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Revolutionary Advanced Wellbeing Accelerator Unleashes Groundbreaking R&D Medtech Projects

Revolutionary Advanced Wellbeing Accelerator Unleashes Groundbreaking R&D Medtech Projects

A new Advanced Wellbeing Accelerator programme is being launched to support early-stage health and wellbeing businesses in their research and development (R&D) efforts. The programme, which is a collaboration between Sheffield Hallam University and Barclays Eagle Labs, will provide specialist support and access to facilities and equipment at the University’s Advanced Wellbeing Research Centre (AWRC). It aims to help businesses test ideas, develop prototypes, and advance towards commercialization.

The Accelerator, now in its third year, has already supported 40 small and medium-sized enterprises (SMEs) in the medtech sector. It covers a wide range of areas, including connected hardware and software as medical devices. The six-month programme is open for applications, with up to 12 companies being selected to participate. The deadline for applying is 30 November, and businesses from both the UK and international locations are invited to apply.

Participants in the programme will receive up to £25,000 of non-dilutive R&D support, as well as mentoring from industry professionals. They will also benefit from workshops on NHS adoption and regulation, procurement compliance assessments, and a Demo Day to showcase their innovations to potential investors, customers, and partners. This support is designed to help companies attract follow-on funding and bring their products and technologies to market.

The AWRC, which is dedicated to improving health and wellbeing through innovations in physical activity, aims to help companies accelerate development, secure investment, and drive commercial success. The Advanced Wellbeing Accelerator has already seen great outcomes, including millions raised in follow-on funding, NHS adoption, strategic partnerships, international expansion, and job growth.

The Digital Growth Grant, provided by the government, will allow Sheffield Hallam University’s Advanced Wellbeing Accelerator to nurture high-potential businesses and solidify Sheffield’s emerging status as a hub for digital health tech innovation. Health and wellbeing tech start-ups in Sheffield are paving the way for breakthroughs in digital health, and the programme aims to support their growth and success.

Overall, the Advanced Wellbeing Accelerator programme offers a unique opportunity for early-stage health and wellbeing businesses to receive specialized support and access to resources that can accelerate their R&D efforts and help them bring innovative products and technologies to market. By leveraging the research expertise and facilities at Sheffield Hallam University’s AWRC, the programme aims to drive the growth and success of these businesses, while contributing to the improvement of population health and wellbeing.

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Nayan Kumar