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 Skincare

SEQUENTIAL

Grant in 2025
Sequential Skin is a diagnostic platform focused on skin longevity and aging, leveraging expertise in genetics, epigenetics, and the skin microbiome. The company specializes in clinical microbiome testing for skin, scalp, and female health. Its primary offering is a skin health test that employs quantitative real-time PCR (qPCR) technology to analyze specific markers within the skin microbiome. This analysis provides individuals with a detailed understanding of their skin profile, helping them identify their unique skincare needs. By delivering personalized insights, Sequential Skin empowers individuals to make informed decisions about their skincare routines.

Oceanium

Grant in 2024
Oceanium develops innovative, all-natural food products and nutraceuticals from sustainably-sourced seaweed. It uses proprietary biorefinery technology and green chemistry processes to create bioactive ingredients and sustainable materials, promoting coastal community development and a regenerative food system.

Renude

Seed Round in 2024
Renude operates a personalized skincare advice platform powered by AI. It aims to make reliable, tailored consultation accessible to all users. The company's team comprises dermatologists, formulation chemists, licensed aestheticians, data scientists, and machine learning engineers dedicated to developing dermatologist-approved AI skin advisors.

Change My Face

Grant in 2023
Change My Face is an AI-powered face-changing technology used in healthcare, finance and skincare.

Human Beauty

Grant in 2023
Human Beauty is on a mission to make cosmetics more accessible, with a particular emphasis on disability inclusion and adapted products.

Cocoon Wellbeing

Grant in 2023
Cocoon Wellbeing offer a range of luxurious treatments using premium products for great results.

Hexis Lab

Grant in 2023
Hexis Lab is a biotechnology company specializing in the research and development of innovative skincare products tailored for diverse skin types. The company focuses on creating ethically targeted solutions aimed at protecting and repairing sun-damaged skin while enhancing overall well-being. Utilizing a discovery platform that incorporates big data cloud computing and in-silico computer modeling, Hexis Lab screens an extensive database of naturally derived plant compounds for their efficacy against specific cellular targets. By leveraging proprietary AI techniques, the company accelerates product research, identifies novel ingredients, and formulates effective products for the beauty, skincare, personal care, nutraceuticals, and pharmaceutical sectors.

Oceanium

Grant in 2022
Oceanium develops innovative, all-natural food products and nutraceuticals from sustainably-sourced seaweed. It uses proprietary biorefinery technology and green chemistry processes to create bioactive ingredients and sustainable materials, promoting coastal community development and a regenerative food system.

SEQUENTIAL

Grant in 2022
Sequential Skin is a diagnostic platform focused on skin longevity and aging, leveraging expertise in genetics, epigenetics, and the skin microbiome. The company specializes in clinical microbiome testing for skin, scalp, and female health. Its primary offering is a skin health test that employs quantitative real-time PCR (qPCR) technology to analyze specific markers within the skin microbiome. This analysis provides individuals with a detailed understanding of their skin profile, helping them identify their unique skincare needs. By delivering personalized insights, Sequential Skin empowers individuals to make informed decisions about their skincare routines.

Naturbeads

Grant in 2020
Naturbeads Ltd., established in 2018 and headquartered in Malmesbury, UK, specializes in manufacturing biodegradable cellulose microparticles. These products aim to replace conventional plastic microbeads used in cosmetics, toiletries, and other industries. The company's mission is to mitigate microplastic pollution by offering a sustainable alternative developed through innovative research at the University of Bath.

Naturbeads

Grant in 2019
Naturbeads Ltd., established in 2018 and headquartered in Malmesbury, UK, specializes in manufacturing biodegradable cellulose microparticles. These products aim to replace conventional plastic microbeads used in cosmetics, toiletries, and other industries. The company's mission is to mitigate microplastic pollution by offering a sustainable alternative developed through innovative research at the University of Bath.

Provenance

Grant in 2014
Provenance is a technology company that specializes in promoting sustainability and transparency in the consumer goods industry. It operates a platform that validates and communicates the sustainability credentials of consumer packaged goods (CPG) brands, enabling consumers to make informed, eco-friendly purchasing decisions. The platform tracks products from their origin to the point of sale, providing real-time, verifiable data that enhances brand trust and sales. Over 200 leading CPG businesses, including Cult Beauty, The Ordinary, and Shiseido, use Provenance to showcase their sustainability efforts. As a mission-driven, independent B Corp, Provenance aims to empower consumers to make choices that positively impact both people and the planet.
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