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SBRI: Healthy Ageing scaling social ventures

Fund Name

SBRI: Healthy Ageing scaling social ventures

Project Length

6-12 Months

Project Value

£200k-£500k

Deadline

19.10.2022

The aim of this competition is to enable businesses with a social purpose to scale up existing innovative products, processes and services where the innovation element is at a Technology Readiness Level (TRL) between 3 and 7.

Check Your Eligibility

Fund Details

In this competition you must:

  • address one or more of the 7 themes identified by the Healthy Ageing Challenge Framework to support people as they age
  • identify a clear route to market, scalability and sustainability for your product or service
  • have a validated business plan to scale your product or service and plan to scale by at least 25% of current baseline
  • include an evidence-based theory of change
  • provide evidence of an existing lead customer who is using your product or service and the plan to increase their uptake
  • detail a minimum of one and up to four new customers and an implementation plan for each
  • describe how scaling your innovation addresses critical social or environmental challenges
  • demonstrate a causal link between your business activities and achievement of your declared social or environmental impact
  • describe how all social impact will be measured, evidenced, and reported
  • outline your commitment to specific social outcomes, clearly identifying beneficiaries related to your social or environmental mission
  • explain how any profits after tax will be distributed so surpluses are used to achieve future social or environmental impacts
  • describe how ongoing collaborations between all members of the project team will develop
    have the required ethical approvals, data sharing agreements and contracts in place

Specific Themes

Your project can focus on one or more of the following 7 themes from the Healthy Ageing Challenge Framework:

  • living well with cognitive impairment
  • sustaining physical activity
  • maintaining health at work and work in later life
  • managing the common complaints of ageing
  • design for age-friendly homes
  • creating healthy active places
  • supporting social connections

Eligibility

Projects:

  • must have total costs of between £200,000 to £500,000, inclusive of VAT
  • can start by 1 February 2023
  • must end by 31 March 2024
  • must last between 6 months and 12 months

To lead a project, you can:

  • be an eligible organisation of any size
  • work alone or with others from business, research organisations, research and technology organisations or the
  • third sector as subcontractors

As an organisation you must:

  • be a social enterprise and exist to provide benefits for society
  • have stated commitment to social outcomes for an identified set of beneficiaries related to your social or environmental mission
  • have objects in your constitutional documents, which form a constitutional lock, that protect your social or environmental mission
  • have a policy to distribute a portion of profits after tax, or be open to including one, so surpluses are used to achieve social or environmental impacts in the long term

Talk to us today if you would like to apply for this opportunity.

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