HIYH Impact Report 2024 | Page 40

Growing HealthTech and life sciences in Yorkshire and the Humber

Our work with innovator companies is a central aspect of our role as we seek to help health innovators flourish and stimulate growth in the HealthTech and life sciences sectors to improve health , and create a thriving economy in our region .
Over the last year , we have spent approximately 4,127 hours supporting 387 companies ranging from small and medium-sized enterprises ( SMEs ) to individual clinical entrepreneurs and innovators , learning about their products and assessing how we can best guide them according to their needs . Bespoke support has been provided including assistance with evidence generation , market access , adoption strategy , evaluation and access to finance .
We are dedicated to fostering advancements in health technology and life sciences , particularly through our commitment to assisting innovators in securing grant funding . Our support plays a pivotal role in enabling these innovators to access the resources they need to drive impactful change and breakthroughs in healthcare . In 2023-24 , we have supported 45 companies with grant applications to the National Institute for Health and Care Research ( NIHR ), Innovate UK , SBRI and other regional and national funders . Of these , we know that 16 have been successful , leveraging £ 17.3m of investment into our region .
We have also supported multiple successful funding bids ranging
40 Transforming Lives Through Innovation