Tim Evans in Tech & Digital

28/09/2016

The Deadline for the Interactive Healthcare Fund has been Extended

Creative England is working in partnership with a number of regional Academic Health Science Network partners 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, Greater Manchester AHSN, West Midlands AHSN, the Heart of England NHS Foundation Trust, South West AHSN, West of England AHSN and SETsquared.

What activity we support

We are 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 our Guidelines.

How much is available?

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. Please see our Creative England Investments FAQs for more clarification on the types and terms of our investments.

*Please note that for the South West Fund investments of
£25,000 to £50,000 are available, with the potential to receive up to £200,000. All other Funds are distributed as investments of £50,000 to £200,000.

Apply now

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.

To read a blog on Creative Businesses and the Digital Healthcare Revolution by Creative England CEO Caroline Norbury, head here.

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