Funding

How we are funded?

The UK Innovation Initiative is an altruistic venture to help commercialisation of UK innovation, not an opportunity to pay for a service. The initial seed funding for UKII is from Erudine, an innovative software development company based in Harrogate, North Yorkshire. Erudine’s CEO and founder of UKII, Martin Rice, has made it his personal mission to help emerging UK Innovators and allow them to benefit from Erudine’s experience as a small start-up company.

Benefits to corporate participants include cross-industry peer-to-peer collaboration, and positive PR by demonstrably supporting UK innovation.

Funding for the future

A significant source of future funding will be from large end-user corporations which have no other easy route to innovators. UKII is currently building support across UK organisations and government, based on principles of co-operative partnership.

The UKII will operate a discretionary contribution policy, welcoming contributions from corporate social responsibility or futures budgets. Innovator companies do not pay for UKII services – but we encourage our successes to give back to the UKII to help others coming through, as Erudine has done.