Finance

28th May 2021

The Ageing Society Grand Challenge Mission: Investment Accelerator

UK Research and Innovation (UKRI) is pleased to be working in partnership with private investors, Barclays Ventures, Legal & General and Northstar Ventures, to support UK SMEs and Start-Ups looking to develop and take to market innovations that address the ISCF healthy ageing challenges.

 

It has also just been announced that UKRI will be additionally working with two new investors, 24 Haymarket & NESTA.

 

The healthy ageing market we are investing in is very 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 the ISCF for Healthy Ageing’s ‘seven themes of ageing’ which are described in the link above.

 

As part of their partnership with Innovate UK, ‘Investment Partners’ have been selected to support innovative businesses solving ‘Healthy Ageing’ related core challenges. Certain equity funding provided by these Investment Partners will be matched by grant funding provided by UK Research and Innovation (UKRI). Only companies receiving equity investment from one of the Investment Partners will be able to apply for the Innovate UK grant.

 

For further information you may also visit the Investor Partners’ websites:

Barclays Ventures

Legal & General

Northstar Ventures

24 Haymarket: contact helen.crampin@innovateuk.ukri.org for further information

NESTA: contact healthyageing@nesta.org.uk for further information

 

The final competition dates that SMEs can apply directly to the 3 investors are outlined below:

Open: 13/05/2021

Close: 07/07/2021

 

Open: 08/07/2021

Close: 01/09/2021

 

Open: 02/09/2021

Close: 27/10/2021

 

Open: 28/10/2021

Close: 22/12/2021

 

On 15th June 2020, KTN hosted a briefing event on the Investment Accelerator. You can watch this below:

We have also released a set of answers to FAQs on the Healthy Ageing Investment Partnerships from UKRI. You can find this here.