The Long-Term Care Revolution – Wales Roadshow

Innovate UK and the Welsh Government are delighted to be working in partnership on the The Long Term Care Revolution to highlight the scale of the business opportunity which new approaches to long-term care provision have to offer.

By acting as catalysts, Innovate UK and the Welsh Government are encouraging a broad spectrum of innovators across the UK, including entrepreneurial businesses and academics focused on innovation and translation of research, to come up with innovative products, services and systems to revolutionise long term care. This will mean that for the first time people can enjoy the same level of choice over how they live with long term care requirements, as they do in other aspects of their lives.

This roadshow will bring together a broad spectrum of attendees from;

• SME’s
• Entrenpeuners
• Academia
• Trade associations & Institutions
• Research Councils
• And many more

This is not your usual event.

Attendees should expect to be stimulated, challenged and asked to participate by contributing their own views, challenges and perspectives.

What is the Long Term Care Revolution?

The Long Term Care Revolution is a programme developed by Innovate UK to stimulate innovation to create alternatives to the institutional model of long term care in the UK, which is no longer fit for purpose. It is ambitious.

The objective is to stimulate innovation that will disrupt the long term care institutional model, turning long term care from an economic liability to one with significant wealth creation potential.

The vision is to replace institutional long term care provision with alternatives that have the potential for real commercial value in the UK, and which sustain the rights, dignity and whole life experience of UK citizens by 2050.

The goal is to create a range of diverse, vibrant and cutting-edge non-institutionalised products, services and systems addressing the lifestyle and health needs and aspirations of individuals requiring high level care and support. Lifestyle care and support options that are fit for purpose, sustainable, desirable and reflect 21st century advances.

The Long Term Care Revolution SBRI competition opening in April 2015, will give the UK’s brightest and most talented entrepreneurs, SMEs and academics, the opportunity to compete for funding from a £4 million budget pot to kick-start the development of their business idea.

Who do we want to attract?

We want to overturn conventional thinking and ideologies about long term care, in order to unlock the growth potential for UK businesses and the economy. We are therefore looking to work with agile businesses, academics and organisations across the UK. We especially wish to attract SMEs, entrepreneurs and academics from sectors which do not usually operate in the health and social care space (eg. architecture, space, energy, design, robotics and autonomous systems, photonics, sensors and lighting, advanced materials, gaming, aviation, etc). We are also keen to attract businesses in financial services, long term care providers, housing providers, retailers, CCGs, LEPS and Local Authorities.

Whats on offer?

Innovate UK will be investing £4m over a period of up to 24 months in successful projects. This is an SBRI competition which means that projects will be 100% fully funded.

What is the timeline?

The Long Term Care Revolution opens on the 6th April 2015 and closes on the 2nd September 2015. Successful projects are expected to commence on the 2nd January 2016.

How can I get involved?

You get involved by following us on

_connect at https://connect.innovateuk.org/web/the-long-term-care-revolution/about-us

Twitter using #LTCRevolution

Facebook at https://www.facebook.com/TheLongtermcarerevolution 

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