Investors can apply to partner with Innovate UK to align their investments with up to £12million grant funding in UK-registered SMEs delivering innovation in the healthy ageing market. This funding is from the Industrial Strategy Challenge Fund.
Innovate UK, as part of UK Research and Innovation, is inviting investors to partner with them for this healthy ageing investor partnership programme. Together you will align Innovate UK’s grant funding of relevant R&D projects alongside your investment in UK micro, small and medium-sized enterprises (SMEs) concerned with developing products, services or business models, which address one or more of the seven themes of healthy ageing.
Innovate UK are seeking investor partners that are looking to invest in high-growth potential SMEs that aspire to finding solutions to address the issues associated with ageing well. The SMEs will be selected in a later competition.
The aim of this programme is to encourage investment in innovative companies with developed technologies that are working towards providing five extra years of healthy active life while also addressing social inequalities. Investor partners must provide wider business skills and experience as well as financial investment.
The Healthy Ageing investor partnership programme consists of two competitions:
- This investor partner selection competition
- The SME competition opens in spring 2021. This will be for SMEs to submit project applications for grant support with a clear alignment for private investment.
Cresco Innovation works with companies to develop and implement innovation strategies. We help client companies identify opportunities to develop new products and services, and then create a package of support to ensure that the idea is turned into a commercial reality.
Our services include securing grants (as a team we have raised around £40million over three years), business planning, IP advice, access to finance and funders, project management and IP commercialisation support.
We regularly act as the interface with the funding bodies and help clients ensure that their projects are properly managed to ensure the best outcome for all.