Innovate UK, the UK government’s innovation agency, builds on the UK government’s National AI Strategy to accelerate the adoption and diffusion of artificial intelligence and machine learning solutions in high-growth but less AI-mature sectors such as construction BridgeAI I created a program.
Our £100m investment in BridgeAI is an evidence-based program that leverages the strengths of the UK AI ecosystem to address, among other things, two major market failures. One is the lack of skills that limits hiring, including the educational component of the technology itself in the hiring department. A small number of AI developer organizations offering AI-based products and services in areas where AI is less mature.
There are two elements to this program that have different but increasing impacts. The £35m investment aims to increase the sector’s capacity and ability to absorb AI technology. This is a collaboration with Innovate UK KTN and building a network between AI implementation and development organizations and key strategic partners such as the Alan Turing Institute, Hartley Center and Digital Catapult, which offer a range of products. This is achieved by building an innovation network that We help organizations looking to adopt AI technologies understand and evaluate the benefits of AI and pilot these technologies.
These services are provided free of charge to companies and include access to innovation vouchers, AI and ML awareness courses for senior executives, independent scientific advice and access to technology accelerator programs, among other supports. It is included.
A further £250m will be invested in the UKRI’s Technology Mission Fund (TMF) in the themes of artificial intelligence, quantum technology and engineering biology. One of the first major investments since the creation of the Department for Science, Innovation and Technology (DSIT) will help capitalize on and maintain the UK’s global leadership in these areas, ensuring that the UK is not just a consumer, but a consumer of these products. We ensure that we continue to be technology developers and innovators.
The second part of the program will see a £65m investment from UKRI’s Technology Mission Fund (TMF) to develop new and innovative AI and ML solutions that have a positive impact on business productivity. included. This strand is supported through competitive grants and includes three main interventions.
One of the interventions is $5 million to help AI adopting SME organizations work with AI developer SMEs or academics to solve business challenges and opportunities to improve business productivity. Pound investment. This funding opportunity is now live and applications will be accepted until Wednesday, May 24th.
Another £5m investment round of similar size is due to be announced in March 2024. In addition, joint R&D project opportunities will be open to both SMEs and large organizations, with a total of £35m of funding to be allocated to R&D projects that can harness the power of AI, announced in September 2023. It’s a schedule. Innovate UK announces further support in summer 2023 to help build evidence-based resources for AI and ML solutions use cases that can partner with industry to improve business productivity in targeted areas intend to do something.
BridgeAI launch event
The BridgeAI program will officially launch on April 26th in London, and organizations can register to attend the event in person or virtually.
Available opportunities will be published on the KTN BridgeAI website as they become available, with the first support scheduled to be published on the KTN BridgeAI site in May. Organizations interested in participating in the program are encouraged to visit this site and register their interest in participating.
Another important timeline for businesses to be aware of is the Data and AI Readiness Support launch in April 2024 to help businesses identify opportunities to adopt AI within their organizations. Finally, the support period for the BridgeAI program is available until March. 2026.
We are thrilled to be in a position to help UK companies transform the way they work through the adoption of artificial intelligence and will continue to adapt our support to help your business be more productive. We encourage active participation in the program through Innovate UK KTN. And bring economic prosperity to the UK economy.
These investments will help maintain and grow the UK’s international position in a highly competitive global market. If successful, it will attract a diverse global pool of talent, encourage further private investment in the UK’s research and innovation system, and ensure that the UK’s national strengths in science and technology increase its advantage.
Trias Gucikopoulos
Innovation leader – robotics and artificial intelligence
innovate uk
Phone: +44 (0)3333 403250
iuk.ktn-uk.org
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