New Small Business Research Initiative (SBRI) to fund social ventures with the ability to scale and deliver social impact

Organisations can apply for a share of up to £3 million to scale products and services to support healthy ageing.

Innovate UK, part of UK Research and Innovation, is funding a new SBRI to fund social ventures with the ability to scale and deliver social impact.

The competition aims 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.

To be eligible to apply to this competition, you must address one or more of the seven themes identified by the Healthy Ageing Challenge Framework to support people as they age:

●        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

You must also identify a clear route to market, scalability and sustainability for your product or service, and have a validated business plan to scale your product or service and plan to scale by at least 25% of the current baseline.

See: Competition overview - SBRI: Healthy Ageing scaling social ventures - Innovation Funding Service (apply-for-innovation-funding.service.gov.uk)