Ignite funding program supports innovative solutions for Canada's aging population
· News-MedicalToday, the Centre for Aging + Brain Health Innovation (CABHI), powered by Baycrest launched Ignite, its new funding program to support Canadian innovators designing solutions for older persons. As Canada's aging population rapidly grows – with nearly 20 per cent of people above the age of 65 – so too will the need for innovations that enhance the lives of older persons, including those impacted by dementia.
Canadian early-stage innovators – including researchers, point-of-care staff, and companies – are developing innovative solutions that can improve the independence and quality of life of older persons and those impacted by dementia. Yet, these innovators face several barriers that prevent them from translating their promising ideas into real-world impact.
Ignite offers funding between $50,000 to $150,000 CAD, along with acceleration services, to early-stage innovators, empowering them to develop, test, and validate their solutions in real-world settings, with the ultimate goal of getting the best solutions to people who need them most. Funds can be applied to a variety of activities, such as:
- Technological research and development activities
- Concept and prototype development
- Testing and simulating activities
- Validation trials
Dr. Allison Sekuler, President and Chief Scientist at CABHI and the Baycrest Academy for Research and EducationAt CABHI, we are continually enhancing our programs to help innovators -; researchers, clinicians, healthcare and seniors' organizations, entrepreneurs, and companies -; catalyze solutions that improve the lives of older persons and their care partners. Our new Ignite program fuels early-stage innovation, helping to overcome barriers and achieve rapid, real-world impact, especially for those at risk for or living with dementia."
Ignite is seeking applications from early-stage Canadian researchers, clinicians, healthcare organizations, and companies with a solution that meets the eligibility requirements and addresses at least one of CABHI's innovation themes:
- Aging at Home
- Caregiver Support
- Care Coordination and Navigation
- Cognitive and Mental Health
- Financial Health and Wellness
"CABHI is doing exceptional work to help Ontario researchers and entrepreneurs develop and commercialize new products and services that can greatly improve the wellbeing of our loved ones who are living with dementia," said the Honourable Nolan Quinn, Ontario's Minister of Colleges and Universities. "That's why our government has played an active role in supporting the work of CABHI and initiatives like its new Ignite program that provide much-needed support to early-stage innovators."
Ignite applications opened online today, October 22, 2024, and will accept submissions until December 2, 2024. For more information, visit https://www.cabhi.com/ignite/.
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