Companies with innovative healthcare solutions are invited to apply for a share of £300,000 Health Innovation Manchester funding.
The fund is primarily looking for innovations that enhance mental health or community-based care. Small and medium-sized enterprises with innovations which are either market ready or close to being market ready are welcome to apply however all applications must include evidenced involvement from an NHS or social care organisation from Greater Manchester or Eastern Cheshire.
Applicants may apply for funding up to a maximum value of £50,000 and can be used for a variety of projects to advance their innovation, including market research, evaluation, clinical testing, third party professional fees and activities that will enable early stage revenue generation, such as limited production and sales.
Richard Deed, Associate Director for Industry at Health Innovation Manchester, said: “Following the earlier successful funding rounds, we are delighted to launch the Momentum fund and look forward to supporting more SMEs and healthcare innovators within this round.Previous Momentum Fund recipients have gone on to bring their innovations to market and have begun to make a real difference within Greater Manchester and beyond.’
Digital health technology Keep On Keep Up, successfully applied for funding from Health Innovation Manchester in order to test the effectiveness of their app and take the innovation closer to market.
Keep On Keep Up, created by The University of Manchester with Jigsaw Homes Group and Reason Digital, aims to empower older people to self-manage their health and maintain their independence and quality of life for as long as possible. The fun and informative app works by motivating people to engage in appropriate exercises that will improve their balance, muscle strength and power while also improving their awareness of simple changes that can be made to their environment and diet to help prevent falls and promote bone health.
Through Momentum funding, the team were able to undertake critical user testing, recruit a researcher to evaluate the effectiveness of the app and work with NHS Digital on safety compliance. The funding also enabled them to establish a Community Interest Company to take Keep On Keep Up to market.
Successful applicants will be invited to submit a full application and deliver a pitch to a review panel. Winners are expected to be announced in March, 2019.
For more information and to apply via the Innovation Nexus Portal visit: https://healthinnovationmanchester.com/the-innovation-nexus/innovation-support/funding/momentum-fund/
