Funding available to develop the next generation of services

Organisations can apply for a share of £12 million to transform accountancy, insurance and legal services.

 

UK Research and Innovation has up to £12 million to invest in projects that look at ways of applying artificial intelligence (AI) and data technologies to improve service industries, focusing on accountancy, insurance and legal services.

Industries such as accountancy, insurance and legal services face competition from overseas. There are also challenges including identifying and preventing fraud, meeting audit requirements, assessing risk and reviewing large quantities of text.

AI and data technologies could help to meet these challenges and make services more efficient, productive and competitive.

This competition is part of the next-generation services challenge, a £20 million fund to develop novel products and services that will transform the UK’s services industries.

The investment is under the government’s Industrial Strategy Challenge Fund. This seeks to bring together world-leading research and businesses in the UK to take on the major industrial and societal challenges of our time.

Find out more about the funding here.

Want to know more?

Organised by KTN on behalf of UK Research and Innovation, the CR&D briefing events present an opportunity for delegates to learn about the objectives and scope of the CR&D programme as well as a chance to form partnerships with businesses and academia for the competition.

Briefing events are running across the UK in June, with some already having taken place.

You can also watch the recorded webinar here.

The competition briefings will include:

• an opportunity to hear about the objectives and scope of the CR&D programme
• an opportunity to learn how to get involved in the CR&D programme
• opportunities to network and develop ideas and partnerships for the competitions
• an opportunity to meet with UKRI, KTN and wider stakeholders.