Key Features
This is stage 1 of a 2-stage competition. A total fund of up to £2 million is on offer for stage 1 to conduct research and develop a business plan for a healthy ageing ‘trailblazer’. This funding is from the Industrial Strategy Challenge Fund.
Programme: Innovate UK
Award: Share of up to £2 million
Opens: 23rd Sep 2019
Closes: 27th Nov 2019
Overview
The Trailblazers aim to support businesses, including social enterprises, to develop and demonstrate how innovative services, business models and products which support people as they age, will be adopted at scale.
Scope
In stage 1, the aim is to develop a business plan and demonstrate readiness in order to obtain funding for your stage 2 Trailblazer project.
Innovate UK will fund a portfolio of projects across the 7 themes drawn from the Healthy Ageing Challenge Framework. This means they expect to fund a spread of projects across multiple areas. There is a particular interest in projects whose principal focus covers one or more of the first 3 of these 7 themes:
You should propose which themes from the framework will be the focus for your intervention. Successful applicants will be expected to look to exploit synergies across the multiple framework themes.
Although the focus is on the 7 themes, projects that address healthy ageing challenges outside of these themes will be considered.
Your proposed approach as an applicant must:
Your projects must outline:
Eligibility
To lead a project or work alone at stage 1 your organisation must:
Academic institutions cannot lead or work alone.
To collaborate and receive the competition funding together with the lead organisation you must:
Your project can include partners that do not receive any of this competition’s funding, for example non-UK businesses. Their costs will count towards the total eligible project costs but they will not count as collaborators.
Funding Costs
There is up to £2 million to fund innovative projects for stage 1.
Your stage 1 project’s total eligible costs may be up to £100,000. They must start by 1 June 2020 and end by 30 October 2020. They can last up to 5 months.
Each UK registered partner can claim a percentage of grant funding. The amount you can claim depends on the size of your organisation.
For stage 1 feasibility studies, you could get funding for your eligible project costs of:
Any research organisations in your consortium can share up to 30% of the total eligible project costs. If your consortium contains more than one research organisation, this maximum is shared between them.
Stage 2 of this competition is expected to open in Autumn 2020. Stage 2 projects must collaborative and be able to provide at least 50% match funding.
Exclusions
Innovate UK are not funding: