Based in Swindon, Innovate UK is the UK's national innovation agency that provides funding and support for business and research collaborations to accelerate innovation. They focus on industries such as software and pharmaceuticals and typically invest in startups that are 6-10 years old. Some of their popular portfolio startups include F2G, Sky Medical Technology, and Genomics. Innovate UK is often involved in 13-24 deals per year and has a higher rate of exits compared to other organizations. They typically invest in rounds with 1-2 participants and the average investment amount ranges from $100,000 to $1 million.