News story

Business contracts available: revolutionising long-term care

Innovate UK is investing up to £4 million to find new products, services and systems in long-term care.

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Up to £4 million in funding is available for new and innovative ideas that address the challenges of long-term care.

Demographic change means the UK is facing an unprecedented level of need for long-term care. The vision of this ambitious Small Business Research Initiative (SBRI) competition is to replace the current institutional model of provision with alternatives that:

  • have potential for real commercial value in the UK between now and 2020
  • will catalyse sustained innovation through to 2050

By overturning conventional thinking, UK businesses have a chance to position themselves as leaders in a growing global long-term care market.

The competition is open to organisations (large enterprises, SMEs, micro businesses, entrepreneurs, third sector, public and private sector) working together as a consortium through a single contracted project lead, to develop and deliver commercially viable products, services and systems.

Successful applications will attract a 100% funded development contract over a period of up to 24 months.

Competition information

  • the competition opens on 7 April 2015
  • there’s a briefing event for potential applicants on 14 April 2015
  • the deadline for applications is 2 September 2015
Published 20 March 2015