What Next? Potential Sources of Funding for your Solution…

After a great couple of days…. The Judges are debating on the winning pitch… There are some cracking solutions in this room to the Care Home Challenge… It doesn’t have to end here…. What next…?

What Next? How can you develop & implement your solution? –Collaboration… –Create & Implement a project plan… –Build a Business Case to present to your Snr Leadership… –Invite people to help you develop your proof of concept… –Funding?

Funding opportunities Some of your solutions might require some investment to properly develop Options for this: –Private Equity –Loans –Venture Capital –Match Funding –Grants & Donations

Innovation Funding Landscape – What is Out There???

SBRI Healthcare Programme The Small Business Research Initiative (SBRI) Healthcare is an Eastern Academic Health Science Network led programme for NHS England, delivering the Innovation Health and Wealth agenda

SBRI Healthcare Programme of competitions inviting companies to come forward with their ideas and new technologies for known NHS challenges Initial identification of unmet need, undertaken by clinicians Which become the subject of the calls SMEs & early stage businesses get 3 stages of funding for product development

Key Features for Innovators The application process is fast-track and simple You get a fully-funded development contract - not a grant SBRI is particularly suitable for SMEs You keep your intellectual property You’re free to develop and sell your innovation in other markets

Reducing pressure on urgent and emergency care Minimising the impact of falling Addressing functional needs in the elderly Telehealth&telecare for people with learning disabilities Musculoskeletal Medicine adherence Past Competitions: Themes

SBRI Healthcare’s Current Call

Current Funding Call Deadline for applications is 28 th July

SBRI Healthcare Programme Calls are published once or twice a year, and if the current call doesn’t fit your solution the next one might!

What Else?

Innovate UK funding competitions cover the following industry sectors: –emerging and enabling technologies –infrastructure systems –health and life sciences –manufacturing and materials –open programme (not sector based) You can apply for funding to test the feasibility of your idea, research and develop it and demonstrate it in a prototype

For More Details: delivery-plan-2016-to-2017

What Else?

Innovation Agency has done a review other UK funding sources Calls currently open or will open in the future Health & Care space Funds that cover: –Capital, Infrastructure& Premises, Financial Assistance, Innovation, Marketing & Promotional Activities, Start-up, Development & Growth, Community Projects, Education and Learning Training, Health Awareness & Preventative Measures, Health Care & Support, Minorities & Under-Represented Groups, Social Relief & Welfare, Support for Disadvantaged Groups

OVER 300 sources of potential funding! Information on all of these and Innovate UK will be ed to delegates after the event

OVER 300 sources of potential funding! Info on all of these and Innovate UK can be downloaded from the Innovation Agency Website after the Hack!

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