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Simon Bond, SETsquared Innovation Director & Andrea Burroughs, Scale-Up Health & Wellbeing Sector Lead explore what is being done to help empower people to live independently for longer.
People in the UK and all around the world are living longer than ever before – and this is a major achievement for modern science and healthcare. But are we equipped as a society to deal with this demographic shift?
Older people are an ever-increasing proportion of the UK population; the fastest growing age group is the over 85s, which is set to double and reach 1.5m by 2035. This presents an increase in the total amount of mental and physical ill health and disability that our health and social care systems need to deal with. But it does not stop there, our changing population is not just challenging healthcare. It is also set to impact the UK’s economic and social fabric with more older people seeking and needing to work and engage with society for longer.
Demography is being disrupted and as with all disruptions, there are opportunities for innovation. As part of the UK’s Industrial Strategy, some £100m is being invested by the Government in grants to ambitious scale-up businesses to develop new innovative products and services that will empower people to remain independent, active and healthy for longer.
As part of this, SETsquared has launched its own campaign to support the R&D plans of businesses who are set to make a real impact on the healthy ageing agenda and could benefit from some expert assistance to access the Government’s £100m fund.
SETsquared will offer companies an opportunity to participate with them with a major presence at this year’s NHS Expo, benefit from our world-leading business support, access public and private funding, and partnership opportunities with leading university researchers.
If this campaign sounds like it would help your business innovation plans you should apply for a fully-funded place at our next Healthy Ageing Innovation workshop which takes place at the NHS Health and Care Innovation Expo on 4 & 5 September in Manchester.
The workshop will enable you to network with university researchers, NHS innovation experts and leaders and other innovative scale-up businesses who you could collaborate with to secure funding for the technologies, products and solutions that will help people live independently for longer.
The healthy ageing research capabilities accessed via SETsquared include those of the leading universities of Bath, Bristol, Cardiff, Exeter, Southampton and Surrey. Find out more about the health research expertise of these universities
Following the Innovation workshops SETsquared’s Scale-Up Programme will be investing £200k+ to develop Healthy Ageing R&D proposals with companies for public and private funding.
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