Deadline: 19-Oct-22
Organisations can apply for a share of up to £3 million, inclusive of VAT, to scale products and services to support healthy ageing.
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.
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.
Specific Themes
- Your project can focus on one or more of the following 7 themes from the Healthy Ageing Challenge Framework:
- Living well with cognitive impairment
- Sustaining physical activity
- Maintaining health at work and work in later life
- Managing the common complaints of ageing
- Design for age-friendly homes
- Creating healthy active places
- Supporting social connections
Funding Information
- A total of up to £3million, inclusive of VAT, is allocated to this competition.
- Projects must have total costs of between £200,000 to £500,000, inclusive of VAT, for each project for 6 to 12 months.
Eligible Projects
- In this competition you must:
- Address one or more of the 7 themes identified by the Healthy Ageing Challenge Framework to support people as they age
- Identify a clear route to market, scalability and sustainability for your product or service
- Have a validated business plan to scale your product or service and plan to scale by at least 25% of current baseline
- Include an evidence-based theory of change
- Provide evidence of an existing lead customer who is using your product or service and the plan to increase their uptake
- Detail a minimum of one and up to four new customers and an implementation plan for each
- Describe how scaling your innovation addresses critical social or environmental challenges
- Demonstrate a causal link between your business activities and achievement of your declared social or environmental impact
- Describe how all social impact will be measured, evidenced, and reported
- Outline your commitment to specific social outcomes, clearly identifying beneficiaries related to your social or environmental mission
- Explain how any profits after tax will be distributed so surpluses are used to achieve future social or environmental impacts
- Describe how ongoing collaborations between all members of the project team will develop
- Have the required ethical approvals, data sharing agreements and contracts in place
Eligibility Criteria
- To lead a project, you can:
- Be an eligible organisation of any size
- Work alone or with others from business, research organisations, research and technology organisations or the third sector as subcontractors
- As an organisation you must:
- Be a social enterprise and exist to provide benefits for society
- Have stated commitment to social outcomes for an identified set of beneficiaries related to your social or environmental mission
- Have objects in your constitutional documents, which form a constitutional lock, that protect your social or environmental mission
- Have a policy to distribute a portion of profits after tax, or be open to including one, so surpluses are used to achieve social or environmental impacts in the long term
- This competition will not fund any procurement, commercial, business development or supply chain activity with any Russian or Belarusian entity as lead or subcontractor. This includes any goods or services originating from a Russian or Belarusian source.
- Contracts will be awarded to a single legal entity only. However, if you can justify subcontracting components of the work, you can engage specialists or advisers. This work will still be the responsibility of the main contractor.
For more information, visit https://apply-for-innovation-funding.service.gov.uk/competition/1284/overview/e3db9043-944e-4410-a815-b8e91ade6aa8
