Chiptech announces major innovation initiative at high-profile reception with the New Zealand Prime Minister in London.

Lancaster based Chiptech announced a major healthcare innovation initiative at high-profile reception with the New Zealand Prime Minister Rt Hon Christopher Luxon in London.

Chiptech joined dignitaries, including the Secretary of State for Business and Trade, the Rt Hon Jonathan Reynolds, and the Secretary of State for Environment, Food and Rural Affairs, the Rt Hon Steve Reed, alongside innovators, and business leaders at a high-profile reception hosted in the Great Hall, One Great George Street, Westminster. 

 At the event, Chiptech announced a major new initiative across the UK and Europe, including the signing of a Memorandum of Understanding with the North West based Electech Innovation Cluster.

This Memorandum of Understanding, worth £500k per year, establishes a groundbreaking funding and mentoring programme to support startups focused on people safety and healthcare innovation.

Since entering the UK market in 2019, Chiptech has become the leading provider of digital telecare products, serving more than 200,000 users and supporting independence and safety for elderly and vulnerable individuals.

The company employs 50 people across the UK, with its headquarters based in the historic city of Lancaster.

 Chiptech’s current UK operations contribute savings of £2bn per year to the NHS and the wider Health and Social Care sector, thanks to reduced hospital admissions, delayed residential care, and more efficient emergency responses.

These savings are projected to reach £5bn as service volumes continue to grow and develop.

 David Hammond, chief executive of Chiptech Europe, said: “Our mission is to create technology that genuinely improves people’s lives.

“This exciting new initiative will support early-stage innovation and bring to life new products and services with global reach and real world impact.”

The Electech Innovation Cluster, a business-led network that bridges the gap between industry, R&D, government, and education, is delighted to partner with Chiptech for this initiative.

Cluster manager, Dan Knowles said: “This partnership signifies the start of an exciting relationship between Chiptech and the Electech Cluster.

"We're thrilled that Chiptech will be investing in the local supply chain and hope that the relationship helps us share newfound best practice with our counterparts in New Zealand too.”

 The new partnership will offer funding, mentoring, and global market access to startups developing solutions in medical safety, assisted living, and digital healthcare.

In addition to financial support, companies will gain access to Chiptech’s R&D, design, manufacturing, and commercialisation expertise.