Project funding

Medtech Innovation Grants

Having access to the right knowledge and expertise is an essential part of successfully developing and commercialising new products and services for the health and care market.

MedTech Navigator Innovation Grants from Health Enterprise East are designed to facilitate interactions between Small and Medium-sized Enterprises (SMEs) in the East of England and eligible knowledge providers, such as NHS Trusts or Universities, during the product development process. Each Innovation Grant is worth 50% of the total project costs up to a maximum of £15,000, with businesses paying the remaining 50% and any project costs over and above the £15,000 cap.

The grants are designed to help SMEs gain access to the right knowledge and expertise during the product development process from eligible Knowledge Providers. Typical projects might include:

  • Helping to develop, or test, new or improved products, processes and services
  • Access to information and expertise on care pathways and workflows
  • Tapping into clinical and scientific expertise

Funding opportunities to innovate

Innovate UK have a range of funding programmes currently open for applications. They include:

  • UK micro, small and medium-sized enterprises (SMEs) can apply for a share of up to £2.5 million for industry led civil aerospace research projects.
  • UK registered businesses can apply for a share of up to £30 million to develop integrated aviation systems and vehicle technologies that enable new classes of electric or autonomous air vehicles.
    • Strand 1, the ‘fast track’ strand encourages applications from smaller businesses and organisations who may not work within the aerospace or aviation sector.
    • Strand 2 will focus on larger projects and encourage applications that seek to integrate technologies and systems.
  • Opportunity to apply for a share of up to £25 million to deliver ambitious or disruptive R&D innovations that can make a significant impact on the UK economy through the Innovate UK Smart Grants: May 2020.

Covid-19 Capital Grant Scheme

The Cambridge and Peterborough Combined Authority’s ‘Covid-19 Capital Grant Scheme’ offers grants from £2k to £150k to small and medium-sized businesses for new capital investment projects. The object of the scheme is to help the qualifying companies strengthen their capacity to survive the emergency and bounce back strongly when it passes.   

Examples of investments which could attract such grants include buying new kit, building new extensions, the updating of production lines, IT infrastructure, and upgrading logistics.

This Grant Scheme is now paused as it is over-subscribed. However, you can still register your interest by completing an application form.

Funding for space enabled solutions to the Coronavirus crisis

An initial £2.6 million is being made available to fund a number of projects to develop hi-tech solutions to the challenges created by the Coronavirus crisis, in a joint initiative with the European Space Agency (ESA) in support of NHS England. The space-enabled solutions could include satellite communications, satellite navigation, Earth observation satellites or technology derived from human spaceflight. The funding is for projects which will address at least one of the following:

  • Logistics within the health delivery system, for example, with drone deliveries
  • Managing infectious disease outbreaks
  • Population health and wellbeing
  • Recovering health system function and handling backlogs after the crisis
  • Preparedness for future epidemics

Emergency funding for food redistribution

Funding is available from WRAP and Defra to assist surplus non-for-profit food redistributors in overcoming challenges that they are currently facing in obtaining surplus food from food businesses (such as retailers and food manufacturers) and distributing this to people in need or those considered vulnerable. The grant can be used to fund both capital and revenue costs associated with redistribution activities such as:

  • access to surplus food through logistical collections
  • sorting, storing, freezing, labelling / repackaging food
  • onward distribution of food to charities or end beneficiaries

Get funding for ideas that address COVID-19

Funding of up to 80% of project costs is available from UK Research and Innovation for short-term projects that address and mitigate the health, social, economic, cultural and environmental impacts of the COVID-19 outbreak. Excellent proposals of 12-18 months duration will be supported which meet at least one of the following:

  • new research or innovation with a clear impact pathway that has the potential (within the period of the grant) to deliver a significant contribution to the understanding of, and response to, the COVID-19 pandemic and its impacts
  • supports the manufacture and/or wide scale adoption of an intervention with significant potential
  • gathers critical data and resources quickly for future research use

Grants to support the reuse or recycling of textile waste

WRAP is offering £1.5 million in grants to support projects that provide innovative ways for textile waste to be recycled or re-used, keeping it out of landfill or incineration so that it remains a valuable resource.

The grants, of between £20,000 and £170,000, are available to organisations of any size, both commercial and not-for-profit. The money is for capital expenditure only; either for equipment or technologies (excluding software and apps) that enable recycling or re-use of clothing or linen waste textiles. Each project will require match funding: 10 per cent from not-for-profit and 50 per cent from commercial organisations. Successful projects will need to demonstrate “innovation beyond normal practice” and will be assessed against a number of criteria. The deadline for applications is 18 June 2020.

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