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January 13, 2023 | News

£25million Innovate UK funding for SMEs working on healthcare challenges

£25million Innovate UK funding for SMEs working on healthcare challenges

Innovate UK, part of UK Research and Innovation, will invest up to £25 million in innovation projects. These will be to support UK registered businesses develop innovative solutions to address significant health or healthcare challenges.

The aim of this industry-led R&D competition is to support the development of innovative solutions to health and healthcare challenges.

Your project can focus on:

  • disease prevention and proactive management of health and chronic conditions
  • earlier and better detection and diagnosis of disease, leading to better patient outcomes
  • tailored treatments that either change the underlying disease or offer potential cures
  • transforming the delivery of healthcare
  • the development of digital health technologies

The Industry-led research and development (R&D) stream of the Biomedical Catalyst programme supports pre-market R&D projects. Applicants must be able to demonstrate existing evidence of commercial and technical feasibility.

Applications must show how they will improve the competitiveness and productivity of at least one UK SME involved in the project. Your project’s total costs must be between £150,000 and £4 million, and the total grant cannot exceed £2 million.

Find out more here and apply by 1st March 2023.

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