Grant & Equity Funding for Digital Health Tools
Grant Writing / Funding Consultancy / Innovate UK
Exeter, UK
£1m
IUK Investment Partnership funding.
£1.6m
in equity investment.
Scale-up
How Brain in Hand aimed to further their accessibility mission
Brain In Hand has made the hard yards from start-up to scale up and now was the time to secure a significant amount of funding to genuinely scale the capability of the company. CEO, Louise Morpeth, identified the opportunity to leverage private equity funding with public grant funding through a niche Innovate UK Edge investment/grant scheme.
About Brain in Hand
Brain in Hand works to put autistic and neurodivergent people in control of their own lives, accessing professional support when and how they need it, combining the best of digital tools with human support.
Together We Solve
It was essential to balance the interests and requirements of three parties – Brain In Hand, the innovative SME, 24 Haymarket, the active equity investor, and Innovate UK, the grant funder. Venturenomix was engaged to manage the grant application element and provide insights to the whole process.
Successful Outcomes
The grant (£993k) and equity funding (£1.6m) application was approved by both funders which unlocks £2.6m in critical scale-up funding for Brain In Hand. This approach to funding from Innovate UK Edge reduces risks on all sides and ultimately brings forward significant investment for ambitious SMEs.
Lousie Morpeth
CEO // Brain in Hand
