Enabling data access in accountancy, insurance and legal services: Innovation Lab
Innovate UK, part of UK Research and Innovation, will invest up to £3.5 million to develop responsible data access or sharing methods in the accountancy, insurance and legal services sectors. These will enable the application of artificial intelligence (AI) and data technologies.
Individuals can apply to take part in a 3-day residential Innovation Lab on behalf of their organisation. The Innovation Lab will run from 14 to 16 October 2019. The participants will work together to develop collaborative proposals for research and innovation projects.
After the Innovation Lab, the project consortia will have 4 weeks to finalise their proposals before submitting them for assessment.
Not participating in the workshop does not exclude organisations or individuals from joining collaborations formed during the workshop as partners. The competition closes at midday 12pm UK time on the deadline stated.
The aim of this competition is to speed up the responsible adoption of AI and data technologies and solutions in the accountancy, insurance and legal sectors by enabling better access to data.
The process and activities within the Innovation Lab may be unconventional, challenging and unexpected. By submitting an application, you are agreeing to take part fully, enthusiastically and constructively.
Project proposals submitted after the Innovation Lab must focus on solutions that:
- identify and develop a data access method to enable AI application for one or more of the 3 sectors
- address incentives, opportunities and ongoing business models to ensure a sustainable data access approach
- consider broader, non-technical aspects of data access methods, including ethics, bias and privacy
Your proposal must:
- quantify how the solution can be exploited
- address regulatory issues and constraints
We are looking to fund a portfolio of projects across the 3 sectors and varying technological maturities.