Sound Investments: The Importance of UK Government Innovation Support

Sound Investments: The Importance of UK Government Innovation Support reveals that Innovate UK has invested £14 million in UK music tech companies over the past five years – with every pound invested returning £1.25 in additional private investment. 

The research shows that Innovate UK’s investment amounted to 3.9% of total sector funding, and at least 14 funding recipients went on to raise £17.5m in follow-on private investment between 2020-2024, highlighting how public funding can serve as validation signal and stepping stone to larger investment rounds.