Innovate UK’s latest competition, Healthy Ageing Social Ventures, will invest £4 million in the development of products and services to support healthy ageing. The funding is from UKRI’s £98 million Healthy Ageing Challenge. It aims to help people remain active, productive, independent and socially connected for as long as possible.

All projects must deliver social impact and address one or more of the seven themes of the Healthy Ageing Challenge Framework:

  1. Living well with cognitive impairment
  2. Sustaining physical activity
  3. Maintaining health at work and work in later life
  4. Managing the common complaints of ageing
  5. Design for age-friendly homes
  6. Creating healthy active places
  7. Supporting social connections

This is phase 1 of a potential 2-phase competition, where only successful applicants from phase 1 will be eligible to apply to take part in phase 2. In phase 1, funding will be split across two strands:

  • Feasibility Studies

Up to £50,000 is available per feasibility study, which should involve planned research or critical investigation to gain knowledge and skills for developing new products, processes or services. Projects should last no longer than 12 months. They must start by 1st March 2022 and end by 28th February 2023.

  • Industrial Research

Organisations can apply for a share of £3 million and propose projects that last up to 24 months. Successful applicants will receive between £50,000 and £150,000 for prototyping and evaluation work. Projects should start before 1st March 2022 and end by 29th February 2024.

More information

Both strands open for applications on 19th July and close on 15th September 2021. More information is available on the competition pages: feasibility studies and industrial research. Prospective applicants can also attend a webinar on 15th July to learn more about the fund.

If you’re thinking of applying and want to increase your chances by working with a grant funding specialist, get in touch today.