Healthcare innovation

Fund opens to support digital innovation in…

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Fund opens to support digital innovation in…


Fund opens to support digital innovation in healthcare

A fund designed to support West Midlands SMEs developing digital services to meet health and care challenges is now open for applications.

The SME Innovation Fund is provided/managed by Mercia Asset Management and the West Midlands Academic Health Science Network (WMAHSN), the innovation arm of the NHS that supports the spread and adoption of innovation to transform health and social care.

The funding is available to businesses that are looking to grow and move from the research to implementation stage. Successful applicants will become part of a network made up of NHS providers, the investment and academic community.

Successful applicants will receive convertible loans of between £50,000 and £100,000, as well as access to future investment capital.

Peter Dines, chief operating officer at Mercia, said: “We have a track record of financially supporting and building life science businesses across the UK, all of which provide a scalable and innovative way of streamlining services, improving patient safety and releasing the burden of cost on the NHS.”

Tammy Holmes, head of delivery, innovation and commercial at West Midlands Academic Health Science Network, added: “The life sciences sector can provide answers to some of the biggest health and care challenges of our era.

“This fund is an opportunity to build on the success we have already achieved. We are pleased to be able to play our part in bringing economic growth to the region and improving the health of our communities.”



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