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IUK Seeks AI Innovations for Supply Chain with £2m for Cross-Sector Collaborations

By Tim Burghes,

The aim of this Innovate UK (IUK) competition is to develop a product or process that enables data from micro, small and medium-sized enterprises (SMEs) and large organisations to be shared in a trust less environment. The product or process must enable the development of new Artificial Intelligence (AI) solutions for the benefit of supply chain efficiency and firm level productivity. The output of these projects must be in the form of a demonstrator.

Projects must demonstrate clear monetisation strategies that incentivise data sharing and business models that span benefits across organisations and sectors.

IUK will fund late R&D projects that demonstrate benefits for at least two of the three BridgeAI target sectors:

  • Transport, logistics warehousing
  • Agriculture, food processing
  • Construction

Up to £2 million has been allocated to fund feasibility studies, industrial research and experimental development projects. Each project’s total grant funding request must be between £1.9 million and £2 million.

This competition is open to collaborations only. To lead a project, an organisation must be a UK registered business of any size, research and technology organisation (RTO) or not for profit. To collaborate with the lead, an organisation must be a UK registered business of any size, academic institution, charity, not for profit, public sector organisation or RTO.

Consortiums must involve at least two grant claiming micro or SMEs and two large grant claiming organisations from different BridgeAI target sectors.

Applications are open between 24 June 2024 and 21 August 2024 (11:00). More details here.