Finance

12th November 2018

SME support to evaluate innovative medical technologies: round 3

SMEs can apply for a share of £1.5 million to support the evaluation of innovative medical devices, diagnostics and regulated digital health products.

Competition opens: Monday 26 November 2018
Competition closes: Wednesday 30 January 2019 12:00pm

The Office for Life Sciences (OLS) will work with Innovate UK, as part of UK Research and Innovation, to invest up to £1.5 million in innovation projects. These will be to support developers of innovative medical devices, diagnostics and regulated digital technology to evaluate their product in a real world clinical setting.

You can choose from 2 options:

  • Planning and preparation for a study. Project costs can be up to £50,000.
  • A study to collect clinical performance and cost-effectiveness data. Project costs can be up to £250,000.

All projects must be business led.

This competition aims to provide support for micro, small and medium-sized enterprises (SMEs). We are looking for studies that aim to develop an evidence base for products that address NHS priorities. Our support will allow companies to collect and analyse clinical performance and cost effectiveness data in an NHS setting.

You can work alone or collaborate with others as unfunded partners or sub-contractors. Only the lead partner can claim grant funding.

If your project’s total costs or duration fall outside of our eligibility criteria, you must provide justification by email tosupport@innovateuk.ukri.org at least 10 days before the competition closes. We will decide whether to approve your request.

Find out more here