Innovate UK

Founded in 2007, Innovate UK is a non-profit organization based in Swindon, UK. It supports businesses across various economic sectors by offering funding services to promote science and technology innovations.

Mike Biddle

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

Past deals in Industrial Machinery

GScan

Grant in 2024
GScan pioneers safe, accurate, and automatic 'x-ray' technology using cosmic muons. Its MuonFLUX product scans deep into reinforced concrete, enhancing infrastructure safety, longevity, and sustainability. GScan's innovative solution aims to prevent bridge collapses, extend infrastructure lifespan, reduce maintenance costs, and decarbonize the concrete industry.

EcoDuct

Grant in 2024
EcoDuct is a cutting-edge, high-performance non-metallic pre-insulated HVAC ductwork system that saves energy, decreases installation time and costs, minimizes environmental effect, and provides pure, uncontaminated air. EcoDuct is the only pre-insulated ductwork system that comes in a variety of shapes and sizes, including circular, flat oval, square, and rectangular, as well as accessories like FCU plenums and grille boxes, and is built sustainably in the UK using cutting-edge production technology. EcoDuct is appropriate for all indoor and outdoor insulated ducting applications, including new construction, retrofits, and modular structures.

Pipeline Organics

Grant in 2024
Pipeline Organics is an early-stage cleantech company developing higher efficiency biofuel cells. These cells generate clean, continuous renewable electricity from wastewater, harnessing its untapped chemical potential to meet industrial power demands while reducing energy costs and offsetting carbon emissions.

Sprint Electric

Grant in 2024
Sprint Electric specializes in the design and manufacture of digital motor control solutions, focusing on variable-speed drives for both light and heavy industrial motors. The company’s product lineup includes the pl/x series, jl/x series, pl/xd series, as well as enclosed and open chassis-mount direct current drives. In addition to its diverse range of motor control products, Sprint Electric provides customer support through email and phone to assist clients with their needs.

IVY TECH

Grant in 2024
IVY TECH Ltd is a multidisciplinary research and innovation company focusing on pushing the boundaries by enabling the technologies to make the fourth-industrial revolution a reality. Vison – Empowering and revolutionising organisations to be the global leaders in engineering and technology. Mission - Assisting organisations by providing cutting-edge solutions to compete in the global market.

IVY TECH

Grant in 2024
IVY TECH Ltd is a multidisciplinary research and innovation company focusing on pushing the boundaries by enabling the technologies to make the fourth-industrial revolution a reality. Vison – Empowering and revolutionising organisations to be the global leaders in engineering and technology. Mission - Assisting organisations by providing cutting-edge solutions to compete in the global market.

Ultima Forma

Grant in 2024
Ultima Forma, based in the UK, is a pioneering manufacturer focused on developing advanced metallic engineering components. The company specializes in creating intricate, lightweight, high-strength parts featuring tailored nanoengineered characteristics across multiple materials. Their innovative process enables them to produce complex 3D structures with locally optimized properties, offering versatile solutions for various industries.

Industrial Robotic Solutions

Grant in 2024
Industrial Robotic Solutions creates a robotic selecting and placement solution that automatically deposits fresh ingredients into industrially manufactured sandwiches.

Rivelin Robotics

Grant in 2024
Rivelin Robotics specializes in the development of autonomous robotic systems focused on metal additive manufacturing post-processing. The company's flagship technology, NetShape®, empowers robots to autonomously cut, grind, and polish metal, significantly enhancing efficiency and safety in manufacturing environments. By incorporating advanced sensors and innovative processing techniques, Rivelin's robots offer increased dexterity and versatility, allowing manufacturers to streamline operations while minimizing costs. This technology not only improves productivity but also aims to ensure a safer working environment for employees by reducing the drudgery and hazards associated with traditional metalworking processes.

Scintam Engineering

Seed Round in 2023
Scintam Engineering specializes in developing innovative tooling platforms designed to enhance maintenance process efficiency and safety. Their platform offers services that minimize damage rates during disassembly, preserving threads and coatings, and improves reliability across various industries.

Additive Manufacturing Solutions

Seed Round in 2023
Additive Manufacturing (AM) refers to the entire process chain involved in selectively adding material and generating three-dimensional shapes. Because of this, AM is frequently referred to as 3D printing.

Futraheat

Grant in 2023
Futraheat is an innovative company focused on developing high-temperature heat pump technology, specifically its TurboClaw system, aimed at facilitating the decarbonization of industrial heat processes. By providing cost-effective solutions, Futraheat enables a practical transition for various industries, including pharmaceuticals and food production, to shift from fossil fuel dependence to a zero-carbon alternative. The company's technology harnesses renewable electricity to deliver sustainable heating solutions, thereby contributing to the broader goal of reducing carbon emissions in industrial applications.

New Motion Labs

Debt Financing in 2023
New Motion Labs is a United Kingdom based mechanical engineering technology company that licenses its intellectual property related to sprocket tooth profiles. The company develops patented sprocket designs, notably the Enduo profile, that enable dual-point engagement on both sides of a sprocket tooth and aim to improve power transfer in chain drive systems. The technology is designed to extend wear life, reduce energy losses, and is retrofittable to existing chain-drive setups for cycling, e-mobility, and industrial equipment. Through licensing, New Motion Labs partners with sprocket manufacturers to integrate the profile into various applications, offering a pathway to longer-lasting drives and improved efficiency without requiring complete system overhauls.

Rivelin Robotics

Grant in 2023
Rivelin Robotics specializes in the development of autonomous robotic systems focused on metal additive manufacturing post-processing. The company's flagship technology, NetShape®, empowers robots to autonomously cut, grind, and polish metal, significantly enhancing efficiency and safety in manufacturing environments. By incorporating advanced sensors and innovative processing techniques, Rivelin's robots offer increased dexterity and versatility, allowing manufacturers to streamline operations while minimizing costs. This technology not only improves productivity but also aims to ensure a safer working environment for employees by reducing the drudgery and hazards associated with traditional metalworking processes.

IVY TECH

Grant in 2023
IVY TECH Ltd is a multidisciplinary research and innovation company focusing on pushing the boundaries by enabling the technologies to make the fourth-industrial revolution a reality. Vison – Empowering and revolutionising organisations to be the global leaders in engineering and technology. Mission - Assisting organisations by providing cutting-edge solutions to compete in the global market.

Dynex Semiconductor

Grant in 2023
Dynex Power Inc., through its subsidiary Dynex Semiconductor Limited, specializes in the design, manufacture, and sale of industrial power equipment globally. The company offers a range of products, including high power bipolar discrete semiconductors, insulated gate bipolar transistor (IGBT) modules, and high power electronic assemblies. These products serve various sectors such as railway propulsion, industrial electric power transmission, renewable energy, heavy industries, factory automation, marine propulsion, aerospace systems, and electric vehicles. Founded in 1956 and headquartered in Kanata, Canada, Dynex operates a facility in Lincoln, England, which houses integrated operations for silicon fabrication, assembly, testing, and product development. The company is primarily owned by Zhuzhou CRRC Times Electric Co., Ltd.

Scintam Engineering

Grant in 2022
Scintam Engineering specializes in developing innovative tooling platforms designed to enhance maintenance process efficiency and safety. Their platform offers services that minimize damage rates during disassembly, preserving threads and coatings, and improves reliability across various industries.

Dynex Semiconductor

Grant in 2022
Dynex Power Inc., through its subsidiary Dynex Semiconductor Limited, specializes in the design, manufacture, and sale of industrial power equipment globally. The company offers a range of products, including high power bipolar discrete semiconductors, insulated gate bipolar transistor (IGBT) modules, and high power electronic assemblies. These products serve various sectors such as railway propulsion, industrial electric power transmission, renewable energy, heavy industries, factory automation, marine propulsion, aerospace systems, and electric vehicles. Founded in 1956 and headquartered in Kanata, Canada, Dynex operates a facility in Lincoln, England, which houses integrated operations for silicon fabrication, assembly, testing, and product development. The company is primarily owned by Zhuzhou CRRC Times Electric Co., Ltd.

IVY TECH

Grant in 2021
IVY TECH Ltd is a multidisciplinary research and innovation company focusing on pushing the boundaries by enabling the technologies to make the fourth-industrial revolution a reality. Vison – Empowering and revolutionising organisations to be the global leaders in engineering and technology. Mission - Assisting organisations by providing cutting-edge solutions to compete in the global market.

Big Atom

Grant in 2021
Big Atom is a recycling technology company focused on creating a circular economy for polymer materials and waste, particularly waste tyres. The company offers comprehensive recycling solutions that cater to the entire waste tyre supply chain, including local garages and tyre wholesalers. Big Atom collects used tyres and processes them by shredding and granulating, transforming them into rubber granules that can be repurposed as raw materials. This process not only helps industries convert waste into valuable resources but also contributes to environmental sustainability by reducing the impact of waste on the ecosystem.

Rivelin Robotics

Grant in 2021
Rivelin Robotics specializes in the development of autonomous robotic systems focused on metal additive manufacturing post-processing. The company's flagship technology, NetShape®, empowers robots to autonomously cut, grind, and polish metal, significantly enhancing efficiency and safety in manufacturing environments. By incorporating advanced sensors and innovative processing techniques, Rivelin's robots offer increased dexterity and versatility, allowing manufacturers to streamline operations while minimizing costs. This technology not only improves productivity but also aims to ensure a safer working environment for employees by reducing the drudgery and hazards associated with traditional metalworking processes.

Meritor

Grant in 2021
Meritor, Inc. is a manufacturer of integrated systems, modules, and components tailored for the commercial vehicle and industrial markets. Established in 1909 and headquartered in Troy, Michigan, the company specializes in drivetrain, mobility, braking, and suspension solutions for various applications, including medium- and heavy-duty trucks, trailers, off-highway machinery, and defense vehicles. Meritor operates through two main segments: Commercial Truck, which focuses on supplying drivetrain systems and components like axles and brakes, and Aftermarket and Industrial, which provides replacement parts to commercial vehicle and industrial aftermarket customers. The company markets its products under several brands, including Meritor, Euclid, and AxleTech, and distributes them primarily in North America, South America, Europe, and the Asia Pacific. With over a century of experience, Meritor is committed to delivering innovative solutions that meet the needs of original equipment manufacturers and aftermarket clients globally.

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.

Iceni Labs

Grant in 2020
Iceni Labs is an innovation commercialisation enterprise, with integrated research, development, test and manufacturing capability. Inter-disciplinary by nature, we combine commercial expertise with academic excellence, across the Defence and Security, Energy, Health and Consumer sectors. Our professional networks bridge artificial intelligence, automated creativity, electronics, energy, materials, nanotechnology and software. We invent and innovate in-house, foster high-potential technologies, and aggregate capabilities globally, to produce innovative, disruptive products that deliver more than the sum of their parts. By providing technical, executive, commercial and capital support, our Innovation-Exploitation Programme enhances value proposition and reduces risk exposure, while developing creativity, flexibility and robustness. Our goal is for our ‘wrap around’ idea to patent to product approach to become recognised globally as a catalyst for successful innovation. We are bridging the challenging gap between ‘thinking’ and ‘doing’.

YardLink

Grant in 2020
YardLink is a B2B platform for the construction industry that enables contractors to find, book, and pay for tools, equipment, bulk materials, fuel, waste management, and other services from approved suppliers. The platform aggregates supply and connects builders with equipment rental companies, optimizing distance to rental locations to streamline procurement and support a more sustainable construction supply chain. By prioritizing local suppliers, YardLink helps reduce project carbon footprints and accelerate procurement workflows. Founded in 2018 and headquartered in London.

FuelActive

Grant in 2020
FuelActive Ltd is a manufacturer specializing in fuel delivery systems aimed at addressing fuel contamination issues. Founded in 1998 and based in Cardiff, United Kingdom, the company designs and develops innovative solutions, including fuel injectors and pumps, that significantly reduce fuel-related breakdowns, component replacements, and maintenance needs. Its products are tailored for various sectors, including construction, mining, transport, military, power generation, marine, and agriculture, ultimately enhancing fuel efficiency and minimizing harmful emissions. Formerly known as Fairwater Fuel Systems Limited, the company rebranded to FuelActive Ltd in June 2007. Through its comprehensive fuel pick-up unit, FuelActive provides an effective solution to the global challenge of fuel contamination, ensuring improved operational reliability for its clients.

Corridor Technology

Grant in 2020
Corridor Technology is a technology company. It will entail the development of a fully standardised imagery and video data review system to allow asset inspectors in road, rail and energy corridors to review remote condition monitoring data (RCM), output from Corridor’s Machine Learning systems.

Iceni Labs

Grant in 2020
Iceni Labs is an innovation commercialisation enterprise, with integrated research, development, test and manufacturing capability. Inter-disciplinary by nature, we combine commercial expertise with academic excellence, across the Defence and Security, Energy, Health and Consumer sectors. Our professional networks bridge artificial intelligence, automated creativity, electronics, energy, materials, nanotechnology and software. We invent and innovate in-house, foster high-potential technologies, and aggregate capabilities globally, to produce innovative, disruptive products that deliver more than the sum of their parts. By providing technical, executive, commercial and capital support, our Innovation-Exploitation Programme enhances value proposition and reduces risk exposure, while developing creativity, flexibility and robustness. Our goal is for our ‘wrap around’ idea to patent to product approach to become recognised globally as a catalyst for successful innovation. We are bridging the challenging gap between ‘thinking’ and ‘doing’.

CageCapture

Grant in 2020
CageCapture creates, develops and supplies novel advanced materials to address some of the most pressing indoor air pollution problems facing modern society.

Actuation Lab

Grant in 2020
Actuation Lab specializes in manufacturing advanced machine components designed for industries operating in harsh environments such as marine, mining, and offshore sectors. Their innovative products, including the Callimorph technology, offer durability, power efficiency, and reduced maintenance costs.

Rivelin Robotics

Grant in 2019
Rivelin Robotics specializes in the development of autonomous robotic systems focused on metal additive manufacturing post-processing. The company's flagship technology, NetShape®, empowers robots to autonomously cut, grind, and polish metal, significantly enhancing efficiency and safety in manufacturing environments. By incorporating advanced sensors and innovative processing techniques, Rivelin's robots offer increased dexterity and versatility, allowing manufacturers to streamline operations while minimizing costs. This technology not only improves productivity but also aims to ensure a safer working environment for employees by reducing the drudgery and hazards associated with traditional metalworking processes.

Iceni Labs

Grant in 2019
Iceni Labs is an innovation commercialisation enterprise, with integrated research, development, test and manufacturing capability. Inter-disciplinary by nature, we combine commercial expertise with academic excellence, across the Defence and Security, Energy, Health and Consumer sectors. Our professional networks bridge artificial intelligence, automated creativity, electronics, energy, materials, nanotechnology and software. We invent and innovate in-house, foster high-potential technologies, and aggregate capabilities globally, to produce innovative, disruptive products that deliver more than the sum of their parts. By providing technical, executive, commercial and capital support, our Innovation-Exploitation Programme enhances value proposition and reduces risk exposure, while developing creativity, flexibility and robustness. Our goal is for our ‘wrap around’ idea to patent to product approach to become recognised globally as a catalyst for successful innovation. We are bridging the challenging gap between ‘thinking’ and ‘doing’.

CorrosionRADAR

Seed Round in 2018
CorrosionRADAR is a company that develops corrosion monitoring systems using distributed sensor technology to detect and predict hidden corrosion and moisture in critical assets. Its remote sensing solutions are designed for oil and gas facilities including refineries, offshore and onshore rigs, pipelines, as well as power plants, storage tanks, and industrial infrastructure. The technology combines IIoT-enabled sensors and advanced analytics to quantify corrosion severity, locate corrosion in inaccessible environments, and enable online monitoring and predictive maintenance. Applications span industrial manufacturing, utility pipelines, chemical plants, wind turbines, bridges, tunnels, and civil infrastructure, helping clients improve safety, reliability, and maintenance costs.

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.

Hiflux

Grant in 2018
Hiflux Ltd designs and manufactures compact high temperature heat exchangers and thermal management equipment.

CorrosionRADAR

Grant in 2018
CorrosionRADAR is a company that develops corrosion monitoring systems using distributed sensor technology to detect and predict hidden corrosion and moisture in critical assets. Its remote sensing solutions are designed for oil and gas facilities including refineries, offshore and onshore rigs, pipelines, as well as power plants, storage tanks, and industrial infrastructure. The technology combines IIoT-enabled sensors and advanced analytics to quantify corrosion severity, locate corrosion in inaccessible environments, and enable online monitoring and predictive maintenance. Applications span industrial manufacturing, utility pipelines, chemical plants, wind turbines, bridges, tunnels, and civil infrastructure, helping clients improve safety, reliability, and maintenance costs.

CorrosionRADAR

Seed Round in 2018
CorrosionRADAR is a company that develops corrosion monitoring systems using distributed sensor technology to detect and predict hidden corrosion and moisture in critical assets. Its remote sensing solutions are designed for oil and gas facilities including refineries, offshore and onshore rigs, pipelines, as well as power plants, storage tanks, and industrial infrastructure. The technology combines IIoT-enabled sensors and advanced analytics to quantify corrosion severity, locate corrosion in inaccessible environments, and enable online monitoring and predictive maintenance. Applications span industrial manufacturing, utility pipelines, chemical plants, wind turbines, bridges, tunnels, and civil infrastructure, helping clients improve safety, reliability, and maintenance costs.

CorrosionRADAR

Grant in 2017
CorrosionRADAR is a company that develops corrosion monitoring systems using distributed sensor technology to detect and predict hidden corrosion and moisture in critical assets. Its remote sensing solutions are designed for oil and gas facilities including refineries, offshore and onshore rigs, pipelines, as well as power plants, storage tanks, and industrial infrastructure. The technology combines IIoT-enabled sensors and advanced analytics to quantify corrosion severity, locate corrosion in inaccessible environments, and enable online monitoring and predictive maintenance. Applications span industrial manufacturing, utility pipelines, chemical plants, wind turbines, bridges, tunnels, and civil infrastructure, helping clients improve safety, reliability, and maintenance costs.

Dearman

Grant in 2017
Dearman Ltd., established in 2011 and headquartered in London, specializes in developing and delivering clean cold and power technologies. The company's core product, the Dearman engine, is a piston engine driven by the expansion of liquid nitrogen or liquid air, producing zero-emission power and cooling. This technology is applied in various sectors, including refrigerated transport systems for cooling cargo in trucks, backup power and cooling for buildings, and assisting the main drive engine in city buses and urban vehicles. Dearman's innovations aim to reduce operating costs, fuel usage, and emissions, while maintaining low capital costs. The company is currently in commercial trials for its transport refrigeration application, with plans for multi-country trials later in 2016.

Inductosense

Grant in 2015
Inductosense is a technology company developing wireless, battery-free sensors that can be permanently attached to structures or products to enable fast, repeatable inspections for cracks, corrosion, and other defects. Its Wireless And Non Destructive (WAND) system uses passive sensors that are powered and read non-contact via inductive coupling from a handheld probe, allowing sensing under coatings, insulation, or repairs and even embedding within materials. The company offers easy-to-install sensors, measurement probes, and data collection or remote monitoring capabilities to monitor internal corrosion and erosion in pipes and vessels at elevated temperatures. Applications include inspection of large structures, composites repair, remote monitoring, and under coatings. Founded in 2015 and based in Bristol, the United Kingdom, the company aims to improve inspection efficiency, reduce costs, and enhance safety by enabling long-term, non-destructive evaluation through continuous monitoring.

Lontra

Grant in 2015
Lontra Limited, established in 2004 and headquartered in Napton-on-the-Hill, UK, specializes in the development and manufacturing of innovative air and gas compressors. The company's flagship product, the Blade Compressor, is a patented, rotary device that offers up to a third more efficiency than traditional compressors, reducing energy consumption and enhancing reliability. Lontra serves a diverse range of industries, including automotive, wastewater treatment, manufacturing, and power generation, both in the UK and internationally. Backed by prominent industrial partners and supported by numerous grants and awards, Lontra continues to expand its product portfolio and explore new compressor applications.
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