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 Simulation

Monumo

Grant in 2024
Monumo is a deeptech engineering firm specializing in the development of advanced electric motor systems for electric vehicles (EVs). The company leverages a proprietary blend of simulation, machine learning, artificial intelligence, and motor design technologies to create next-generation EV motor systems that surpass human capabilities. Monumo's innovative electromagnetic engineering tools aim to optimize energy usage globally, contributing to a sustainable future by enabling companies to maximize the efficiency of electric motors.

Physiomics

Grant in 2023
Physiomics Plc is a consulting firm based in Oxford, United Kingdom, specializing in services for pharmaceutical companies in the realms of quantitative pharmacology and computational biology. Established in 2001, the company utilizes its proprietary Virtual Tumour predictive software to offer modeling, simulation, and data analysis services, primarily focused on oncology research and development. By combining systems biology with advanced mathematical techniques, Physiomics aims to optimize dosing and scheduling of oncology drugs during pre-clinical and clinical trials, enhancing the efficacy of drug combinations and streamlining the overall drug development process. The company's operations extend across the United Kingdom, the European Union, Switzerland, and the United States, with a commitment to advancing personalized medicine through innovative technology.

Productive Machines

Grant in 2023
Productive Machines is a company that specializes in software optimization services for the machining industry, focusing on enhancing productivity and sustainability for manufacturers. By leveraging a digital twin of the machining process, which simulates the physics, mechanics, dynamics, distortion, and vibration involved in metal cutting, Productive Machines enables manufacturers to test millions of parameters in a virtual environment. This innovative approach allows for improved Computer-Aided Manufacturing (CAM) and Gcode, effectively eliminating chatter vibrations, reducing cycle times, minimizing tooling costs, and enhancing surface finish and dimensional accuracy. As a spin-out from the UK Advanced Manufacturing Research Centre, Productive Machines aims to streamline machining processes, empowering companies to achieve higher quality parts more efficiently and cost-effectively.

AutoNeura

Grant in 2022
AutoNeura is a technology company that specializes in developing intelligent software aimed at enhancing the connection between physics and engineering in the automotive sector. Its innovative solutions enable vehicle manufacturers, institutions, and hardware providers to conduct complex tests on vehicle propulsion systems more efficiently and cost-effectively. By utilizing proprietary software on existing hardware, AutoNeura facilitates comprehensive testing in laboratory settings, significantly reducing the expenses associated with propulsion system development and testing. The company's offerings empower vehicle developers to optimize control systems, manage data and analytics, and streamline the vehicle development process, ultimately improving profitability within the automotive value chain.

FinCrime Dynamics

Grant in 2020
FinCrime Dynamics is a developer of advanced simulation and financial crime analytics tools aimed at enhancing the safety of the financial system through the effective use of artificial intelligence. The company specializes in creating enriched synthetic data that simulates the complexities of fraud and money laundering, allowing financial organizations to explore diverse threats through customized scenarios. This innovative approach enables businesses to establish benchmarks for financial crime analytics and address emerging challenges, such as those presented by online fraud during the COVID-19 pandemic. With a team of experts who have significantly contributed to the fields of synthetic data and financial crime analytics, FinCrime Dynamics is positioned at the forefront of these critical areas in the financial services sector.

Marion Surgical

Seed Round in 2020
Marion Surgical Inc. is a company that specializes in developing and manufacturing virtual reality surgical simulators aimed at enhancing surgical training. Founded in 2016 and headquartered in Niagara Falls, Canada, with an additional office in Salford, United Kingdom, the company offers innovative solutions such as the K181 PCNL and Kidney Access Array, which trains surgeons in percutaneous access procedures, and the PTE Simulator, designed for pulmonary thrombo-endarterectomy surgery training. These simulators provide a realistic and safe environment for surgeons to learn, collaborate, and practice procedures, addressing the need for dynamic and customizable training experiences. By leveraging virtual reality technology and cloud-hosted platforms, Marion Surgical enables medical professionals to refine their skills and enhance their surgical capabilities before performing actual procedures.

Sensat

Grant in 2018
Sensat, established in 2015 and headquartered in London, specializes in cloud-based 3D virtual engineering solutions. The company operates a platform called Mapp, which uses mapping drones to generate precise survey data, enabling infrastructure owners and operators to visualize and manage projects in 2D, 3D, and 4D. This allows for optimized pre-construction planning, design, and bidding, as well as real-time tracking of project performance, facilitating data-driven decision-making without the need for on-site visits.

Inovus Medical

Grant in 2018
Inovus Medical is a company that specializes in designing and manufacturing medical simulation products, primarily aimed at enhancing surgical training. Founded in 2012 and based in Saint Helens, United Kingdom, Inovus produces a range of simulators, including take-home and institutional laparoscopic simulators, which facilitate the training of surgical trainees and residents. Their products cover essential procedures such as laparoscopic appendectomy and cholecystectomy, as well as training tools for critical care and general medicine. By providing accessible and versatile healthcare training equipment, Inovus Medical aims to improve surgical skills and, consequently, the quality of patient care. The company serves its customers through online platforms, making its training solutions widely available.

Physiomics

Grant in 2018
Physiomics Plc is a consulting firm based in Oxford, United Kingdom, specializing in services for pharmaceutical companies in the realms of quantitative pharmacology and computational biology. Established in 2001, the company utilizes its proprietary Virtual Tumour predictive software to offer modeling, simulation, and data analysis services, primarily focused on oncology research and development. By combining systems biology with advanced mathematical techniques, Physiomics aims to optimize dosing and scheduling of oncology drugs during pre-clinical and clinical trials, enhancing the efficacy of drug combinations and streamlining the overall drug development process. The company's operations extend across the United Kingdom, the European Union, Switzerland, and the United States, with a commitment to advancing personalized medicine through innovative technology.

MedaPhor

Grant in 2017
MedaPhor Limited is an e-learning company based in Cardiff, United Kingdom, that specializes in creating training products for postgraduate medical professionals. The company focuses on enhancing ultrasound examination techniques through its innovative simulation technology solutions. MedaPhor's offerings include Blue Phantom, which provides ultrasound phantoms for hands-on simulation training in gynaecology and obstetrics, and True Anatomy, an endovaginal training model designed for ultrasound simulation. Additionally, MedaPhor develops models for intrauterine pregnancy, ectopic pregnancy, and general pathology, contributing to the advancement of medical education and training. Established in 2004, MedaPhor aims to improve the skills and knowledge of healthcare practitioners through its comprehensive training solutions.
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