The Technology Strategy Board (Innovate UK) is the UK’s innovation agency. It is a non-departmental arms-length body sponsored by the Department for Business, Energy and Industrial Strategy.

This annual report sets out the activities and achievements of the Technology Strategy Board (Innovate UK) from 1 April 2016 to 31 March 2017.

Since 2007, Innovate UK has invested around £2.2 billion in innovation, matched by £1.5 billion in industry funding – returning up to £16 billion to the economy. Helping companies start up and grow is an important part of Innovate UK role and it implies continuous change and improvements in the organisation itself. Some of these changes include simpler structure and processes, a new sector-based approach in supporting business, and fewer but broader competitions to make it easier for businesses to identify the best funding opportunity for them.



Technology Scotland is proud of its long-term collaboration with Innovate UK. Over the past two years, members and non-members of Technology Scotland have benefited of the Knowledge Transfer Network funding opportunities for Emerging & Enabling Technologies as well as of the networking events taking place in Scotland, such as the very successful VentureFest 2017.

We’re also pleased to see Innovate UK CEO, Dr. Ruth McKernan joining our key members and partners on October 24 at the Principal Hotel in Edinburgh in occasion of Technology Scotland Inaugural Dinner 2017.

With a good number of high-profile companies already signed up, this exclusive dinner will provide you with the right atmosphere to strengthen your network and build key partnerships with new businesses in Scotland. Tickets are selling out, book yours before the event is sold out.