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The Challenge Fund

Looking to secure funding to grow your eHealth idea?

Do you have an eHealth idea that you would love to develop and scale?

As part of the ERDF Project, eHealth Productivity and Innovation in Cornwall and the Isles of Scilly (EPIC) entrepreneurs based in Cornwall and the Isles of Scilly are able to apply for funding to develop products and services that help people to live happier and healthier lives.

We are interested in ideas that:

  • Address difficulties of providing care in remote locations
  • Make steps towards making technology more accessible
  • Focus on loneliness and isolation
  • Strengthen support networks and sense of community
  • Improve user experience of existing systems
  • Offer cost savings solutions to the NHS

Grants are available in varying amounts to suit a range of needs, from small scale viability studies to large equipment purchases.

There is an element of private match funding for the mid-range to larger size grants, but smaller £4,000 grants allow innovators to secure funding to test feasibility of projects without their own investment, with a 100% funded grant – perfect for de-risking start up innovations.

Are you eligible?

The fund is open to all, whether you are a company, not-for-profit organisation, charity, community interest company or other social enterprise as long as you meet certain conditions:

  • Are you based in Cornwall or the isles of Scilly?
  • Are you a company with fewer than 250 employees, or turnover not exceeding 50 million?
  • And you meet the De minimis criteria for state aid

Where does the funding come from, and who manages the application process?

EPIC is a European Regional Development Funded Project, led by the University of Plymouth which focuses on strengthening the digital health ecosystem in Cornwall and the Isles of Scilly, to boost the local economy and support development of truly useful health and care innovations. The project delivers a range of bespoke business support to local entrepreneurs to grow their ideas and bring their innovations to market. (add web link)

South West Academic Health Science Network (SW AHSN) manages the challenge fund on behalf of EPIC due to its proven track record managing innovator adoption funds across several projects, coupled with their team’s unique insight working within health and care to promote knowledge sharing and collaboration with business and health care providers alike. The SW AHSN champion collaborative approaches to problem solving that often shine light on opportunities to innovate and act as a catalyst for change.

With a focus on health inequalities and understanding of complex problems experienced by the population of the South West, whether coastal, rural or urban, SW AHSN is the perfect partner to assess the need and strategic importance of each funding application that EPIC receives.

 

Are you interested to find out more about EPIC and apply to the challenge fund?

If you are interested to find out more, register your interest with our business engagement team. A member of the team will contact you to complete a 45-minute diagnostic session to start your journey with EPIC.