UK businesses can apply to the Biomedical Catalyst for a share of up to £10 million to develop innovative products and processes to healthcare challenges. 

The Biomedical Catalyst fund has up to £10 million to invest in innovative projects that tackle  some of the biggest  healthcare challenges  in the world.

The fund  is a partnership  between Innovate UK and the Medical Research Council. It aims  to support  innovative ideas across the life sciences sector, to make  ideas from research and academia a reality.

Funding support is available in any sector or discipline including:

  • stratified health care
  • advanced therapies, such as  gene and cell therapies
  • diagnostics
  • medical technologies and devices

Projects should develop innovative healthcare products, technologies and processes.

This could include projects that aim to:

  • prevent disease or manage chronic health conditions
  • detect or diagnose disease earlier
  • provide tailored treatments that change the underlying disease or offer cures

There are two  funding competitions being run. These are for:

  • feasibility studies to explore and evaluate the commercial potential of early-stage ideas. Up to £2 million is available
  • early-stage project to create sufficient data to support later testing of products in a clinical or other relevant setting. Up to £8 million is available.

Competition information:

  • the competitions opened 26 March 2018 and the deadline for applications is 6 June  2018
  • projects must be led by an  SME, either working alone or with other SMEs or research organisations
  • feasibility projects are expected to have total costs  of up to £200,000 and to last between 3 and 12 months
  • early-stage projects are expected to have total costs of between £250,000 and £4 million and to last  between 12 and 36 months
  • businesses could attract up to 70% of their project costs
  • a briefing event will be held on 4 April 2018

To find out more about the healthcare funding available please visit the Innovate UK website using the link provided on the right hand side.