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Research and Innovation Development Office
Category: Research news
29 March 2018
Innovate UK are priming researchers and companies for future Industrial Challenge Strategy Fund opportunities. £300 million will be spent on supporting the ageing population.
Innovate UK, the Government's funding council for innovation, have announced their plans to support work benefiting the ageing population. £300 million will be awarded to projects in these fields through the Industrial Strategy Challenge Fund (ICSF).
The needs of the ageing society form one of the Government's four "grand challenges" under the ICSF, which aim to support UK industry in solving the issues facing the UK in the foreseeable future. In their announcement, Innovate UK identify the main areas requiring support:
1. Support people as they age: create or modify products and services that fit older people more appropriately. The goal here is to enable people live better as well as longer, emphasising the independence of our ageing population.
2. Identify problems to treat them earlier: as ageing is a major risk factor for a range of health conditions, the Government hopes to fund development of new diagnostic techniques, improving the chances and lowering the costs of treatment.<
"The £210 million being invested in this challenge support the early diagnosis of patients and the development of precision medicine to treat them."
Funding towards this part of the ICSF will be announced and released in specific calls by UK Research and Innovation (UKRI) during the coming months. Watch this space!