Government innovation agency backs long-term care start-ups with £2.4m
Six business-led projects are being supported by the Technology Strategy Board
The Technology Strategy Board, otherwise known as the government’s innovation agency, announced today that it is funding six business-led projects that aim to transform the quality of life for people that require long-term care with £2.4 million.
The agency, which is funded by Vince Cable's Department for Business, Innovation and Skills (BIS), decided to back the businesses following a week-long workshop which set out to develop radical, risky and novel ideas with the potential for real commercial value.
Technology Strategy Board chief executive Iain Gray said: “We focus innovation activity on areas where we think it can make the biggest difference. Late life care is often regarded as an economic liability but it can actually be an engine for economic growth.
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“This is an expanding market and we need to radically rethink our approach to long-term care provision, providing options that will enable people to live with more dignity and autonomy.”
One of the six projects, dubbed RITA, will create a humanised avatar to act as a digital champion for older people, capturing their individual preferences to create a joined-up care plan. Another, called One Precious Life, applies the training principles for high performance athletes to people with long-term health issues and a third project assesses tolerance levels for stages of specific conditions.
The funding competition, called the Long Term Care Revolution, is funded through the Small Business Research Initiative (SBRI) scheme, which connects public sector challenges with innovative ideas from industry.