Innovate UK (previously known as The Technology Strategy Board) is the UK’s innovation agency. Our goal is to accelerate economic growth by stimulating and supporting business-led innovation.

Sponsored by the Department for Business, Innovation and Skills (BIS), we bring together business, research and the public sector, accelerating the development of innovative products and services to meet market needs, tackle major societal challenges and help build the future economy. We are investing in the region of £1bn in business innovation over the current spending review period, which is doubled by partner and business contributions.

The challenge of low carbon presents great opportunities for innovation and is a focal point for much of our work. Working closely with business, academia and government, and particularly in co-ordination with the other members of the LCICG, we stimulate innovation in several priority theme areas with a low-carbon focus - particularly energy, transport and the built environment.

Our energy programme supports innovation to develop sources of affordable, secure and low-emission energy; build flexible, secure and resilient energy systems for the future; and reduce greenhouse gas emissions at point of use.

In transport, we work with industry and government to support the development, and pull-through towards the market, of low carbon vehicle technologies. This has included Europe’s largest co-ordinated demonstration programme of ultra-low carbon vehicles. As well as road vehicle innovation, our transport team looks at rail, marine, aerospace and integrated transport systems.

In the built environment we focus on the major challenge of reducing emissions from buildings, identifying opportunities for innovation and providing support for business to develop new products and services to meet these needs.

We are also creating a network of seven Catapult centres, to be set up by 2013. These will be world-leading centres aiming to transform the UK’s innovation capability in specific fields, and include facilities focused on offshore renewable energy, transport systems and future cities.