UK Canada Innovation Alternate funding competitors launches

The UK Canada AgeTech Innovation Alternate, a funding competitors for UK and Canadian companies, has launched to assist firms with improvements that deal with key wholesome ageing wants.

The UK Canada AgeTech Innovation Alternate will likely be providing funding eight firms from the UK and as much as 5 from Canada to participate in an in-person worldwide change go to. As well as, as much as 25 different firms from every nation will likely be invited to affix digital programmes designed to assist outline and develop their worth proposition.

Companies that win a spot on the programme will likely be supported by each UK and Canadian specialists, who’ve in-depth data of the wholesome ageing innovation ecosystem inside every nation. These specialists will likely be drawn from healthcare suppliers, academia and trade.

Dr Mandy Dixon, head of company engagement and wholesome ageing programme lead on the Northern Well being Science Alliance (NHSA), mentioned: “The UK Canada AgeTech Innovation Alternate programme brings collectively main specialists to assist firms which might be growing improvements that may enhance the well being and well-being of older folks for generations to return.

“As an exemplary life sciences cluster, the Northern Well being Science Alliance’s wholesome ageing community labored with companions from throughout the North of England, the UK and Canada to kind a consortium that can facilitate transformative options to assist an ageing inhabitants.”

The main focus is on modern options which might be already in-market or are able to be examined/validated in a real-world setting, and which have a perceived or potential important influence on a healthcare precedence.

The priorities for the funding competitors are: ageing at dwelling; well being care and well being service supply; cognitive and psychological well being; and autonomy and independence.

Firms have till February 3 2023 to apply for the Innovation Exchange, and winners will likely be introduced in March.

The programme is funded by Innovate UK. Companions from the UK embody: Division for Worldwide Commerce; Well being Innovation Manchester; Yorkshire and Humber AHSN; Innovation Company (North West Coast AHSN); AHSN for the North East and North Cumbria. Canadian companions embody AGE-WELL and CABHI.

Dr. Allison Sekuler, president and chief scientist, CABHI, mentioned: “The UK Canada AgeTech Alternate is a terrific instance of how nations working collectively can do extra for everybody. CABHI is thrilled to companion on this necessary initiative, supporting the event, unfold, and scale of modern UK and Canadian firms by our distinctive programming, companies, and platforms.”

One of many companions, Yorkshire and Humber AHSN recurrently runs its personal digital well being accelerator programme, Propel@YH, providing a six-month course of construction assist and recommendation to assist speed up firm development and market presence.