Health Innovation Funding Opportunities

Featured health innovation funding opportunities:

NIHR i4i Connect Opens: 6 December 2022

i4i Connect is aimed at small-to-medium-sized enterprises (SMEs) developing medical devices, in vitro diagnostics and Tier C digital health technologies with direct patient benefits, looking to ultimately integrate into the NHS. The funding stream aims to help SMEs reach the next stage in the development pathway to apply for further funding, in particular for an i4i Product Development Award. i4i Connect is researcher-led and does not specify topics for research.

General health innovation funding opportunities:

Innovate UK Smart Grants: January 2023 Deadline: 26 April 2023
UK registered organisations can apply for a share of up to £25 million for game-changing and commercially viable R&D innovation that can significantly impact the UK economy. This funding is from Innovate UK, part of UK Research and Innovation.

UK-Singapore Collaborative R&D Round 2. Deadline: 3 May 2023

UK registered businesses can apply for a share of up to £5 million for the purpose of developing innovative proposals with Singapore.

Innovate UK:
Innovate UK is part of UK Research and Innovation, a non-departmental public body funded by a grant-in-aid from the UK government.

UK – Germany Bilateral: Collaborative R&D Deadline: 7 June 2023
UK registered organisations, collaborating with at least one German SME applying under the equivalent German ZIM programme, can apply for a share of up to £4 million for collaborative research projects resulting in innovative solutions.

Biotechnological and Biological Sciences Research Council. Deadline: 3 May 2023
Biotechnology and Biological Sciences Research Council, part of UK Research and Innovation, is a non-departmental public body, and is the largest UK public funder of non-medical bioscience. It predominantly funds scientific research institutes and university research departments in the UK.

BBSRC standard research grant. Deadline: Open call

You can apply for research grants at any time in any area within the remit of BBSRC. BBSRC funds research in plants, microbes, animals (including humans), and the tools and technology underpinning biological research from the level of molecules and cells, to tissues, whole organisms, populations and landscapes.

Data at Scale Improvement Projects

The London Health Data Strategy programme has announced funding and support for new Improvement Projects to use pan-London data to improve health outcomes.

NHS organisations, academia and the healthcare industry are invited to apply to lead innovative new projects in healthcare outcome improvement, planning, clinical research and product research and development.

Defence and Security Accelerator (DASA)
DASA aims to find and fund exploitable innovation to support UK defence and security quickly and effectively, and support UK prosperity.

Trusts and Charities

The Health Foundation (HF)
HF’s aim is a healthier population, supported by high quality health care that can be equitably accessed. HF learns what works to make people’s lives healthier and improve the health care system. From giving grants to those working at the front line to carrying out research and policy analysis, they shine a light on how to make successful change happen.

The British Heart Foundation (BHF)
BHF provide personal support for clinical and non-clinical cardiovascular researchers at all stages of their career. They also provide grants for short and long term research projects, essential infrastructure and strategic initiatives.

Association of Medical Research Charities
Over 30 years ago a small, diverse group of medical research charities form the Association of Medical Research Charities (AMRC) to unite the sector and provide it with a leading voice. Since then their membership has grown to over 140 charities. In 2018, these charities invested £1.3 billion in medical research.

Other UK Government, Seed Funds & Loans

The British Business Bank (BBB) Applications: Open

BBB are a government-owned business development bank dedicated to making finance markets work better for smaller businesses. Whether you’re looking for finance to start a business, grow to the next level, or stay ahead of the competition, they say that they can deliver greater volume and choice of finance.

Creative England Investments Applications: Open

Creative England is supporting SMEs by providing competitive loans to digital businesses in order to make their growth plans a reality. The investments on offer are intended to fuel this fast-growing sector by financing business expansion and new products, leading to the creation of new high-quality jobs and Intellectual Property (IP). Loans from £50,000 – £250,000 are available with repayment terms ranging from 3-36 months. Interest rates range from 5% – 10%, depending on the risk profile of the applicant. This includes companies from within the digital healthcare sector.

HSBC Loan Fund Deadline: Open

HSBC UK has announced a £14 billion lending fund to support the UK’s small and medium-sized enterprises (SMEs). The Fund includes a ring-fenced £1 billion to help UK companies grow their business overseas, as well as a broader package of support. The initiative is available to UK businesses with a turnover of up to £350 million. Applicants do not need to be an HSBC customer to apply.

International Grants

Global Innovation Fund Applications: Open
GIF focuses on solutions that have the potential to address an important development problem more effectively than existing approaches, can come from anyone, anywhere. They seek out innovations they believe have the greatest potential to improve the lives of millions of people living in poverty.

The EIC Accelerator: Open Competition (Grants only)
The EIC Accelerator supports individual Small and Medium Enterprises (SMEs), in particular Startups and spinout companies to develop and scaleup game-changing innovations.

Other international funds of interest:

NICA Healthy Ageing Accelerator: China Competition
The Global Challenges Research Fund
The Newton Fund