Glossary

Quick reference for acronyms and terms used across the vault.

Funding bodies

• Innovate UK — UK national innovation agency, part of UKRI
• UKRI — UK Research and Innovation; umbrella for research councils
• EPSRC — Engineering and Physical Sciences Research Council
• AHRC — Arts and Humanities Research Council
• ESRC — Economic and Social Research Council
• MRC — Medical Research Council
• NIHR — National Institute for Health and Care Research
• DSIT — Department for Science, Innovation and Technology (UK)
• AISI — UK AI Security Institute (was AI Safety Institute)
• NPL — National Physical Laboratory (UK)
• HaDEA — European Health and Digital Executive Agency
• EIC — European Innovation Council
• HEIF — Higher Education Innovation Fund (UK)

Funding schemes

• KTP — Knowledge Transfer Partnership
• ICURe — Innovation to Commercialisation of University Research (now called I-Corps in some contexts)
• FLF — Future Leaders Fellowship (UKRI)
• BRAID — Bridging Responsible AI Divides (AHRC programme)
• DASA — Defence and Security Accelerator
• EIS / SEIS — Enterprise / Seed Enterprise Investment Scheme

Standards / regulators

• BSI — British Standards Institution
• ART/1 — BSI committee on Artificial Intelligence (UK mirror of SC 42)
• ISO/IEC JTC 1/SC 42 — International standards subcommittee on AI
• IEEE SA — IEEE Standards Association
• NIST AI RMF — National Institute of Standards and Technology AI Risk Management Framework
• EU AI Act — Regulation (EU) 2024/1689
• ISO/IEC 42001 — AI management system standard
• ICO — Information Commissioner's Office (UK)
• FCA — Financial Conduct Authority (UK)
• MHRA — Medicines and Healthcare products Regulatory Agency (UK)
• SRA — Solicitors Regulation Authority (UK)
• PRA — Prudential Regulation Authority (UK)
• OECD AI — OECD AI Policy Observatory

RAIDT-specific

• RAIDT — Responsibility, Auditability, Interpretability, Dependability, Traceability — the governance framework
• RAIT — RAI Tracker, the planned SaaS product implementing RAIDT
• Run-level evidence pack — bounded record of one configured GenAI run
• Configured run — one bounded execution of a GenAI system for a defined task at a specific time
• Scoring profile — 1–5 assessment across the 5 RAIDT pillars
• DSR — Design Science Research (methodology)

Commercial

• NDA — Non-Disclosure Agreement
• MoU — Memorandum of Understanding
• LoI — Letter of Intent
• fEC — full Economic Cost (UKRI funding model)
• ARR — Annual Recurring Revenue
• MRR — Monthly Recurring Revenue
• TM / ® — Trade Mark (™ pending; ® registered)
• OOR — Owner of Record (for IP)
• IP — Intellectual Property
• SaaS — Software as a Service
• PaaS — Platform as a Service
• R&D — Research and Development
• TT — Tech Transfer (university IP commercialisation)
• RIS — Research and Innovation Services (Portsmouth)

Governance bodies / programmes

• RAi UK — Responsible AI UK (UKRI-funded national network)
• AI Standards Hub — Turing-led with BSI and NPL
• NHS Transformation Directorate — successor to NHS AI Lab
• HDR UK — Health Data Research UK
• CDEI — Centre for Data Ethics and Innovation (now part of DSIT)

AI / ML technical

• GenAI — Generative AI
• LLM — Large Language Model
• RAG — Retrieval-Augmented Generation
• PEFT — Parameter-Efficient Fine-Tuning
• LoRA — Low-Rank Adaptation
• RLHF — Reinforcement Learning from Human Feedback
• DPO — Direct Preference Optimization
• MRM — Model Risk Management (financial services)

Notes

• Add new acronyms as encountered
• Reference: this glossary should be on hand during any meeting or pitch