A new Bradford-based enterprise support programme is set to attract and develop innovative health and social technology companies in the region thanks to funding from Bradford Council and the European Regional Development Fund.
The Northern MAX (short for Northern Market Access Accelerator) is an intensive development programme designed to unlock regional potential by providing innovative start-ups with the latest technological advice, product development and business modelling support.
The programme was launched at the Smart Cities World Congress, a world-leading innovation conference in Barcelona this week, putting Bradford firmly on the global health innovation map.
In January 2018, twenty firms will be enrolled on Northern MAX which will be run in Little Germany by Bradford University’s innovative Digital Health Enterprise Zone and Innov8tive Minds who have extensive global experience in delivering innovation and entrepreneurial support.
The intensive 12 week fast track ‘accelerator programme’ will assist companies with new business customer introductions, management mentoring and access to finance and investment.
Participating companies will be able to test their new products with GPs, clinicians and commissioners from NHS and private health and care providers.
Northern MAX will help the participating entrepreneurs refine their business models in order to reduce risks and improve their chances of success.
The programme will assist managers to secure finance and contracts by training them in effective pitching techniques and introducing them to valuable investors and customers.
A recent report by the government identified Bradford and Leeds as having key strengths in med-tech innovation.
Northern MAX is part of a European Regional Development Fund AD:VENTURE Business Support Programme which is designed for businesses with high growth ideas and up to three years of trading.
Applications for Northern MAX need to be submitted by 13 Dec 2017.
Councillor Alex Ross-Shaw, Portfolio Holder for Regeneration, Planning and Transport, said: “This is an incredibly exciting programme for Bradford and our partners across the Leeds City Region.
“The district has strategic strengths in medical innovation and has a very strong track record in supporting and developing high tech companies so this programme presents some exciting opportunities for firms seeking to develop new health and social care technologies.”
Ian Sharp, Chief Executive, Officer of Digital Health Enterprise Zone Ltd, said: “I am very excited to be able to invite and support the most innovative early stage companies with the Northern MAX accelerator.
“This market access accelerator will help companies work through the highest risk stage of their development and prepare them for investment in their companies.”
Interested companies can find further information by visiting ad-venture.org.uk/northernmax