Innovate UK

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.

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

Dave Wilkes

Director of Innovation Ecosystem

Past deals in Natural Resources

MAKOR RESOURCES

Grant in 2024
Makor Resource's strategy hinges on four pillars: advancing artisanal and small-scale mineral sector development; developing human and technological capacities; building blockchain-enabled “Mine to Main Street” value chains; and promoting sustainable investment and communal stewardship.

OCEANIUM

Grant in 2024
OCEANIUM specializes in creating all-natural food and nutraceutical products, as well as sustainable materials derived from responsibly sourced seaweed. The company utilizes a technical biorefinery process that maximizes the value extracted from seaweed, resulting in a diverse range of offerings, including food ingredients and natural bioactive components for health and cosmetic applications. OCEANIUM is dedicated to promoting the health of both people and the planet while simultaneously supporting the seaweed farming industry in the Western Hemisphere. By providing jobs and fostering economic development in rural coastal communities, OCEANIUM aims to drive systemic change within the food system.

Caledonian Climate

Grant in 2024
Caledonian Climate operates as a peatland restoration consultancy.

Zulu Ecosystems

Grant in 2024
Zulu Ecosystems operates an automated platform aimed at regenerating natural carbon sinks and habitats. The organization utilizes a science-based approach to evaluate, create, and structure nature-based projects. By integrating scientific methods with financial precision, Zulu Ecosystems assists landowners, investors, specialists, and businesses in developing optimal forest ecosystems and generating high-quality carbon credits. This focus on rebuilding ecosystems and enhancing carbon sequestration aligns with broader environmental goals, making it a key player in the sustainability sector.

Pensana

Grant in 2023
Pensana is a mineral exploration and development company focused on securing the supply of critical rare earth metals. With operations in Angola and Australia, the company aims to produce traceable, low-carbon rare earth products, essential for the manufacturing of electric vehicles, wind turbines, and other strategic industries.

OCEANIUM

Grant in 2022
OCEANIUM specializes in creating all-natural food and nutraceutical products, as well as sustainable materials derived from responsibly sourced seaweed. The company utilizes a technical biorefinery process that maximizes the value extracted from seaweed, resulting in a diverse range of offerings, including food ingredients and natural bioactive components for health and cosmetic applications. OCEANIUM is dedicated to promoting the health of both people and the planet while simultaneously supporting the seaweed farming industry in the Western Hemisphere. By providing jobs and fostering economic development in rural coastal communities, OCEANIUM aims to drive systemic change within the food system.

British Lithium

Grant in 2020
British Lithium discovers, evaluates, develops, and operates mineral resource projects.
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