UK Research and Innovation (UKRI) is pleased to announce the launch of the upcoming SBRI Healthy Ageing Scaling Social Ventures Competition, from UKRI and our Healthy Ageing Challenge.
The healthy ageing market we are investing in is diverse. It ranges from helping people remain physically active through to managing the impacts of ageing, such as hearing loss and cognitive impairment. On the way, innovations will help people live independently in their own homes for longer and enable them to remain engaged with their communities. These solutions will address Healthy Ageing’s ‘seven themes of ageing,’ described here.
Launching on 5 September, the competition aims to help companies achieve this mission by awarding a total of £3m. With grants for eligible project costs being allocated across one funding stream aimed at scaling existing products and services. Businesses will be able to apply for grants between 250K and 500K.
To discuss this further, an online briefing event is being held on 14 September to explain how the SBRI for Scaling Social Ventures will work, how businesses can apply and what UKRI are seeking.
During the briefing event there will be an opportunity to register for a 1-to-1 session with Innovate UK colleagues to address specific questions.
Agenda
10:00 – General introductions
10:05 – Healthy Ageing Challenge overview
10:15 – Introduction to Scaling Social Ventures SBRI competition
10:35 – SBRI overview
10:45 – IFS application process
Headed up by our Investment and Technology Innovation Lead, Dr Helen Crampin
The 100% funding provided by this competition, recognises the valuable contribution social enterprises make to society. I’m really looking forward to supporting you through the competition process and ensuring you get the best chance possible of securing this great funding opportunity.
Are you eligible? Do you meet the following requirements?
- Exist to provide benefits to society
- Have stated commitment to social outcomes for an identified set of beneficiaries related to the social mission
- Have objects in constitutional documents, which form a constitutional lock, that protect the mission
- Have the policy to distribute profits after tax, or plan to have one, so surpluses are used to achieve social or environmental impacts
- Have the capacity and capability to scale your product or service by 25% of the current baseline activity
After the event our online networking tool, Meeting Mojo will be available for use for you to speak to the meeting hosts.