Wish campaign BIME
Bath Institute of Medical Engineering will use its share of the money to provide more Wizzybugs to families in the west who would otherwise be unable to afford one.
The motorised wheelchair is for children aged 18 months to five with conditions such as cerebral palsy.
It aims to give them a more normal childhood by letting them get out and about and play with their friends.
Through the loan scheme, they are provided free of charge to families who would otherwise be unable to afford one.
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Media and fundraising officer Emma Andrews said: "This chair has been designed for young disabled children because there is often no NHS provision for powered mobility for this age group.
"For children with limited mobility, the Wizzybug provides the first experience of a mobility chair, and allows them to explore without having to rely on mum or dad to push them round in a wheelchair.
"At this age independence and being able to get out and about is crucial, and the Wizzybug allows them to do that."
The cost of providing one Wizzybug in the scheme is £4,250. The loan scheme was launched in October 2010, and since then 56 families have been helped.
Each Wizzybug is loaned out repeatedly during its life, significantly increasing the number of children and families who benefit.
Emma said: "Wizzybugs are made in Bath, and support local families.
"They provide an amazing opportunity for children who otherwise would not be able to get about independently.
"The loan scheme lets us help families who are not able to afford a Wizzybug, ensuring that more children can benefit."