UK Canada Innovation Exchange funding competition launches

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

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

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 Change programme brings collectively main specialists to assist firms which can be creating improvements that may enhance the well being and well-being of older folks for generations to come back.

“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 revolutionary options which can be already in-market or are able to be examined/validated in a real-world setting, and which have a perceived or potential important impression on a healthcare precedence.

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

Corporations have till February 3 2023 to apply for the Innovation Exchange, and winners can be introduced in March.

The programme is funded by Innovate UK. Companions from the UK embrace: 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 embrace AGE-WELL and CABHI.

Dr. Allison Sekuler, president and chief scientist, CABHI, mentioned: “The UK Canada AgeTech Change is a terrific instance of how international locations working collectively can do extra for everybody. CABHI is thrilled to associate on this essential initiative, supporting the event, unfold, and scale of revolutionary UK and Canadian firms by means of our distinctive programming, providers, and platforms.”

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