Funding Available: £1.5 million
Deadline: 11th November 2016
GM AHSN is working with Creative England and a number of the other Academic Health Science Networks to support the development of priority digital healthcare products and services that will benefit communities in England outside of London. We are partnering with Yorkshire and Humber AHSN, West Midlands AHSN, the Heart of England NHS Foundation Trust, South West AHSN, West of England AHSN and SETsquared.
The partnership is looking to invest in small or medium enterprises (SMEs) who are in an advanced stage of developing and commercialising digital products for the healthcare sector. We are not looking to invest in products that are currently in a research and development stage, but products at advanced prototype/beta testing to full market ready positions. Successful applications will need to demonstrate a clear business proposition and the capacity for business growth. Investments will be contracted to job creation and/or safeguarding commitments at a rate of one job per £7,000.
Submissions are particularly welcomed from SMEs that can already demonstrate a degree of market traction in terms of sales and/or who can demonstrate existing involvement with the NHS. For further details, please see Creative England's Guidelines.
The fund totals £1.5m which is distributed as investments of £50,000 to £200,000 per application*. Each investment must be matched 50/50 by funding from the applicant company. Each investment will be made on commercial terms as either a revenue share, business loan or equity investment. The terms of our investment will be set out in a funding agreement between Creative England and the applicant company.
The programme will remain open until the 11th November 2016 or until funds have been exhausted. Once you are ready to apply click on the link below and complete our Expression of Interest application form.