Investor Partnerships in health technologies, West Yorkshire: Rd 1

Who can apply

Your project

You must have confirmation from your investor partner that you can apply for this competition.

The eligibility criteria for your project depends on your research category.

For feasibility study projects:

• your total project costs must be between £50,000 and £300,000

• the project duration must be between 6 and 12 months

For industrial research projects:

• your total project costs must be between £100,000 and £1 million

• the project duration must be between 6 and 18 months

For experimental development projects:

• your total project costs must be between £250,000 and £2 million

• the project duration must be between 12 and 18 months

For all projects, your project must:

• not start before 1 May 2025

• end by 31 December 2026

Total project costs, detailed within your application, must not exceed the maximum project costs for your research category. If your total project costs do exceed the maximum, then your application will be made ineligible.

Your project will only be allowed to start once the aligned investment has been confirmed.

Projects must always start on the first of the month, even if this is a non-working day. You must not start your project until your Grant Offer Letter has been approved by Innovate UK. Any delays within Project Setup may mean we need to delay your project start date.

You must only include eligible project costs in your application. See our overview of eligible project costs. For specific guidance, see the eligibility section in this competition.

Your organisation

This competition is open to single applicants only.

To apply your business must:

• be a UK registered micro, small or medium sized business (SME)

• carry out all of its project work in the UK

• intend to exploit the results from or in the UK

• be invited to apply by your investor partner

• have agreed your proposal with your investor partner before submitting

• be able to complete the aligned investment before the start of your project, through the issue of new shares or convertible debt

• have sufficient capital resources to enable you to meet all your project’s eligible costs, including through the grant funding and the aligned investment

Innovation and ideas can come from anyone and anywhere. We want to see investments unlocked for the diverse and extraordinary talent in the UK.

We encourage innovation involving communities that are typically under-represented, including:

• ethnic minority groups

• women and other marginalised genders

• disabled people

• people with non-traditional education backgrounds

More information on the different types of organisation can be found in our Funding rules.

Subcontractors

Subcontractors are allowed in this competition.

Subcontractors can be from anywhere in the UK and you must select them through your usual procurement process.

All subcontractor costs must be justified and appropriate to the total eligible project costs.

Number of applications

An SME can only submit one application into this round of the competition. Any subsequent applications will be ineligible and will not be forwarded for assessment.

Sanctions

This competition will not fund you, or provide any financial benefit to any individual or entities directly or indirectly involved with you, which would expose Innovate UK or any direct or indirect beneficiary of funding from Innovate UK to UK Sanctions. For example, through any procurement, commercial, business development or supply chain activity with any entity as lead, partner or subcontractor related to these countries, administrations and terrorist groups.

Use of animals in research and innovation

Innovate UK expects and supports the provision and safeguarding of welfare standards for animals used in research and innovation, according to best practice and up to date guidance.

Applicants must ensure that all of the proposed work within projects, both that in the UK and internationally, will comply with the UKRI guidance on the use of animals in research and innovation.

Any projects selected for funding which involve animals will be asked to provide additional information on welfare and ethical considerations, as well as compliance with any relevant legislation as part of the project start-up process. This information will be reviewed before an award is made.

Previous applications

You can use a previously submitted application to apply for this competition.

If you have previously submitted an application that reached our assessment stage, you can re-apply once more with the same proposal.

If there are minor differences to the proposal, but it is judged by us to be ‘not materially different’, the same rule applies.

We will not award you funding if you have:

• failed to exploit a previously funded project

• an overdue independent accountant’s report

• failed to comply with grant terms and conditions

Subsidy control (and State aid where applicable)

This competition provides funding in line with the Subsidy Control Act 2022. Further information about the Subsidy requirements can be found within the Subsidy Control Act 2022 (legislation.gov.uk).

Innovate UK is unable to award organisations that are considered to be in financial difficulty. We will conduct financial viability and eligibility tests to confirm this is not the case following the application stage.

EU State aid rules now only apply in limited circumstances. Please see the Windsor Framework to check if these rules apply to your organisation.

Further Information

If you are unsure about your obligations under the Subsidy Control Act 2022 or the State aid rules, you should take independent legal advice. We are unable to advise on individual eligibility or legal obligations.

You must always make sure that the funding awarded to you is compliant with all current Subsidy Control legislation applicable in the United Kingdom.

This aims to regulate any advantage granted by a public sector body which threatens to, or actually distorts competition in the United Kingdom or any other country or countries.

Funding

Up to £2 million of grant funding from Innovate UK is available in this competition.

The total funding available for this Launchpad competition can change. The funders have the right to:

• adjust the funding allocations between all Launchpad competitions and strands

• apply a ‘portfolio’ approach

You will receive Innovate UK grant funding only if you also receive a minimum level of aligned investment, led or catalysed by your investor partner. The minimum level of investment depends on your project’s research category.

Feasibility studies and industrial research projects

For feasibility studies and industrial research projects, Innovate UK will fund:

• up to 70% of eligible project costs for micro or small organisations

• up to 60% for medium sized organisations

The aligned investment must always be at least equal to your grant funding request.

Experimental development projects

For experimental development projects Innovate UK will fund:

• up to 45% of eligible project costs for micro or small organisations

• up to 35% for medium sized organisations

The aligned investment must always be at least twice as much as your grant funding request.

For more information on company sizes, please refer to the company accounts guidance.

If you are applying for an award funded under State aid Regulations, the definitions are set out in the European Commission Recommendation of 6 May 2003.

Your proposal

The aim of this competition is to provide support for your research and development and access to the capital investment that you need to develop and commercialise your innovations and grow your business.

You must have gained a level of traction with one of Innovate UK’s investor partners. We will contact them to confirm they are likely to make an offer of investment if you have a successful application to Innovate UK.

Your proposal must have a clear route to market, a clear link to innovation and evidence that you can create a team to deliver your proposal.

You must demonstrate that if your project is funded, it will:

• have significant market impact

• be scalable

• be attractive to equity investors

Your project must help to grow your innovation activities in the health technology cluster in West Yorkshire, both during and after your project.

This could be demonstrated by:

• your local innovation activities

• the value that your innovation activities create in the cluster

• your engagement with other innovation active organisations in the cluster, such as with Health Innovation Yorkshire & Humber, this Launchpad’s cluster management organisation

Your application may be considered ineligible if you do not describe clearly how your main project activities and work packages meet the scope of this competition. This includes the main project activities of any subcontractors. If you do not describe how your activities in the cluster will continue after your project then you are unlikely to be offered funding in this competition.

Your project must focus on human health technology innovation. You can address any human health challenges that include, but are not limited to:

• overcoming health inequalities

• global net zero challenges in healthcare

• major health conditions

• the prevention of disease

• earlier and better detection and diagnosis of disease

• other challenges that can be tackled with health technologies

Portfolio approach

Following the independent assessment, all applications scoring over 70% will be reviewed by a panel including Innovate UK and our local partners for this Launchpad. The panel will review the applications in line with the portfolio criteria, which will inform Innovate UK’s decision on the funding awards offered.

We want to fund a variety of projects across different criteria. We call this a portfolio approach.

We reserve the right to prioritise projects that demonstrate:

• more innovation activity or value creation in the cluster or outside the Greater South East of England, during and after your project

• greater levels of traction and momentum towards completing the aligned investment in a reasonable period of time

• the grant is making a significant impact on the investment decision

• closer alignment to this competition’s scope and specific themes

Specific themes

Your project can focus on one or more of the following:

• medical devices

• diagnostics, including In-Vitro Diagnostics (IVD)

• digital health, including data driven health technologies and artificial intelligence (AI)

This list is not exhaustive. Where you can show your proposal fits within the scope of this competition you can focus on other themes.

Research categories

We will fund feasibility projects, industrial research projects and experimental development projects, as defined in the guidance on categories of research.

Projects we will not fund

We are not funding projects that are:

• not carried out by SMEs

• collaborative R&D projects

• unable to demonstrate that there is potential for return on investment and growth

• large capital infrastructure

• not invited by one of Innovate UK’s investor partners

• not meeting the competition eligibility or scope requirements

• purely a result of reports, academic papers or similar

We cannot fund projects that are:

• dependent on export performance, for example, giving a subsidy to a baker on the condition that it exports a certain quantity of bread to another country

• dependent on domestic inputs usage, for example, giving a subsidy to a baker on the condition that it uses 50% UK flour in their product

4 November 2024

Pre-recorded briefing: watch the recording.

Briefing slides are now available to download from Supporting Information.

14 November 2024

Online briefing event at 1.00pm to 2.15 pm: register to attend

11 December 2024

Submission deadline - competition closes

7 February 2025

Applicants notified

1 May 2025

Project start from

Before you start

You must read the guidance on applying for a competition on the Innovation Funding Service before you start.

Before submitting, it is the lead applicant’s responsibility to make sure:

• that all the information provided in the application is correct

• your proposal meets the eligibility and scope criteria

• all sections of the application are marked as complete

You can reopen your application once submitted, up until the competition deadline. You must resubmit the application before the competition deadline.

What we ask you

The application is split into four sections:

1. Project details.

2. Application questions.

3. Finances.

4. Project Impact.

Accessibility and Inclusion

We welcome and encourage applications from people of all backgrounds and are committed to making our application process accessible to everyone. This includes making reasonable adjustments, for people who have a disability or a long-term condition and face barriers applying to us.

You can contact us at any time to ask for guidance.

We recommend you contact us at least 15 working days before this competition’s closing date to allow us to put the most suitable support in place. The support we can provide may be limited if you contact us close to the competition deadline.

You can contact Innovate UK by email or call 0300 321 4357. Our phone lines are open from 9am to 12pm and 2pm to 5pm UK time, Monday to Friday (excluding bank holidays).

1. Project details

This section provides background for your application and is not scored.

Application team

Decide which people from your organisation will work with you on the project and invite those people to help complete the application.

Application details

Give your project’s title, start date and duration.

Research category

Select the type of research you will undertake.

Public description

Describe your project in detail and in a way that you are happy to see published. Do not include any commercially sensitive information. If we award your project funding, we will publish this description. This could happen before you start your project.

Your answer can be up to 400 words long.

Scope

Describe how your project fits the scope of the competition. In your answer you must outline how your project will grow your innovation activities in the cluster both during and after the project. Due to the competitive nature of this competition, your answer may be used in our portfolio approach to prioritising projects. If your project is not in scope, it will not be sent for assessment. We will tell you the reason why.

Your answer can be up to 400 words long.

2. Application questions

The assessors will score all your answers apart from questions 1 to 4. You will receive feedback for each scored question. Find out more about how our assessors assess and how we select applications for funding.

You must answer all questions. Do not include any website addresses (URLs) in your answers.

Question 1. Applicant location (not scored)

You must state the name and full registered address of your organisation and any subcontractors working on your project. If the work location for your project is different to your registered address then you must state the work location for your project.

We are collecting this information to understand the geographical location of all applicants and your answer may be used in our portfolio approach.

Your answer can be up to 150 words long.

Question 2. Animal testing (not scored)

Will your project involve any trials with animals or animal testing?

You must select one option:

• Yes

• No

We will only support innovation projects conducted to the highest standards of animal welfare.

Question 3. Permits and licences (not scored)

Will you have the correct permits and licences in place to carry out your project?

We are unable to fund projects who do not have the correct permits or licences in place by your project start date.

You must select one option:

• Yes

• No

• In process of being applied for

• Not applicable

Question 4. Investor Partner (not scored)

Provide the name of the investor partner who you are working with.

We will contact the investor partner to confirm how the grant funding will impact the proposed investment, and the current stage of completion. This forms part of the decision of whether your application is successful.

Your answer can be up to 50 words long.

Question 5. Need, challenge and market awareness

What is the business need, technological challenge, and market opportunity behind your innovation? What does the market or markets you are targeting look like?

Explain:

• the main motivation for the project

• the business need, technological challenge or market opportunity

• the target markets for the project outcomes and any other potential markets, either domestic, international or both

• the size of the target markets for the project outcomes, backed up by references where available

• the structure and dynamics of the target markets, including customer segmentation, together with predicted growth rates within clear timeframes

• the target markets’ main supply or value chains and business models, and any barriers to entry that exist

• whether you have identified any similar innovation and its current limitations, including those close to market or in development

• any work you have already done to respond to this need, for example, if the project focuses on developing an existing capability or building a new one

If your project is highly innovative, where the market may be unexplored, describe or explain:

• what the market’s size might be

• how your project will try to explore the market’s potential

Your answer can be up to 600 words long.

Question 6. Approach and innovation

What approach will you take and where will the focus of the innovation be?

Explain:

• how you will respond to the need, challenge or opportunity identified

• how will you improve on the similar innovation that you have identified

• whether the innovation will focus on existing technologies in new areas, the development of new technologies for existing areas or a totally disruptive approach

• the freedom you have to operate

• how this project fits with your current product, service lines or offerings

• how it will make you more competitive

• the nature of the outputs you expect from the project, for example, report, demonstrator, know-how, new process, product or service design, and how these will help you to target the need, challenge or opportunity identified

Your answer can be up to 400 words long.

You can submit one appendix to support your answer. It can include diagrams and charts. It must be a PDF no larger than 10MB. It can be up to two A4 pages but must be legible at 100% zoom.

Question 7. Team, resources and delivery

Who is in the project team, what are their roles and how will you manage your project effectively?

Explain:

• the roles, skills and experience of all members of the project team that are relevant to the approach you will be taking

• the resources, equipment and facilities needed for the project and how you will access them

• the details of any subcontractors, who you will need to work with to successfully carry out the project

• any roles you will need to recruit for

• the main work packages of your project, indicating the lead assigned to each and the total cost of each one

• your approach to project management, identifying any major tools and mechanisms you will use to get a successful and innovative project outcome

• the management reporting lines

• your project plan in enough detail to identify any links or dependencies between work packages or milestones

Your answer can be up to 600 words long.

You must submit a project plan or Gantt chart as an appendix to support your answer. It must be a PDF, up to two A4 pages long and no larger than 10MB in size. The font must be legible at 100% zoom.

You can also submit one further appendix, with a short summary of the main people working on the project to support your answer. It must be a PDF, up to four A4 pages long and no larger than 10MB in size. The font must be legible at 100% zoom.

Question 8. Outcomes and route to market

How are you going to grow your business and increase your productivity into the long term as a result of the project?

Explain:

• your current position in the markets and supply or value chains outlined, and whether you will be extending or establishing your market position

• your target customers or end users, and the value to them, for example, why they would use or buy your product

• your route to market

• how you are going to profit from the innovation, including increased revenues or cost reduction

• how the innovation will affect your productivity and growth, in both the short and the long term

• how you will protect and exploit the outputs of the project, for example, through know-how, patenting, designs or changes to your business model

• your strategy for targeting the other markets you have identified during or after the project

If there is any research organisation activity in the project, describe:

• your plans to spread the project’s research outputs over a reasonable timescale

• how you expect to use the results generated from the project in further research activities

Your answer can be up to 400 words long.

Question 9. Project risks

What are the main risks for this project?

Explain:

• the main risks and uncertainties of the project, including the technical, commercial, managerial and environmental risks

• how you will mitigate these risks

• any project inputs that are critical to completion, such as resources, expertise, data sets

• any output likely to be subject to regulatory requirements, certification, ethical issues and so on, and how you will manage this

Your answer can be up to 400 words long.

You must submit a risk register as an appendix to support your answer. It must be a PDF, up to two A4 pages long and no larger than 10MB in size. The font must be legible at 100% zoom.

Question 10. Costs, value for money and added value

How much will the project cost and how does it represent value for money for the team and the taxpayer? How will this public funding help you to accelerate or enhance your approach to developing your project towards commercialisation? What impact would this award have on the organisations involved?

In terms of your project goals, explain:

• your total project costs

• the grant you are requesting

• how this project represents value for money for you and the taxpayer

• how it compares to what you would spend your money on otherwise

• any subcontractor costs and why they are critical to your project

• what advantages public funding would offer your project, for example, appeal to investors, more partners, reduced risk or a faster route to market

• the likely impact of the project outcomes on the organisations involved

• what other routes of investment or means of support you have already engaged with and why they were not suitable

• how any existing or potential investment or support will be used in conjunction with the grant funding

• what your project would look like without public funding

• how this project would change the R&D activities of all the organisations involved

Your answer can be up to 600 words long.

3. Finances

You must complete your project costs, organisation details and funding details in the application.

For an overview on what costs you can claim, see our project costs guidance. Note this is general guidance, for specific guidance please see the eligibility section in this competition. You can also view our application finances video.

4. Project Impact

This section is not scored but will provide background to your project.

More information can be found in our Project Impact guidance and by viewing our Impact Management Framework video.

Innovate UK complies with the requirements of UK GDPR and the Data Protection Act 2018, and is committed to upholding data protection legislation, and protecting your information in accordance with data protection principles.

Assessment

Your application will be reviewed by three independent assessors based on the content of your application and their skills or expertise relevant to your project. All of the scores awarded will count towards the total score used to make the funding decision unless you are notified otherwise.

You can find out more about our assessment process in the General Guidance.

Your submitted application will be assessed against these criteria:

Investor Partnerships in health technologies West Yorkshire Rd 1 - assessor guidance for applicants.pdf (opens in a new window)

Background and further information

In considering the eligibility of your proposal you are encouraged to review:

• West Yorkshire innovation framework

• UK Major Conditions Strategy

• Medical technology strategy - GOV.UK (www.gov.uk)

• West Yorkshire Health Technology Strategy

• West Yorkshire Integrated care strategy

• Our Joint Forward Plan 2023: West Yorkshire Health & Care Partnership

Further information about the innovation cluster will be provided in the online briefing event that will be available for you to view.

Innovate UK provide support for your investment readiness and for engaging with suitable investors via Innovate UK Business Growth and Innovate UK Business Connect.

In the first instance you should contact Innovate UK Business Growth for support in understanding your readiness for investment and also to look at your wider strategy for growth.

You should also contact Innovate UK Business Connect to establish if there are specific programmes for connecting businesses in your sector to relevant investors. Support and connections to sector specific investors may also be provided by the relevant Catapult centre.

Briefing slides

Pre-recorded briefing: watch the recording.

Briefing slides are available to download here.

Launchpad Process Slides.pdf (opens in a new window)

If your application is successful

If you are successful with this application, you will be asked to set up your project.

You will be notified by email on the date published for this competition. Notifications may be sent any time up to 5pm.

You must follow the unique link embedded in your email notification. This takes you to your Innovation Funding Service (IFS) Set Up portal, where we gather the information to set up your project.

Watch our video on what steps there are before a project starts.

During the project set up you will be assigned a delivery executive who will guide you through the whole project set up process.

Following your email notification, you will need to provide the following within 5 days (including weekends and bank holidays):

• the name and contact details of your project manager and project finance lead

• a finance contact

• a copy of your bank details

You will need to provide the following within 30 days (including weekends and bank holidays):

• an exploitation plan

You will have 90 days (including weekends and bank holidays) to complete all of your project set up. Within this time, you will also be required to submit:

• project location

• any answers to financial queries we have requested

• any requested documentation to support your project such as a spend profile

Your funding offer may be withdrawn if project setup is not completed within this or an alternative timeframe as advised by Innovate UK.

In order for us to process your claims, you must make sure you have a valid UK business bank account. It can take several weeks for a new account to be created if required. We recommend starting this process as early as possible to avoid any delays to your project start date.

The bank account which grant is to be paid into must:

• be a business account in the same name as the organisation listed in IFS

• be from a UK bank regulated by the Prudential Regulation Authority (PRA)

• have a cheque and credit clearing facility

Online accounts are eligible as long as they meet the above criteria.

Innovate UK will accept most banking societies apart from:

• Viva Wallet

• Intesa Sanpaolo

• Equals Money UK Limited

• Modulr FS Limited

If you have any doubts that your bank account will not meet Innovate UK's funding criteria, you can use the sort code checker. If you input the sort code and find a tick next to the ‘BACS Direct Credit payments can be sent to this sort code’, this will give you an indication that the bank account you hold is acceptable.

Finance checks

We will carry out checks to make sure you are an established company with access to the funds necessary to complete the project.

You must check your IFS portal regularly and respond to any requests we have sent for additional information to avoid any delays.

Failure to complete project setup may result in your grant offer being withdrawn.

During our financial due diligence checks you must provide evidence of how you will finance your project costs for the duration of your project. Grant claims are submitted three months in arrears.

Your Grant offer letter (GOL)

Once you have successfully completed project setup, we will issue your GOL.

The GOL will be made available on your IFS portal. You will need to sign and upload this for us to approve. Once approved we will send you an email with permission to start your project on your confirmed start date.

You must not start your project before the date stated on your email and GOL. Any costs incurred before your agreed start date cannot be claimed as part of your grant.

If your GOL is approved on or before the fifteenth of the month it will be dated from the first of that month. If your GOL is approved after the fifteenth, it will be dated the first of the next month.

If your application is unsuccessful

If you are unsuccessful with your application this time, you can view feedback from the assessors. This will be available to you on your IFS portal following notification.

Sometimes your application will have scored well, and you will receive positive comments from the assessors. You may be unsuccessful for any of the following reasons:

• your average score was not above the funding threshold

• your project has not been selected under the portfolio approach

• we were not convinced that the grant was making a significant difference in the investment and in all likelihood the investment would have happened anyway

• you do not have sufficient traction with the investor and we doubt that the investment will complete in a reasonable period of time

• the investment has already been secured

• the Innovate UK investor partner is not taking a significant role in leading or catalysing the investment

Find an investor partner

You will need to establish a relationship and a level of investment traction with one of our approved investor partners before you apply for funding. A full list of approved investor partners is provided at Innovate UK Investor Partners – UKRI .

If you want information on specific programmes for connecting businesses in your sector to relevant investors contact Innovate UK Business Connect.

Support for SMEs from Innovate UK Business Growth

If you receive an award, you will be contacted about working with an innovation and growth specialist at Innovate UK Business Growth. This service forms part of our funded offer to you.

These specialists focus on growing innovative businesses and ensuring that projects contribute to their growth. Working one-to-one, they can help you to identify your best strategy and harness world-class resources to grow and achieve scale.

We encourage you to engage with Innovate UK Business Growth, delivered by a knowledgeable and objective specialist near you.

Protecting your innovation

A Secure Innovation campaign has been developed to help founders and leaders of innovative startups protect their technology, competitive advantage, and reputation.

This was developed by UK’s National Protective Security Authority (NPSA) and the National Cyber Security Centre (NCSC).

Data sharing

This competition is jointly operated by Innovate UK, and West Yorkshire Combined Authority (each an ‘agency’).

Any relevant information submitted and produced during the application process concerning your application can be shared by one agency with the other, for its individual storage, processing and use.

This means that any information given to or generated by Innovate UK in respect of your application may be passed on to West Yorkshire Combined Authority and vice versa. This would include, but is not restricted to:

• the information stated on the application, including the personal details of all applicants

• scoring and feedback on the application

• information received during the management and administration of the grant, such as Monitoring Service Provider reports and Independent Accountant Reports

Innovate UK and West Yorkshire Combined Authority are directly accountable to you for their holding and processing of your information, including any personal data and confidential information. Data is held in accordance with their own policies. Accordingly, Innovate UK, Innovate UK Business Connect and West Yorkshire Combined Authority will be data controllers for personal data submitted during the application.

Innovate UK’s Privacy Policy

Innovate UK Business Connect Privacy Policy

West Yorkshire Combined Authority’s Privacy Policy

Innovate UK complies with the requirements of UK GDPR and the Data Protection Act 2018, and is committed to upholding data protection legislation, and protecting your information in accordance with data protection principles.

The Information Commissioner’s Office also has a useful guide for organisations, which outlines the data protection principles.

Contact us

If you need more information about how to apply or you want to submit your application in Welsh, email support@iuk.ukri.org or call 0300 321 4357.

Our phone lines are open from 9am to 12pm and 2pm to 5pm UK time, Monday to Friday (excluding bank holidays).

Innovate UK or any of our partners will not tolerate abusive language in any written or verbal correspondence, applications, social media or any other form that might affect staff.