Evaluating medical innovations: apply for funding | GOVUK

Evaluating medical innovations: apply for funding | GOVUK

 

Life sciences is one of the defining industries of the UK, with over 5,000 companies and 250,000 employees, and a turnover of £70.3 billion. It is also a sector that fosters growth, with more than 95% of life sciences businesses being micro, small or medium-sized enterprises (SMEs).

The competition aims to provide evidence to support SMEs developing medical technologies and solutions to be commissioned by the NHS.

However, a 2016 Accelerated Access Review revealed that life sciences SMEs often face obstacles in presenting real-world evidence – within an NHS setting – to support their efforts to get their innovations commissioned within the NHS to help patients.

Up to £1.5 million is available in a competition through Innovate UK and the Office for Life Sciences to support evaluating cutting-edge devices, diagnostics and digital technologies in a real-world clinical setting.

 

Competition information

  • the competition will open on 22 April 2019, and close at midday on 3 July 2019
  • to lead the project, you must be a micro, small or medium-sized enterprise based in the UK
  • up to £250,000 including VAT is available
  • projects must start by 12 December 2019, and be completed by the end of December 2020

 

Please visit the GOVUK website for further information or contact us to find out more about this opportunity

 

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