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Dedicated innovation funds

Dedicated innovation funds and internal public venture funds, such as the UK’s ‘Invest to Save’ budget for cross-cutting innovations, The Enterprise Challenge in Singapore, and the $700m US education innovation fund. In the UK, the NHS has established a £220 million innovation fund over 5 years to be distributed through the 10 Strategic Health Authorities. Its aim is to enable ideas to be developed and tested, with £20 million to be spent on a public competition for medical breakthroughs.