The Healthy Ageing challenge, run by Innovate UK, aims to enable businesses and social enterprises to develop products that support people as they age, allowing people to remain active, independent and self-sufficient for as long as possible.
In partnership with Innovate UK, the UK’s innovation agency, Barclays Ventures has been selected as one of three investment partners for Innovate UK's 'Healthy Ageing Investment Accelerator'.
As further detailed below, grant funding provided by UK Research and Innovation (UKRI) will match certain equity funding by Barclays Ventures in UK businesses that are solving the UKRI Industrial Strategy ‘Healthy Ageing’ challenge.
What is the Investment Accelerator?
As part of their partnership with Innovate UK, three ‘Investment Partners’ have been selected to support innovative businesses solving ‘Healthy Ageing’ related core challenges. Certain equity funding provided by these Investment Partners will be matched by grant funding provided by UK Research and Innovation (UKRI),
How can I find out more about the programme?
Further details around the programme can be found on the UKRI programme webpage.
Who can apply for the Innovate grant?
Companies meeting the Innovate UK criteria for the Healthy Ageing Investment Accelerator programme will be invited to apply for a grant to match certain equity investment made by Barclays Ventures. Only companies receiving equity investment from Barclays or one of the other Investment Partners will be able to apply for the Innovate UK grant. Full eligibility criteria and other terms & conditions can be found on the UKRI programme webpage.
If you are interested in applying for the grant funding (having received equity funding from one of the Investment Partners), we suggest that you also read the following links to check whether you are eligible to receive the Innovate UK administered grant funding.
Who are the other investment partners?
When does the Investment Accelerator launch?
The official launch date is 11 June 2020. There are expected to be a series of 8-week application periods open over the next two years, where you can log an expression of interest with Innovate UK. Details can be found on the programme webpage.
How long does the programme last?
Approved projects must be completed by Friday 31 March, 2023.
How will funding be delivered?
Subject to the programme terms described above (including eligibility), Innovate UK will provide a non-repayable grant that matches the amount of Barclays eligible equity funding in successful businesses.
Who at Innovate UK can I contact for more information?
Dr. Helen Crampin
Innovation and Technology Lead, Healthy Ageing.
Tel: +44 7880 462 136
Email: Helen Crampin