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HIC Fund Programme

Driving Medical Research & Creating Healthcare Solutions Through Effective Collaboration

HIC Fund Programme

The Health Innovation Challenge Fund (HIC Fund) is a scheme supported in equal measure by the Department of Health and the Wellcome Trust.

Key Objectives:

  1. Encourage innovative products for patient benefit
  2. Improve the uptake of new technological advances into patient management pathways
  3. Integrate the clinical, research, informatics and product development communities

Positioning of HIC Fund within Health Research:

  1. Translational funding mechanism – two themes per year, each up to £10m
  2. Eligible projects will have achieved key milestone - validated 'proof-of-concept'
  3. Funding intended to take the product, technology or intervention to a stage where it is sufficiently developed to be attractive to:
    • Commercial organisations for follow-on development and taking the product to market, e.g. VCs , corporates
    • Not-for-profit organisations that can offer expertise & resources to assist with trials and complete the development, e.g. National Institute of Health Research
    • National healthcare providers if the product is ready for procurement and adoption e.g. NHS