SMEs Encourage to Apply for Healthcare Sector Business Funding

SMEs in the healthcare sector are invited to apply for a share of up to £12 million to develop innovative ideas that will help to detect, manage and treat disease.

The Biomedical Catalyst project, managed by Innovate UK, has up to £12 million to support innovative healthcare technologies and processes that could help to prevent disease or better manage and treat chronic health conditions.

Funding for the project comes from Innovate UK, the Medical Research Council and Scottish Enterprise.

Innovate UK is looking for projects across a range of fields including:

  • stratified healthcare (both therapy and diagnostic components)
  • advanced therapies (cell and gene therapy)
  • diagnostics
  • digital health
  • enabling medical technologies and devices

Funding is available for late-stage awards and could be for projects including:

  • initial human proof-of-concept studies
  • demonstration of clinical utility and effectiveness
  • demonstration of safety and efficacy (including phase I and II clinical trials)
  • developing production mechanisms
  • prototyping
  • market testing
  • intellectual property protection

Competition information

  • The competition opens on 30 March 2017, and the deadline for registration is midday on 31 May 2017.
  • Projects must be led by an SME either working alone or with others.
  • Projects should between £250,000 and £4 million in size and last between 12 and 36 months.
  • Businesses could attract up to 70% of their project costs.
  • A briefing event for potential applicants takes place on 4 April 2017

Find out more at Innovate UK – click here.

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