New Innovation Lab launched by Innovate UK
Today, Innovate UK launched a funding competition, which aims to stimulate the development of responsible data sharing methods in the accountancy, insurance and legal services sectors. The initial application phases will run from 1 July 2019 – 4 September 2019 (12:00pm) with up to £1.5 million available per project.
Individuals can also apply to take part in a 3-day residential Innovation Lab on behalf of their organization, which will run from 14 – 16 October 2019. Successful applicants will then be invited to develop collaborative proposals for research and innovation projects with other participants. Subsequently, the project consortia will be given 4 weeks to finalise and submit their proposals for assessment. Project proposals submitted after the Innovation Lab must focus on solutions that:
- identify and develop a data access method to enable AI application for one or more of the 3 sectors
- address incentives, opportunities and ongoing business models to ensure a sustainable data access approach
- consider broader, non-technical aspects of data access methods, including ethics, bias and privacy
Notably, Innovate UK are particularly welcoming applications that:
- cover more than one of the 3 sectors
- address sector wide needs
- are from consortia that include all relevant stakeholders, for example regulators, users, service providers and technology providers
- are multi-disciplinary and include social sciences as well as science and engineering
If you are interested in this opportunity, more details can be found here. Individuals can also get in touch with Innovate UK directly via email [email protected] or call the competition helpline on 0300 321 4357 between 9am and 5:30pm, Monday to Friday. Alternatively, if you have any questions regarding how to get involved then please feel free to contact [email protected]