AI and machine learning innovation fund targets construction

The upcoming competition, ‘Feasibility Studies for AI Solutions’, will invest up to £5m in short-term AI innovation projects. UK-registered micro, small and medium-sized enterprises in the agriculture, construction, transportation, and creative industries can enter.

Awards will be granted to applications that demonstrate how they can address business challenges and opportunities to drive an increase in productivity using AI, in collaboration with an AI developer or academic organisation. Successful grant applicants can receive up to £50,000. Applications close on 25 May.

Will Drury, executive director, digital and technology at Innovate UK, said: “By nurturing AI innovation at the grass roots level, we’re confident that this programme will enable thousands of businesses to add even greater value to the UK economy and compete more effectively on the global stage.”

Tabitha Goldstaub, chair of the AI Council, explained: “As we see large companies reap the rewards of adopting AI, it’s even more important to ensure that lower AI maturity UK sectors get the support they need to benefit from the economic and social benefits this technology brings. By building innovation networks to stimulate both the demand and supply side, I’m excited to see the potential BridgeAI has to turbo charge those industries that are often left behind.”

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