Knowledge Exchange and Innovation (£ Million) 2003-04 2004-05 2005-06 2006-07 2007-08 Grant Grant Grant Grant Grant 1.8 2.4 3.1 4.1 5.1 The Knowledge Exchange and Innovation budget includes expenditure on the SEEKIT, Knowledge Transfer Partnership, Genesis Faraday, Intellectual Asset Centre and Innovator Counselling and Advisory Service for Scotland schemes plus ad-hoc activity normally funded under the provisions of the 1965 Science and Technology Act.