In 2014, Innovate UK and the Knowledge Transfer Network launched the Venturefest Network. Their support and commitment, combined with that of innovation communities around the UK, will enable Venturefest Network to support twelve Venturefest events across the UK by 2016.

The Venturefest Network seeks partnerships with other national organisations, both public and private, that would benefit from raising their profile and engaging with innovation communities across the UK. It is the aim of Venturefest Network to seek alternative sources of income in order to reduce its dependence on scarce public sector funding.