative sleep aid technology that facilitates a personalized wind-down process to enhance sleep quality. The company's device, activated manually, utilizes sensors worn on the user's index finger to monitor key physiological and behavioral indicators, including heart rate, mental alertness, skin temperature, and movement. By employing cognitive behavioral therapy through biofeedback—delivered via visual, auditory, and tactile cues—SleepCogni aims to help users relearn healthy sleep patterns. This approach is designed to assist individuals in overcoming insomnia and improving their overall sleep cycle, offering a tailored solution to address common sleep challenges.
Lightricity
Grant in 2021
Lightricity’s mission is to enable a scalable and sustainable IoT by providing the world’s highest efficiency light energy harvesting technology and battery free IoT devices. Lightricity has unique indoor PV technology that is up to 6 x more efficient than the nearest commercially available competition under low light levels. This is available as PV component technology that enables powering of devices not previously possible or the reduction of the area of PV used on very small wireless devices. It is also available in our own battery free PV powered IoT tracker and sensor devices. Our technology enables IoT to really scale efficiently.
Potenza Technology
Grant in 2021
Potenza Technology Limited, established in 1999 and based in Warwickshire, United Kingdom, specializes in the design and development of electric and hybrid powertrain systems. As a subsidiary of FPT Industrial S.p.A., the company focuses on low and zero-emission technology, offering expertise in battery management systems, systems integration and control, and safety engineering. Potenza Technology designs and manufactures prototype and low-volume high-energy density lithium battery packs, providing clients with a comprehensive range of electronics systems tailored for automotive applications, including body systems and powertrain control.
Light Science Technologies Holdings
Grant in 2021
Light Science Technologies Holdings specializes in the development and manufacturing of electronic boards and lighting technology tailored for the Controlled Environment Agriculture (CEA) sector. The company is dedicated to providing innovative solutions that enhance plant monitoring and improve cultivation efficiency, enabling growers to maximize their yields while minimizing resource use. Its primary revenue stream comes from the Contract Electronics Manufacturing segment, where it applies its expertise to support various agricultural applications. Through its focus on research-proven methodologies, Light Science Technologies aims to advance agricultural practices and support sustainable growth within the industry.
Cambridge Vacuum Engineering
Grant in 2020
CVE designs and builds process solutions and has more than 60 years experience manufacturing Electron Beam (EB) systems and Vacuum Furnaces (VF’s) from its base in Cambridge UK. CVE’s range of equipment includes systems ranging from 50 to 200 kV with beam powers up to 100 kW. Professional engineering skills are applied to customer requirements resulting in innovative solutions to technical problems. The company's skilled workforce, experienced engineering department and extensive service team are backed up with a range of in-house test and diagnostic facilities. CVE offers true global coverage from itssales and service centres in the UK and worldwide. Cambridge Vacuum Engineering's roots begin in the late 1950's in Cambridge, England with the founding of Torvac, a company specialising in the manufacture of Electron Beam Welders and Vacuum Furnaces. A break-a-way group formed Wentgate Engineers in the mid 1960's and for many years the two companies traded in competition. Torvac purchased the Hawker Siddley Dynamics "Dynaweld" technology, which added 150kV welders to their range.
Warwick Acoustics
Grant in 2020
Warwick Acoustics, established in 2002 and headquartered in Nuneaton, UK, specialises in the development and manufacture of high-resolution audio systems. The company's patented High Precision Electrostatic Laminate (HPEL) technology enables it to produce ultra-thin, lightweight speakers that deliver audiophile-quality sound across a broader bandwidth than traditional speakers, while being more environmentally friendly due to their recyclable materials. Warwick Acoustics focuses on creating exceptional personal audio experiences, with a particular emphasis on the automotive sector, aiming to revolutionise in-car audio, especially within electric vehicles.
Evince
Venture Round in 2020
Evince Technology is a UK-based start-up focused on developing innovative electron devices for various industries, including metrology, healthcare, communications, and advanced manufacturing. The company has created a new type of solid-state switch that aims to transform the high-frequency electronics sector. Its technology leverages synthetic diamonds to enhance the performance of these devices through thermionic valves, which utilize the exceptional thermal and electronic properties of diamonds. This advancement positions Evince as a key player in providing efficient solutions for effective electrical energy control, catering to the needs of developers and manufacturing partners.
Evince
Grant in 2020
Evince Technology is a UK-based start-up focused on developing innovative electron devices for various industries, including metrology, healthcare, communications, and advanced manufacturing. The company has created a new type of solid-state switch that aims to transform the high-frequency electronics sector. Its technology leverages synthetic diamonds to enhance the performance of these devices through thermionic valves, which utilize the exceptional thermal and electronic properties of diamonds. This advancement positions Evince as a key player in providing efficient solutions for effective electrical energy control, catering to the needs of developers and manufacturing partners.
Spectrum Logic
Grant in 2020
Spectrum Logic is an innovator and manufacturer of detection and imaging products using CMOS image sensors. We develop custom detectors for X-ray, electron beam, near infrared and ultraviolet imaging with experience in wafer scale CMOS image sensors (50 μm to 150 μm pixel pitch), sCMOS and NIR sensors.
Circada
Grant in 2020
Circada's unique lighting controls improve health and well-being. This consists of an adapter that connects to existing tuneable white LED drivers and is simple to retrofit without the need for complex commissioning, with a standard light switch serving as its interface. We can provide additional configuration prior to installation if necessary for a specific project in order to match the lighting specification, once again providing advanced circadian lighting that is plug-and-play and commission free.
Corrosion RADAR
Seed Round in 2018
CorrosionRADAR Ltd, established in 2017 and headquartered in Cambridge, UK, specializes in developing and implementing advanced corrosion monitoring systems. The company's core technology involves patent-pending distributed sensing, combined with Industrial Internet of Things (IIoT) and sophisticated analytics, enabling predictive corrosion management. CorrosionRADAR serves a broad range of industries, including oil and gas, power and utilities, industrial manufacturing, and civil infrastructure, offering solutions for refineries, offshore and onshore rigs, power plants, pipelines, and structures. By detecting and predicting hidden corrosion, the company helps clients maintain safety, reliability, and cost-effectiveness in their operations.
Transmission Dynamics
Venture Round in 2018
Transmission Dynamics is an industrial internet of things solutions provider. They provide remote condition monitoring services. They provide engineering consulting, gear alignment, transducer development, strain gauge installation, and gear microgeometry optimization services. Their products include digital telemetry system, radio microscopy, and building vibration monitoring system.
Corrosion RADAR
Grant in 2018
CorrosionRADAR Ltd, established in 2017 and headquartered in Cambridge, UK, specializes in developing and implementing advanced corrosion monitoring systems. The company's core technology involves patent-pending distributed sensing, combined with Industrial Internet of Things (IIoT) and sophisticated analytics, enabling predictive corrosion management. CorrosionRADAR serves a broad range of industries, including oil and gas, power and utilities, industrial manufacturing, and civil infrastructure, offering solutions for refineries, offshore and onshore rigs, power plants, pipelines, and structures. By detecting and predicting hidden corrosion, the company helps clients maintain safety, reliability, and cost-effectiveness in their operations.
Irresistible Materials
Grant in 2018
Irresistible Materials Ltd is a materials technology company based in Swansea, United Kingdom, specializing in the development and commercialization of fullerene-based photoresist technology for lithography applications. Established in 2010 as a spin-out from the University of Birmingham, the company collaborates with partners such as Nano-C Inc to advance novel materials aimed at the next generation of microchips. Irresistible Materials has built a robust patent portfolio that includes innovative resist materials for extreme ultraviolet (EUV) and e-beam lithography, as well as hard-mask materials. By focusing on fullerene as an alternative to traditional polymer-based photoresists, the company aims to support the semiconductor industry’s needs for increasingly smaller microchip feature sizes. Through ongoing collaboration with the University of Birmingham and a growing network of global partners, Irresistible Materials continues to enhance and expand its materials portfolio.
Corrosion RADAR
Seed Round in 2018
CorrosionRADAR Ltd, established in 2017 and headquartered in Cambridge, UK, specializes in developing and implementing advanced corrosion monitoring systems. The company's core technology involves patent-pending distributed sensing, combined with Industrial Internet of Things (IIoT) and sophisticated analytics, enabling predictive corrosion management. CorrosionRADAR serves a broad range of industries, including oil and gas, power and utilities, industrial manufacturing, and civil infrastructure, offering solutions for refineries, offshore and onshore rigs, power plants, pipelines, and structures. By detecting and predicting hidden corrosion, the company helps clients maintain safety, reliability, and cost-effectiveness in their operations.
Corrosion RADAR
Grant in 2017
CorrosionRADAR Ltd, established in 2017 and headquartered in Cambridge, UK, specializes in developing and implementing advanced corrosion monitoring systems. The company's core technology involves patent-pending distributed sensing, combined with Industrial Internet of Things (IIoT) and sophisticated analytics, enabling predictive corrosion management. CorrosionRADAR serves a broad range of industries, including oil and gas, power and utilities, industrial manufacturing, and civil infrastructure, offering solutions for refineries, offshore and onshore rigs, power plants, pipelines, and structures. By detecting and predicting hidden corrosion, the company helps clients maintain safety, reliability, and cost-effectiveness in their operations.
Trameto
Grant in 2017
Trameto Ltd. is a manufacturer based in Swansea, United Kingdom, specializing in power management integrated circuits (PMICs) designed to eliminate battery dependency in ultra-low-power systems. Founded in 2016, the company develops intelligent and ultra-efficient power management devices that facilitate micro energy harvesting. These innovations enable the creation of self-sustaining autonomous wireless devices, particularly for Internet of Things applications. Trameto's technology provides an effective and economical solution for customers looking to integrate energy harvesting into their wireless devices, thereby advancing the capabilities and sustainability of IoT systems.
SleepCogni
Grant in 2017
SleepCogni is focused on developing innovative sleep aid technology that facilitates a personalized wind-down process to enhance sleep quality. The company's device, activated manually, utilizes sensors worn on the user's index finger to monitor key physiological and behavioral indicators, including heart rate, mental alertness, skin temperature, and movement. By employing cognitive behavioral therapy through biofeedback—delivered via visual, auditory, and tactile cues—SleepCogni aims to help users relearn healthy sleep patterns. This approach is designed to assist individuals in overcoming insomnia and improving their overall sleep cycle, offering a tailored solution to address common sleep challenges.
Inductosense
Grant in 2015
Inductosense Ltd specializes in the manufacture of wireless, battery-free sensors that detect cracks, corrosion, and defects in various structures and products. Founded in 2015 and based in Bristol, United Kingdom, the company has developed the Wireless And Non Destructive (WAND) Evaluation System, which includes a handheld measurement probe and a set of sensors that can be permanently attached to surfaces. These sensors operate under coatings, insulation, or repairs, allowing for efficient and non-invasive inspections. Additionally, Inductosense offers TRND systems designed for monitoring internal corrosion and erosion in pipework and vessels. Their technology facilitates fast, repeatable inspections and enables clients to gather consistent data on structural integrity over time, making it valuable for applications in large structures and composite repairs.
Cella Energy
Grant in 2013
Cella Energy Limited is an advanced materials and technologies company based in Didcot, United Kingdom, with additional offices and a laboratory in Florida. Founded in 2011, it specializes in developing and producing hydrogen storage materials capable of storing significant amounts of hydrogen per gram, facilitating transportation at room temperature. The company offers a range of products, including smaller-scale tray-type and industrial-scale freeze-drying facilities, flowable pellets, static and cartridge systems, and flowing pellet systems. Cella Energy serves various applications across low, medium, and high power sectors, including unmanned aerial vehicles, lower-emission diesel vehicles, and zero-emission vehicles. Additionally, it provides military power solutions for unmanned systems and radiation shielding materials designed to protect satellites from harmful radiation, thereby extending their operational lifespan.
Cella Energy
Grant in 2013
Cella Energy Limited is an advanced materials and technologies company based in Didcot, United Kingdom, with additional offices and a laboratory in Florida. Founded in 2011, it specializes in developing and producing hydrogen storage materials capable of storing significant amounts of hydrogen per gram, facilitating transportation at room temperature. The company offers a range of products, including smaller-scale tray-type and industrial-scale freeze-drying facilities, flowable pellets, static and cartridge systems, and flowing pellet systems. Cella Energy serves various applications across low, medium, and high power sectors, including unmanned aerial vehicles, lower-emission diesel vehicles, and zero-emission vehicles. Additionally, it provides military power solutions for unmanned systems and radiation shielding materials designed to protect satellites from harmful radiation, thereby extending their operational lifespan.
Diamond Microwave Devices
Grant in 2009
Diamond Microwave Devices Ltd. specializes in the development of semiconductor devices utilizing chemical vapor deposition (CVD) diamond technology. Founded in 2006 and headquartered in Leeds, United Kingdom, the company focuses on creating devices that serve both civil and defense sectors, specifically for microwave power amplifier and transmitter applications. As a subsidiary of Element Six (Pty) Ltd., Diamond Microwave Devices aims to advance the performance and efficiency of microwave technologies through innovative diamond-based solutions.
Magnetic Systems Technology
Magtec designs and manufactures electric drive systems and components for all vehicle types. Magtec routinely undertakes the electric system installation design including all interfaces with the existing vehicle systems to meet the required EMC and safety standards. This will normally include the vehicle control system software development including CAN network interfaces and bridges. The company will work with a customer’s design team to develop the mechanical installation of the drive system into a vehicle. Magtec will also undertake the complete mechanical installation design if requested. Magtec has a highly skilled service department which together with our remote diagnostic tools allows us to provide after sales service and support worldwide. Magtec will also provide training to vehicle fleet operators or vehicle OEM's service agents as required.
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