Innovate UK works with people, companies and partner organisations to find and drive the science and technology innovations that will grow the UK economy – delivering productivity, new jobs and exports keeping the UK globally competitive in the race for future prosperity.
Their responsibilities include:
- Providing support for innovative small and medium-sized enterprises (SMEs) with high-growth potential
- Making sure that government initiatives such as SBRI (Small Business Research Initiative) attract innovative UK businesses and give companies access to important customers in the public sector
- Identifying and investing in the sectors that have the greatest potential for innovation to speed up economic growth
- Helping innovative companies work with their backers so their ideas can be developed commercially