Health Innovation Challenge Fund (HICF)

A £100 million, five-year parallel funding partnership that aims to stimulate the creation of innovative healthcare products, technologies and interventions, and facilitate their development for the benefit of patients in the NHS and beyond.  The HICF will have a succession of thematic Calls for Proposals, each selected to focus on unmet needs in healthcare relevant to the NHS, and will support innovative developments that are within three to five years of launch or adoption.

There is a budget of up to £10 million per theme Call.  There is no set funding amount. 

The Wellcome Trust will fund the directly incurred costs and other allowable costs.