The Government’s Industrial Strategy Challenge Fund is making £9 million available for businesses to develop digital technologies to meet healthcare challenges.
Businesses can now apply for a share of the fund, which is being provided by UK Research and Innovation and delivered by Innovate UK.
Advancing new and novel digital technologies could significantly improve outcomes for patients and provide cost benefits for healthcare providers.
The digital health technology catalyst aims to accelerate the development of digital health innovations and grow the sector.
The competition is part of the Industrial Strategy Challenge Fund to deliver leading-edge healthcare in the UK. This £181 million fund will transform how we develop and manufacture medicines and other healthcare products – such as digital tech – to get the right drugs and treatments to patients when they need them.
There are two competitions open to businesses depending on the stage of their project. The first is up to £1 million and will fund feasibility studies, while the second, up to £8 million, will fund collaborative research and development.
The kinds of digital technologies the competition is aiming to spur innovation include artificial intelligence and machine learning; virtual and augmented reality; the Internet of Things and data analytics and security.