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.
- 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