Directory for innovators
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The British Business Bank
BBB are a government-owned business development bank dedicated to making finance markets work better for smaller businesses. Whether you’re looking for finance to start a business, grow to the next level, or stay ahead of the competition, they say that they can deliver greater volume and choice of finance.
Dunhill Medical Trust: Project Grants for development of care and support services for older people.
Dunhill Medical Trust are seeking time-limited projects which focus on the development of care and support services for older people which are innovative and/or based on evidence of best practice and which can become self-sustaining within a planned period.
British Heart Foundation: Strategic Initiatives
BHF will enter into dialogue with major research institutions to identify potential large capital needs for their cardiovascular research strategy. By so doing, BHF hope that they will be able to indicate at an early stage to what extent the BHF may be able to contribute to the overall costs of the strategy, thereby allowing the institution to lever additional funds from other sources.
Wellcome Trust Innovator Awards
Up to £500K. These awards support researchers who are transforming great ideas into healthcare innovations that could have a significant impact on human health.
The Health Foundation have invested more than £120m over the last 15 years to help improve the quality of care for the public.
Economic and Social Research Council (ESRC): Research Grants.
If you have an excellent idea for a research project, the EPSRC have their Research Grants open call. Awards ranging from £350,000 to £1 million (100 per cent full Economic Cost (fEC)) can be made to eligible institutions to enable individuals or research teams to undertake anything from a standard research project through to a large-scale survey and other infrastructure or methodological development.
Open Competition: Rapid Impact Innovations
Proposals in this category are encouraged for projects which have a realistic prospect of achieving an impact within a 3 year time frame from the commencement of the project. In this category, there is an expectation that proposals will be funded only if there is a strong customer pull and capability need for the idea. Accordingly, additional effort will be required by suppliers to ensure there is positive user interest in the idea before submitting a proposal.
Open Competition: Emerging Innovations
In this category, DSTL are encouraging the submission of proposals across a wide range of technology areas with the aim of finding new and novel opportunities for these to be exploited across Defence and/or Security. Emerging innovations are viewed as those which will deliver a proof of concept at around Technology Readiness Level (TRL) 3 or 4, which in outline means delivering a proof of concept, with component and/or sub-system validation in laboratory-style environment by the end of your proposed work.
The SME Innovation Fund will provide investment and provide excellent links to the NHS, investment community and academic networks. In doing so the fund will support innovations that have the potential to deliver a high impact for society, grow the reputation of the West Midlands health services and lead the adoption of new innovations in the NHS. Successful applicants will get: • Convertible loans of £25,000 - £100,000 • Unparalleled access to future investment capital • Regular mentor workshops from industry experts including experienced life sciences entrepreneurs. • Key contacts in the NHS and healthcare sectors I you would like to discuss the SME fund in more detail please contact the WMAHSN Head of Innovation Exchange, Tammy Holmes firstname.lastname@example.org
Funding Opportunities for members
A useful list of funding sources currently available to Health Innovation Network members from public and private sector sources.
Innovation Grants 2019
Every year we fund at least 10 projects that either support innovative practice that could be spread and adopted across the health and social care landscape or encourage cross-boundary working in areas of research, education and improvement in healthcare services with grants of up to £10,000.