Innovation Exchange
Innovate UK KTN’s Innovation Exchange is a cross-sector program supporting innovation transfer by matching industry challenges to innovative companies from other sectors. It does this by putting large businesses with technical needs in contact with companies who have the right innovative solutions, for faster development of novel solutions.
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The power of cross-sector collaboration
Innovation Exchange is an Innovate UK KTN programme specially designed to help organisations search for game-changing solutions to challenges and bring them to market faster.
Leveraging expertise across our diverse network, Innovate UK KTN promotes innovation transfer, matching real industry challenges from large businesses, to companies and innovators already working on the solutions. Our unique cross-sector approach taps into the power of collaboration providing technical solutions from other sectors.
Over the past 4 years, Innovate UK KTN’s Innovation Exchange Programme has proven it is a highly successful programme in the energy, defence, health and transport sectors and is now being expanded into others as well, such as infrastructure, security and agri-tech.
With over 2.5K application entries across 130 challenges, 694 UK companies pitched their ideas, 88 trials were undertaken generating £25.3m value to challenge holders, and 26 commercial contracts were put in place, valued at £7.7m, as a direct result of the Innovation Exchange Programme.
“Posting our challenges on KTN’s Innovation Exchange has allowed us to have a cross-sectoral approach and added an element of reach that has proved invaluable. The responses have allowed us to explore applying solutions from other sectors like medical X-Ray technology to some really tricky problems.” Andy Cooney, Technical Manager at Sellafield
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Funding opportunities
Global Innovation Exchange challenge: Airport Navigation in the Metaverse for Improved Accessibility
Innovation Exchange challenge: Seeing in the Dark
UK-China Healthy Ageing Accelerator Feb-Apr 2023
Related Case Studies
Innovation Exchange Challenge sparks NUVIA UK and Lucideon’s solution to tackle hazardous nuclear waste
The cross-sector Innovation Exchange approach was key in facilitating a collaboration between Lucideon and NUVIA UK to solve the issue of hazardous waste encapsulation. Read more about this success story.
Main image credit: Sellafield Ltd
Related Events and Recordings
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Related News
28/06/2022
New Innovation Exchange launches to help UK companies interested in entering China's longevity-focused mobility and gait market
Innovators with new product or service ideas that can support people to stay active, mobile and connected as they age can now apply for the Healthy Ageing Innovation Accelerator Competition.
Read more
27/09/2022
Global Alliance Africa at Innovate UK KTN partners with Rand Water to find Circular Economy solution to water treatment residue challenge
In August 2022, Innovate UK KTN met with Rand Water to identify challenge areas for the launch of a joint Global Alliance Innovation Exchange (iX) challenge.