Grant funding for SME innovation projects, alongside investment from selected investor partners, in the health technology cluster in West Yorkshire.
Innovate UK, as part of UK Research and Innovation, will work with West Yorkshire Combined Authority to invest up to £2 million in innovation projects.
The projects will be led by ambitious UK registered micro, small or medium sized businesses (SMEs) who will use the funding to grow their innovation activities in the health technology cluster in West Yorkshire, both during and after the project.
This funding is from Innovate UK’s Launchpad programme which supports the UK government’s goals for local economic growth. This Launchpad is also supporting Health Innovation Yorkshire & Humber as the local cluster management organisation.
This competition brings together:
- Innovate UK’s expertise in identifying innovation and using grant funding to change the risk profile of businesses
- investor partners’ aligned funding and expertise in identifying opportunities and teams that can best use extra investment finance
- the ambition of West Yorkshire Combined Authority for innovation led growth in the health technology cluster
The aim of this competition is to provide support for your research and development and access to the capital investment that you need to develop and commercialise your innovations and grow your business.
To be successful, your project must be independently assessed by Innovate UK as fundable and receive investment, led or catalysed by the investor partner. A full list of our investor partners is provided at Innovate UK Investor Partners – UKRI. You will need to gain traction with one of these investor partners before you apply, and you must identify them in your application. We will contact them to confirm how the grant funding will impact the proposed investment, and the current stage of completion.
For feasibility studies and industrial research, the investment in your business must be at least equal to the grant funding from Innovate UK; for experimental development (projects closer to market) the investment must be at least double the grant funding.
Your project must focus on human health technology innovation. You can address any human health challenges that include, but are not limited to:
- overcoming health inequalities
- global net zero challenges in healthcare
- major health conditions
- the prevention of disease
- earlier and better detection and diagnosis of disease
- other challenges that can be tackled with health technologies
