Unlock Innovation with the Investor Partnerships – Health Technologies, West Yorkshire: Round 2 Grant

The Investor Partnerships – Health Technologies, West Yorkshire: Round 2 grant funding competition is now open for UK registered SMEs. This initiative, led by Innovate UK in collaboration with the West Yorkshire Combined Authority, aims to boost innovation in the health technology sector within West Yorkshire. With a total funding pot of £3.9 million, this competition provides a unique opportunity for ambitious SMEs to secure the financial support needed to advance their innovative projects.

Key Information Table

Funding Body	Innovate UK and West Yorkshire Combined Authority
Total Grant Funding Pot	£3.9 million
Amount Each Project Can Be Awarded	£50,000 to £2 million
Grant Themes	Health technology innovation
Eligibility Criteria	UK registered SMEs
Open Date	24 February 2025
Close Date	9 April 2025, 11:00am

Why FI Group

FI Group helps SMEs successfully navigate the grants writing process in order to maximise their chances of success in funding. We have built long-term partnerships with our clients to help them navigate various funding challenges that arise at different commercial stages. Having operated for 25+ years in this sector, our team of Science and Engineering PhD grant writers have the experience necessary to enhance your applications.

What is the Eligibility Criteria?

To be eligible for the Investor Partnerships – Health Technologies, West Yorkshire: Round 2 grant, your organisation must:

• Be a UK registered micro, small, or medium-sized business (SME).
• Carry out all project work in the UK.
• Intend to exploit the results from or in the UK.
• Be invited to apply by an investor partner.
• Have discussed and agreed your proposal with your investor partner before submitting your application.
• Have sufficient capital resources to meet all project costs.

What is the Project Focus?

The focus of this grant is on human health technology innovation. Projects can address various health challenges, including:

• Overcoming health inequalities.
• Tackling global net zero challenges in healthcare.
• Addressing major health conditions.
• Enhancing disease prevention.
• Improving early and accurate disease detection and diagnosis.

What is the Value of the Technology Provided by the Fund?

The grant aims to:

• Support research and development.
• Provide access to capital investment.
• Enable the development and commercialisation of innovations.
• Foster growth in the health technology cluster in West Yorkshire.

Application Process

To apply for the grant:

1. Gain traction with one of Innovate UK’s investor partners.
2. Submit your application, identifying your investor partner.
3. Ensure your project meets the eligibility criteria.
4. Await independent assessment by Innovate UK.
5. Receive confirmation of funding and aligned investment.

Funding Information

• Feasibility Studies: £50,000 to £300,000, up to 70% of eligible costs for micro/small organisations, 60% for medium organisations.
• Industrial Research: £100,000 to £1 million, same funding percentages as feasibility studies.
• Experimental Development: £250,000 to £2 million, up to 45% of eligible costs for micro/small organisations, 35% for medium organisations.

Additional Information

• Programme Background: Innovate UK’s Launchpad programme supports local economic growth through innovation.
• Project Requirements: Projects must start by 1 September 2025 and end by 31 March 2027.

How FI Group Can Help

FI Group offers comprehensive support services to help SMEs navigate the application process for innovation funder grants. Our expertise ensures your project proposal is robust, meets all criteria, and maximises your chances of securing funding.