IUK Launches Improving Operations Through Machine Learning SBRI Competition

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IUK Launches Improving Operations Through Machine Learning SBRI Competition

Funding for projects that seek to improve the efficiency and effectiveness of Innovate UK’s operational functions through machine learning.

Improving Operations Through Machine Learning is an Innovate UK (IUK) Small Business Research Initiative (SBRI) competition seeking to improve the efficiency and effectiveness of IUK’s operational functions.

As many ideas as possible are sought for how machine learning can help IUK make the best use of its existing data. Machine learning is a type of artificial intelligence. It allows computers to become more accurate in predicting outcomes without explicit programming, using algorithms that iteratively learn from data.

Applicants should show how they would develop and test a prototype application to improve operational efficiency and improve the efficiency and quality of decision-making, both pre and post-funding award.

It is anticipated that this competition will run in two phases:

  • Phase one, technical feasibility: Projects should last up to four months and must be completed by 31 March 2018. Projects can range in size up to a total cost of £50,000 including VAT. The total funding available for this phase is up to £250,000 including VAT.
  • Phase two, prototype development and evaluation: Projects should last up to six months. They can range in size up to a total cost of £250,000 including VAT. The total funding available for this phase is up to £500,000 including VAT.

A decision to proceed with phase two will depend on the outcomes from phase one.

This competition is open to UK businesses of any size.

The deadline for registrations is 6 September 2017.

For more information: https://apply-for-innovation-funding.service.gov.uk/competition/47/overview or email chris.gibbs@thegrowthhub.biz