Improving operations through machine learning
The aim of this competition is to improve the efficiency and effectiveness of Innovate UK’s operational functions.
The competition is looking for as many ideas as possible for how machine learning can help Innovate UK make the best use of its existing data. You should show how you would develop and test a prototype application.
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.
This is a 2 phase competition. A decision to proceed with phase 2 will depend on the outcomes from phase 1.
1. Phase 1: technical feasibility. Projects should last up to 4 months and you must complete your project by 31 March 2018. Projects can range in size up to a total cost of £50,000 including VAT. The total funding available is up to £250,000 including VAT.
2. Phase 2: prototype development and evaluation. Projects should last up to 6 months. They can range in size up to a total cost of £250,000 including VAT. We expect the total funding available to be £500,000 including VAT.