Business Funding is available via the Biomedical Catalyst of up to £10 million to support innovative healthcare technologies and processes that could help prevent disease or could better treat and manage chronic health conditions.
The world’s growing and ageing population and increasing burden of disease are throwing up significant challenges for healthcare provision. The need for efficient and effective healthcare has never been more important.
The fund is seeking projects across a range of fields including:
- Stratified healthcare (both therapy and diagnostic components)
- Regenerative medicine
- Digital health
- Enabling medical technologies and devices
Innovate UK, the Medical Research Council and Scottish Enterprise fund the Biomedical Catalyst. It supports the best life science opportunities in the UK.
This competition has two types of award:
- FEASIBILITY STUDIES AWARD: to explore and evaluate the commercial potential of innovative scientific ideasIt is expected that the total project costs will be of up to £200,000. Projects should last between 3 months and 1 year. Projects must start by 1st August 2017 and end by 1st August 2018.
- PRIMER AWARD: to conduct a technical evaluation of your idea through to proof of concept in a model systemIt is expected that projects will range in size from total project costs of £200,000 to £1.5 million. Projects should last up to 2 years. Projects must start by 1st August 2017 and end by 1st August 2019.
This Innovate UK competition opens on 23rd January 2017, and the deadline for registration is midday on 22nd March 2017.
Projects must be led by an SME working alone or in partnership with other businesses, researchers or charities.
- It is expected that feasibility projects will range in size up to £200,000 and to last between three and 12 months
- They expect primer projects to range between £200,000 and £1.5 million and to last up to two years
- Businesses could attract up to 70% of their project costs
You can access a briefing event recording here and further details can be found on their website, via the link on the right hand side.