Herts Healthcare Accelerator terms and conditions
Terms & Conditions:
1. The Herts Healthcare Accelerator is delivered by University of Hertfordshire (UH) and it is part funded by Research England. Supported businesses will be looking to develop innovative products, services and/or technologies within the broader healthcare and wellbeing sector, including MedTech and biotech. The bespoke support package provided by our Accelerator Programme aims to fill the need for specialist support for businesses interested in innovating by furthering their R&D capabilities.
2. The Support provided under the programme includes a tailored package of technical and commercial consultancy support and 1:1 mentoring support provided by the University of Hertfordshire to deliver the applicant’s proposed idea/innovation including access to technical labs/specialist equipment, prototyping support and small-cash funding to cover directly related costs (e.g. materials). Find full details of the programme here.
3. We are looking to select up to five SME businesses/projects that have the potential to scale-up and are looking for support to develop new, innovative products, services and/or technologies within the healthcare sector. Shortlisted applicants will be requested to attend a virtual interview.
4. The form should be completed by the main named applicant.
5. Eligible applicants should be UK-registered SMEs operating or looking to operate within the broader healthcare and wellbeing sector, including MedTech and biotech. Applicants must be committed to completing the programme and the proposed project within the timeframe of the programme. For full details on the Eligibility Criteria, please see below. Details on the selection process can be found at the bottom of this page.
6. All support provided as part of this programme will be made in compliance with any applicable UK Subsidies Rules and Regulations.
Core (must have) criteria:
- UK-based SME*, registered in Companies House.
- Innovative new product/service/technology with the potential to scale-up and generate positive societal impact within the healthcare sector.
- Team of at least two entrepreneurs fully committed to making the most of the 6-months accelerator programme and support package, including attending regular virtual meetings and occasional in-person activities
- Company is able to demonstrate that they have already undertaken some initial steps (e.g. technical and/or market research) to validate their idea.
*SME definition: The UK government definition of SMEs encompasses micro (less than 10 employees and an annual turnover under €2 million), small (less than 50 employees and an annual turnover under €10 million) and medium-sized (less than 250 employees and an annual turnover under €50 million) businesses