Digital healthcare start-ups urged to apply for share of £1m fund
Creative England and Nominet Trust-backed regional fund to invest in small firms that improve patient care and health services
Not-for-profit innovation organisation Creative England today announced the launch of a new £1m fund, set to back innovative healthcare start-ups in the creative and digital sectors.
Set to be released across four distinct programmes, the first £250,000 West Midlands Interactive Healthcare Fund will back five businesses based in the North, Midlands and South West regions with £50,000 investment each.
Backed by Startups Awards sponsor Nominet Trust and Heart of England NHS Foundation Trust, the Interactive Healthcare Fund will invest in businesses with projects which focus on improving quality of care generally, caring for people with dementia, supporting people with long-term conditions, and healthcare data visualisation.
The remaining £750,000 will be allocated across three additional programmes, the details of which are yet to be announced.
Applications will be assessed on a rolling basis, and the Fund will close for applications on 31 October 2014.
Dan Sutch, head of development research at Nominet Trust, said: “The UK has exceptional talent in the creative development and use of digital technology.
“Through this partnership we will support that entrepreneurial talent to work in collaboration with the healthcare sector and use their combined knowledge and expertise to find innovative solutions to some of the UK’s most pressing healthcare challenges.”
Bethan Bishop, head of innovation & industry engagement at Heart of England NHS Foundation Trust, added: “This partnership provides an extremely exciting opportunity for all involved. It enables us to give insight into the areas of healthcare which will benefit from existing & new technology sitting within creative businesses.
“Importantly the fund will deliver the vital investment required to enable these developments to be used and make a real difference across healthcare services and the health & wellbeing of patients and the community.”
Interested businesses can apply through the West Midlands Interactive Healthcare Fund website.