Innovate UK is to invest £561 million in innovation over the next 12 months and take a more focused and efficient approach to supporting innovative UK companies. The delivery plan for the year 2016 to 2017 includes:

• a new sector focus that is easier for industry, investors and government to work with
• a 5-point plan to underpin activity across these sectors and drive productivity growth
• clearer funding programmes that are easier to navigate
• improvements to the way Innovate UK connects businesses to knowledge and partners
• a stronger regional presence

Four sector groups have been established within Innovate UK:

• emerging and enabling technologies
• health and life sciences
• infrastructure systems
• manufacturing and materials

There will be 2 broad funding competitions covering each sector group per year, and 2 open competitions for applications from any sector or technology area.

There will be other programmes and competitions in partnership with other government organisations.

View here for more detail.

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