For staff

The iTPA 50K Impact Fund

The £50,000 Impact Fund has been introduced to the iTPA funding pathway to support impact-driven projects with a fundamental objective to deliver human health benefits.

iTPA 50K Impact Fund

 

The next call for the Impact Fund will open late 2022.

Make a difference with the iTPA’s new 50K Impact Fund 

The £50,000 Impact Fund has been introduced to the iTPA funding pathway to support impact-driven projects with a fundamental objective to deliver human health benefits. 

Open now, this is a unique opportunity to work in partnership with an Entrepreneur-in-Residence (EiR) and access substantial financial support to nurture your forward-looking research and transform your ambitions into reality. 

We acknowledge that not all research is motivated by profit and wealth generation and sometimes this may create barriers to impact. Instead, perhaps your research addresses an unmet need of those in society or could deliver a breakthrough in human health. The Impact fund has been designed especially for those projects that don’t fit the standard funding pathways, are challenging to commercialise in the traditional route or are unattractive to investors due to their complex nature but have a clear potential for societal impact. 

Up to £50,000 of funding will be provided in combination with a full day of dedicated Entrepreneur-in-Residence support each week over the course of a year – offering partnership, expertise and direction in driving your project forward. The management support package of this new avenue for social entrepreneurism enjoys an intensity of support never before seen – the collaborative unit formed between your EiR and project team will help develop your translational route, strategic networks and funding strategy at speed, fast-tracking your project to deliver global impact at scale. 

 

Who is the Impact Fund for? 

We’re looking for staff-led projects that can demonstrate clear potential for impact and for which the EiR support and funding will clearly accelerateThe funding is a platform to develop impact-driven projects that tackle the issues that matter to communities across the world by delivering a benefit to society, improving the health of people or enhancing quality of life. 

We are open to all proposals that have a human health impact. Here are some general examples: 

  • Medical or other health-related technologies or devices designed for developing economies settings, cost-effectiveness, use in challenging settings, neglected diseases, etc 
  • Technologies or care pathways that would have an impact and alleviate pressures on the NHS or other health systems 
  • Technologies that improve the production of food 

If you are steadfast in your potential to influence human health worldwide, as an aspiring and purpose-driven entrepreneur or someone frustrated with the funding routes currently available to you, this is a unique opportunity to secure financial and consultancy support to find your translational route into the world.   

 

What does the application process look like? 

Register your interest below to receive an expression of interest form to your inbox. This brief synopsis of your research should be completed and returned to the team. You will then be invited to a video interview with an EiR to explore the project opportunity further. 

When completing the expression of interest, think of the applicability of your research to the world. 

  • What is the opportunity that you see for this project? How can this be quantified? 
  • What is its potential impact? Is it health outcomes? Is it financial burdens to health systems?  
  • What challenges are you facing?  

Together, we’ll help you figure this out – and if you are successful, work in collaboration with you over the course of the year to develop a clear pathway to addressing the unmet need in a unique and impactful way. We’re keen to hear from you and will endeavour to provide valuable feedback on your opportunity regardless of the outcome. 

If you’d like to make a difference with the 50k Impact Fund please register your interest below and we’ll be in touch soon.  

Register your interest