UKIPO awarded funding to explore AI
The UK Intellectual Property Office (IPO) is one of 15 public sector organisations that has been awarded funding to help drive innovation.
The £10 million ($13 million) Regulators’ Pioneer Fund, which was established under the UK government’s Industrial Strategy, will support 15 projects to boost innovation in the public sector and regulate the industries of the future.
These projects will use technologies such as artificial intelligence (AI) and robotics to improve efficiency and save the taxpayer money.
In an announcement published today, October 5, the IPO confirmed that its share of the funding (approximately £450,000) will allow the organisation to explore AI solutions for online processes for filing patents, trademarks and designs.
Tim Moss, CEO of the IPO, said: “This funding will enable us to further explore AI solutions to enhance and modernise the online filing process for IP rights. This supports the UK Industrial Strategy driving innovation, creativity and growth, and further endorses the fact that IP matters.”
In November last year, the UK government announced it would make an extra investment of £2.3 billion in research and development (R&D) in 2021/22, increasing total public investment in R&D to £12.5 billion that year.
The announcement was made ahead of the 2017 Autumn Budget.
At the time, UK Prime Minister Theresa May said, when writing in The Times newspaper, that one of her first actions in her role had been to begin the development of a modern Industrial Strategy.
“Our Industrial Strategy will propel Britain to global leadership of the industries of the future, seizing the big opportunities of our time—from AI and big data to clean energy and self-driving vehicles,” May said.
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