Companies developing artificial intelligence to improve safety on construction sites, reduce time spent repairing the railways and cut emissions across supply chains are amongst a number of projects set to receive a share of 拢32m in UK Government funding.
Announced today, almost 100 ground-breaking projects have been awarded financial backing as the government continues its mission to boost productivity and kickstart growth across the economy through聽AI聽so everyone is better off.
A total of 98 projects from Southampton to Birmingham and Northern Ireland will receive funding, involving more than 200 businesses and research organisations spanning a range of sectors including public services, driving efficiencies and reducing administrative tasks.
Cambridge-based Monumo are part of a team awarded 拢750,152 to develop improved designs for motors in electric vehicles 鈥� their 3D Generative-AI聽Tool is set to improve sustainability across sectors spanning commercial transportation, flight and power generation.
Monumo has recently emerged from stealth and closed a 拢10.5m seed funding round from angel investors.
Dominic Vergine, CEO and founder of Monumo, said: 鈥淒riven by a desire to move the needle on decarbonisation, our technology has numerous applications, but we are focused on the EV market initially, seeking to drive wider adoption through optimisation. We are intent on helping build a more sustainable future and this funding from Innovate UK will help us get there faster.鈥�
Artificial intelligence in e-commerce projects as part of the innovation process
Another project to benefit 聽is V-Lab Ltd, which has received 拢165,006 to further develop software powered by聽AI聽to help people train in the construction sector.
Their system offers immersive, scenario-based virtual simulations of real construction sites to efficiently train workers on risk assessments and safety protocols 鈥� helping to ensure the UK has a skilled workforce to deliver the infrastructure the country needs.
As part of the government鈥檚 mission to build an NHS which is fit for the future, pharmacies that deliver prescriptions across the country are also set to benefit from this new financial support.
A project led by Nottingham-based Anteam will see them working alongside retailers and the NHS to improve the efficiency of their deliveries using聽AI聽algorithms.
This technology will match the delivery needs of retailers and hospitals to existing delivery journeys, unlocking under-utilised capacity, cutting carbon emissions and delivering a better experience for patients.
In a transformational change to how our railway network is maintained and inspected, Hack Partners will also lead on the development of an entirely autonomous system which can monitor, manage, and identify defects on rail infrastructure across the country.
This represents a significant step forward for the British public, boosting the efficiency and safety of our railway network to deliver a better service for rail users.
The funding announced will specifically support solutions in 鈥榟igh growth鈥� industries, ensuring聽AI聽is at the heart of driving forward greater productivity and efficiency across key areas of the economy.
Work on bringing these new innovations to life is already underway as the winning teams begin to develop their solutions to deliver the cost-cutting, efficiency boosting benefits across the UK.
In the field of logistics, Robok Limited are setting to work on their SeeGul聽AI聽tool, which uses聽AI聽to monitor efficiency, improve resourcing, and identify bottlenecks which hamper productivity for businesses operating warehouses and storage facilities.
Meanwhile, Kelp Technologies are collaborating with fashion retailers Depop and Selfridges to develop real-time pricing and market trend analysis to address the complexity of pricing second hand apparel.
The results of the project will save time and money for retailers and play an important role in growing the second-hand clothing market, reducing waste and greenhouse emissions.
Minister for Digital Government and聽AI聽Feryal Clark said: 鈥淎I聽will deliver real change for working people across the UK 鈥� not only growing our economy but improving our public services.
鈥淭hat鈥檚 why our support for initiatives like this will be so crucial 鈥� backing a range of projects which could reduce train delays, give us new ways of maintaining our vital infrastructure, and improve experiences for patients by making it easier to get their prescriptions to them.
鈥淲e want technology to boost growth and deliver change right across the board, and I鈥檓 confident projects like these will help us realise that ambition.鈥�
The winning projects are funded through the UKRI Technology Missions Fund to secure the UK鈥檚 global leadership in emerging and future聽AI聽technologies.
The projects are delivered through the鈥疘nnovate UK BridgeAI鈥痯rogramme, whose additional support also includes access to training and scientific expertise, expert聽AI聽advice and guidance, and greater collaboration between businesses and developers.
It follows the King鈥檚 Speech where the government committed to 鈥榯ake the brakes off Britain鈥� through a raft of new Bills, including generating sustainable growth by encouraging investment in industry, skills and new technologies.