Organisations can apply for a share of up to £3 million, inclusive of VAT, to scale products and services to support healthy ageing.
Programme: Innovate UK
Award: Share of up to £3 million
Opens: 5th Sep 2022
Closes: 19th Oct 2022
This is a Small Business Research Initiative (SBRI) competition funded by Innovate UK, part of UK Research and Innovation (UKRI).
The aim of the competition is to fund Social Ventures with the ability to scale and deliver social impact. Your proposal must address one or more of the 7 themes of the Healthy Ageing Challenge Framework.
This is a single-phase competition.
In applying to this competition you are entering into a competitive process.
Any adoption and implementation of a solution from this competition would be subject to a separate, possibly competitive, procurement exercise. This competition does not cover the purchase of any solution.
This competition closes at 11am UK time on the date of the deadline.
The aim of this competition is to enable businesses with a social purpose to scale up existing innovative products, processes and services where the innovation element is at a Technology Readiness Level (TRL) between 3 and 7.
In this competition you must:
Contracts will be given to successful applicants.
You must demonstrate a credible and practical route to market, so your application must include a plan to commercialise your results.
Your project can focus on one or more of the following 7 themes from the Healthy Ageing Challenge Framework:
Innovate UK will not fund projects that:
A total of up to £3million, inclusive of VAT, is allocated to this competition.
The R&D contracts will be between £200,000 to £500,000 inclusive of VAT, for each project for 6 to 12 months. We expect to fund between 6 and 12 projects.
The total funding available for the competition can change. The funders have the right to apply a ‘portfolio’ approach.
The contract is completed at the end of the competition, and the successful organisation is expected to pursue commercialisation of their solution.
Value Added Tax (VAT)
You must select whether you are VAT registered before entering your project costs.
VAT is the responsibility of the invoicing business. We will not provide any further advice and suggest you seek independent advice from HMRC.
If you select you are VAT registered, you must enter your project costs in your application exclusive of VAT. As part of the application process VAT will be automatically calculated and added to your project cost total. Your total project costs must not exceed £500,000
Not VAT registered
If you select you are not VAT registered, you must enter your project costs in your application exclusive of VAT and no VAT will be added. You will not be able to increase total project costs to cover VAT later should you become VAT registered. Your total project costs must not exceed £500,000
Research and development
Your application must have at least 50% of the contract value attributed directly and exclusively to R&D services, including solution exploration and design. R&D can also include prototyping and field-testing the product or service. This lets you incorporate the results of your exploration and design and demonstrate that you can produce in quantity to acceptable quality standards.
R&D does not include:
Book an appointment to speak to one of our advisors to discuss your eligibility to apply for this Grant Funding opportunity.