Innovate UK is a government-backed agency supporting business-led innovation across the United Kingdom.
The London based legal technology company has received backing to accelerate the development of its artificial intelligence contract tools.
"The legal landscape is rapidly changing – businesses want instant access to services at affordable prices, rather than waiting for long email threads. Genie’s AI assistant gives instant answers, augmented with the knowledge and experience of seasoned lawyers."
The investment round was led by 24Haymarket with participation from angel investors and Innovate UK.
"We’re delighted to announce Lori as the new Chair of our Board. The wealth of her strategic experience in the digital space coupled with her sales expertise and commitment to diversity and inclusion, will support myGwork’s ambitious international growth targets,"
Innovate UK backs Cogs AI with a £415k grant for its rapid digital assessment platform.
"There is a widening gap in provision for those children who have additional needs but aren’t being put forward for full SEND support, and those children who are spending months, if not years, on waiting lists"
The Imperial College spinout received the funding in partnership with Unit9 to prepare for NHS trials.
"Innovate UK's grant is vital to the next stage of our development as we believe our neurotechnology can be a valuable tool for the under-resourced stroke rehabilitation market. We have developed a way to decode brainwaves from the motor cortex with a wearable headset that links with virtual reality games to increase patient engagement and encourage the repetitive limb movements required for rehabilitation."
The biotechnology startup received the grant to scale up manufacturing processes for green cosmetic compounds.
"This collaboration with Teesside University, led by Associate Professor Dr. M. Safwan Akram an expert in Synthetic biology and BiBerChem Research led by Professor Bernard Golding a Synthetic Organic Chemist brings together our complementary strengths and expertise, and we are excited to see the results of our joint efforts in this important area"