Closed
Summary:
Nesta and UK Research and Innovation (UKRI) have teamed up to provide up to £6 million in combined equity and grant funding for companies working to improve health outcomes in later life.
Close date: 31/03/2022
Max Grant Size (SME): £1,000,000
Collaboration: Single only
Funding Type: Equity Investment
Fund Provider(s): Nesta
Industries: Mobility, Health and Lifesciences
The new Nesta and UKRI funds aim to support companies between Seed stage and Series A offering solutions that increase healthy life expectancy and reduce health inequalities. Nesta is particularly looking to invest in start-ups that are focused on reducing loneliness – for instance for those transitioning to living in care – or supporting people to remain in productive work in later life, which is crucial to quality of life.
Our Healthy Ageing Fund
A UKRI and Nesta Impact Investments Partnership
We are looking to invest in early stage tech companies which as part of their activities enable Healthy Ageing.
Does your business offer products or services aimed at increasing healthy life expectancy and reducing health inequalities?
Does your business want to develop a product or service addressing this issue?
The new £3m fund from Nesta is open for applications now, through to 31 March 2023. If your company fits the eligibility criteria below, you can apply for between £250k and £1M of equity investment capital from Nesta Impact Investments. This would typically be part of a larger investment round to scale your company’s solutions.
Qualifying companies will be eligible to apply for further matched grant funding from UKRI up to the same value as Nesta’s investment. This is an excellent opportunity to build and grow your business with the support of an experienced impact investment team.
Eligibility
Please apply if your company has a UK presence, is an existing SME at Seed to Series A stage and addresses one of the UKRI themes below:
sustaining physical activity
maintaining health at work
designing for age-friendly homes
managing common complaints of ageing
living well with cognitive impairment
supporting social connections
creating healthy and active places
Within these, Nesta’s key mission areas of interest are:
maintaining independence for longer
supporting social connections, particularly at life transitions
extending productive working lives
In essence, Nesta is looking to invest in start-ups and scale-ups that are focused on reskilling older people to reduce later years unemployment – further perpetuated by the ongoing pandemic – as well as solutions that can keep people healthy and independent for longer.
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