Innovate UK works with companies to de-risk, enable, and support innovation. Incorporated by Royal Charter in February 2007, Innovate UK was originally established as the “Technology Strategy Board,” which is still the organization's legal name.
The organization has committed over £1.8 billion to innovation, and has helped more than 7,600 organizations with projects since 2007. They estimate adding between £11.5 billion and £13.1 billion to the UK economy, creating 55,000 extra new jobs. Earlier this month, Innovate UK announced it will invest a further £561 million in UK-based disruptive businesses.
http://bravenewcoin.com/news/uk-government-awards-250k-grant-to-develop-blockchain-foreign-exchange-prototype/
