Access to the life science market can be a headache for multinational pharma and medical device companies, let alone small-medium sized enterprises (SMEs). SMEs can face significant challenges to introduce new and innovative products into the health and social care market.
The Innovation Nexus provides a single point of access for SMEs in the life science sector to a network of specialist support within Greater Manchester.
The Innovation Nexus is a gateway to a holistic business growth support offering, focused on the specialist needs of life science SMEs, delivered through a coherent support strategy and an all-inclusive approach to helping businesses develop their growth strategies.
The aim of the Innovation Nexus is to deliver long-term health and wealth benefits to Greater Manchester through investment, innovation, education and business growth, ultimately improving the health and wellbeing of the Greater Manchester population (and beyond).
INDUSTRY PARTNERSHIP WILL BE A KEY COMPONENT OF HOW HEALTH SYSTEMS WILL IMPROVE HEALTH OUTCOMES FOR THE POPULATIONS THEY SERVE
The challenge for healthcare businesses
Companies, especially SMEs, can face significant challenges to introduce their new and innovative products into the NHS. The complexity of public procurement, patient safety and a risk averse culture across multiple organisations can be daunting. The Innovation Nexus aims to provide a single source of resource that can help companies, particularly SMEs, understand the steps that need to be taken to support their business planning and engage with the NHS more easily, thus progressing the adoption of their innovation at pace and with fewer unanticipated obstacles.
How can the Innovation Nexus help?
Help with navigating NHS procurement
Information about funding and investment
Help with setting up a trial of your innovation
Information on science parks and office locations in the GM AHSN footprint
Connections to organisations that can help you progress your innovation
Speak directly to a GM AHSN advisor with NHS expertise
New funding opportunities for healthcare companies in Greater Manchester
Greater Manchester Academic Health Science Network (GM AHSN) has announced it will re-open its three funding streams to provide support to innovative healthcare practices that address the health and social care needs of the city region.
The funding streams will be formally launched during a live webinar on Friday 16th June, which will broadcast from 12pm. The webinar aims to provide attendees with an overview of the three streams of funding that are available as well as information about the types of needs GM AHSN is looking to address. Please register for the webinar here.
GM AHSNs Innovation Funds were established to support the introduction and adoption of needs-led, evidence-based innovations by the NHS within the GM footprint. This will improve the health of GM citizens by funding the development of products and solutions that are not currently being used by the NHS in the region. Additionally, this will support economic development and wealth creation through the growth of local businesses and job.
Information about the funds
The Ignite Fund is designed to support early stage development of innovative solutions to identify unmet need within GM AHSN footprint. The themes for Ignite Fund applications are Patient Safety and Mental Health. The Ignite Fund has a total of up to £75,000 available this year. Applicants may apply for funding up to a maximum value of £25,000 (inc. VAT).
The Energise Fund is specifically designed to support proof of concept or prototyping projects. These innovations should be focused on GM AHSN priority areas. The Energise Fund has a total of up to £125,000 available this year. Applicants may apply for funding up to a maximum value of £25,000 (inc. VAT.).
The Momentum Fund is specifically designed to provide funding support to help SMEs or NHS organisations with innovative products or services accelerate progress to significant milestones. These innovations should be focused on GM AHSN priority areas. The Momentum Fund has a total of up to £200,000 available this year. Applicants may apply for funding up to a maximum value of £25,000 (inc. VAT).
Information and guidance
Access information and guidance on a range of topics related to working with and selling to the NHS, and find clear signposts to organisations that can help you achieve your goals.