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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

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

Health KTN Priority Areas

Clinical Needs

High Value

Manufacturing

Detection and

Identification of

Infectious Agents

Emerging

Medical

Technologies

Regenerative

Medicine

Assisted Living

Novel

Therapies

Synthetic

Biology

Stratified Medicine

Finance For Innovation

Technology Readiness Level for Finance for

Innovation in the UK and Europe.

TSB National- SBRI, KTP,

Biomedical Catalyst

Devolved Administration/Regional

Funding- Manufacturing Advisor

Service (MAS)

Research Councils- Managed programmes,

IKC’s

Devolved Administration/ Regional Funding-

Regional Growth Funds, Smart: Scotland

Europe- AAL

DH/NIHR- i4i

TSB National & MRC- Biomedical Catalyst

Research Councils- Case Awards, Industrial

Case Awards, CDTs

Europe- Networks of Excellence

Research Councils- Responsive Mode Research,

KTA

5

4

3

2

7

6

9

8

1

Businesses

Business Angels

Venture Capitalists

Private Investors

TSB National- Grant for R&D, Biomedical Catalyst ,

SMART, Innovation Vouchers

Europe-PPP’s, Research for SMEs, Eureka/Eurostars

Devolved Administration/Regional Funding- R&D

Grant Scotland, Welsh Government

TSB National-Innovation Platforms, Collaborative R&D,

Catapults, Biomedical Catalyst

Europe- Framework 7 cooperation Health/NMP/ICT,

Research For SMEs, AAL

DoH/NIHR- Health Innovation Challenge Fund

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

Technology Strategy Board

Technology – Inspired Innovation Funding call

• The Technology Strategy Board is to invest up to £10m in fasttrack 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 23 rd January 2013

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)

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

UK Government

• UKTI

– Passport to Export

– Export Marketing Research Scheme

– Overseas Market Introduction

Service

– Gateway to Global Growth

– UKTI Venture Capital Team

Fiscal Measure

R&D tax credit for SMEs

– increased the level of superdeduction relief available to 225%

– no minimum spend requirement

• £300m Enterprise Capital Funds

(ECF) programme

UK Innovation Investment Fund

• Patent Box

– 10% rate of corporation tax on profits from patents/IP

– applies worldwide to existing and new IP

— UK Future Technologies Fund (UKFTF) • 24% Corporate Tax Rate

• £50m Business Angel coinvestment Fund

KTN Support incl. Support Map www.healthktn.org

Accessing

Networks

Accessing

Research

Capabilities

Accessing

Clinical Needs

Accessing

Market

Information

Accessing

Business

Support

Innovation

Support Map

Selling to the

NHS

Complying with

Regulations

Accessing

Funding

http://www.healthktn.org/supportmap

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