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Funding for Innovation

Funding for Innovation. Sue Dunkerton, HealthTech and Medicines KTN 11 December 2012. Building a Healthy Nation through Business Innovation. The HealthTech and Medicines KTN (Health KTN) supports business innovations through partnerships, access to funding and knowledge transfer.

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Funding for Innovation

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  1. Funding for Innovation Sue Dunkerton, HealthTech and Medicines KTN 11 December 2012

  2. Building a Healthy Nation throughBusiness Innovation The HealthTech and Medicines KTN (Health KTN) supports business innovations through partnerships, access to funding and knowledge transfer Connecting Partners • Bringing together & facilitating collaborations with a common goal Access to Funding • Identify and influence new and existing sources of funding Knowledge Transfer • Opening doors to wider networks of people/organisations

  3. Novel Therapies Emerging Medical Technologies Synthetic Biology Health KTN Priority Areas Clinical Needs High Value Manufacturing Regenerative Medicine Assisted Living Detection and Identification of Infectious Agents Stratified Medicine

  4. Finance For Innovation Technology Readiness Level for Finance for Innovation in the UK and Europe. 9 Businesses Business Angels Venture Capitalists Private Investors 8 7-9 Commercialisation 7-9 Commercialisation 7 TSB National- SBRI, KTP, Biomedical Catalyst Devolved Administration/Regional Funding- Manufacturing Advisor Service (MAS) TSB National- Grant for R&D, Biomedical Catalyst , SMART, Innovation Vouchers Europe-PPP’s, Research for SMEs, Eureka/Eurostars 6 Devolved Administration/Regional Funding- R&D Grant Scotland, Welsh Government TSB National-Innovation Platforms, Collaborative R&D, Catapults, Biomedical Catalyst Research Councils- Managed programmes, IKC’s Devolved Administration/ Regional Funding- Regional Growth Funds, Smart: Scotland Europe- AAL 5 Technology Readiness Level (TRL) 4-6 Applied Research Technology Readiness Level (TRL) 4-6 Applied Research Europe- Framework 7 cooperation Health/NMP/ICT, Research For SMEs, AAL DoH/NIHR-Health Innovation Challenge Fund 4 DH/NIHR- i4i • Useful websites for more information: • Technology Strategy Board (TSB) National • www.innovateuk.org • Europe • www.fp7uk.co.uk • Devolved Administration- www.scottish-enterprise.com, www.bis.gov.uk/RGF , http://wales.gov.uk/funding • DH/NIHR • www.nihr.ac.uk • Research Councils • www.rcuk.ac.uk 3 TSB National & MRC- Biomedical Catalyst Research Councils- Case Awards, Industrial Case Awards, CDTs Europe- Networks of Excellence 1-3 Basic Research 2 1-3 Basic Research Research Councils- Responsive Mode Research, KTA 1

  5. Technology Strategy BoardTechnology – Inspired Innovation Funding call • The Technology Strategy Board is to invest up to £10m in fast-track and collaborative research and development projects that stimulate innovation across the key enabling technology areas of advanced materials, biosciences, electronics, sensors and photonics and information and communications technology • Competition is now open and deadline for registering express of interest is 23rd January 2013

  6. DH and NIHR funding • i4i Product Development Award – 100% funding, England and Wales only • i4i Challenge Award – 100% funding, lead applicant must be in England • Health Innovation Challenge Fund – 2 themed calls a year(UK wide, with Wellcome Trust) • Healthcare Technology Cooperatives - Provide an excellent route into the NHS for selected areas of unmet need 2 pilots, 6-8 launching 2013 (based in English Trust, open to national and international businesses)

  7. Devolved Administrations and European Funding • Devolved Administrations : Welsh Assembly Government (WAG) • £100m Welsh Life Sciences Fund Scotland • SMART: SCOTLAND • Research and Development Grant • Proof of Concept Fund • Eurostars – Supports UK SMEs • EU Framework Programme FP7 – Topics: Health, NMP, ICT, IMI (JTI) • Horizon 2020 • Ambient Assisted Living

  8. UK Government • UKTI • Passport to Export • Export Marketing Research Scheme • Overseas Market Introduction Service • Gateway to Global Growth • UKTI Venture Capital Team • £300m Enterprise Capital Funds (ECF) programme • UK Innovation Investment Fund • UK Future Technologies Fund (UKFTF) • £50m Business Angel co-investment Fund Fiscal Measure • R&D tax credit for SMEs • increased the level of super-deduction relief available to 225% • no minimum spend requirement • Patent Box • 10% rate of corporation tax on profits from patents/IP • applies worldwide to existing and new IP • 24% Corporate Tax Rate

  9. Accessing Networks Accessing Research Capabilities Accessing Clinical Needs Accessing Market Information Selling to the NHS Accessing Business Support Complying with Regulations Accessing Funding Innovation Support Map KTN Support incl. Support Map www.healthktn.org http://www.healthktn.org/supportmap

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