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Funding Opportunities in Biomedical Innovation and Healthcare: Key Insights

This document outlines various funding opportunities available through the Biomedical Catalyst and other initiatives aimed at promoting technological advancements in healthcare. It describes investment criteria for innovative healthcare solutions, eligibility for SME businesses and researchers, and the application process for different categories of grants. Additionally, it highlights related funding calls, including Digital Health in a Connected Hospital and Rapid Testing for Drugs and Alcohol, providing essential details on project scopes, timelines, and expected funding amounts.

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Funding Opportunities in Biomedical Innovation and Healthcare: Key Insights

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  1. Biomedical Catalyst • and Other Current Funding Calls 24th June 2014 – Cardiff Neil Morgan , Medtech Specialist Mark Glover 12th January 2011

  2. The Technology Strategy Board • A national organisation promoting technology-enabled innovation… • for business benefit, economic growth, and quality of lifeInvestment Criteria • Does the UK have the capability? • Is there a large market opportunity? • Is the idea ready? • Can the Technology Strategy Board make a difference? 

  3. Health+Care • Assisted Living Innovation Platform (ALIP) • Biomedical Catalyst • Regenerative Medicine • Stratified Medicine Innovation Platform (SMIP)

  4. TSB and MRC jointly investing £180m over first 3 years to: • Support healthcare R&D carried out in partnership between clinicians, academics and industry (SMEs) • Drive translation of innovative ideas into marketable products and services • more rapidly and more effectively • ensuring maximum healthcare impact • Deliver economic growth

  5. Scope • innovative ideas addressing a healthcare challenge • Any sector, any discipline • Potential for significant UK economic impact • NOT marketing projects • NOT blue sky research • Eligibility • SME Businesses & Researchers • NOT large business • Individually • Collaboratively

  6. Scheme includes 3 categories of grant for business-led applications: • Feasibility: up to 12mths; maximum grant £150k (75% eligible project costs ) • Early Stage and Late Stage: 1 to 3 yrs; maximum grant £2.4m (up to 60% eligible project costs) • Grants are per partner, not per project • Not every round includes all three categories: see • www.innovateuk.org/content/competition/biomedical-catalyst.ashx

  7. Application Assessment • What do we look for? • Technical/scientific innovation • Freedom to operate • Strong commercial proposition • Realistic exploitation plan • Strong team • Good project plan with appropriate cost structure

  8. Current Status (business-led projects): • Rounds 1,2,3&4 combined: out of 563 proposals received (requesting £521m); 122 funded = £96.8m • Round 5: 80 Early + Late stage proposals and 75 Feasibility proposals requesting over £100m total; 23 Feasibility projects funded = £3.2m. Assessment of Early and Late stage still in progress • Round 6: 84 Early + Late stage applications received.

  9. Key Dates Round 7: Late Stage only

  10. Other Funding Calls: Digital Care in a Connected Hospital Technology Inspired Innovation SBRI: Rapid Testing for Drugs and Alcohol Welsh Health Tech Launchpad Patient Stratification and Neurodegenerative Diseases www.innovateuk.org

  11. Digital Health in a Connected Hospital • £6m Collaborative R&D comp • This competition is focused on health informatics – specifically, using data to address healthcare needs within a hospital setting. Covering four areas: • Accident and Emergency • Planned Care • Health Analysis • Connected Care

  12. Digital Health in a Connected Hospital £6m Collaborative R&D comp Expected size of Projects: £600k-£1m, 12-36 months 2 Stage Competition with an Expression of Interest stage: Registration closes: 25th June at Noon Expression of interest closes: 2nd July at Noon

  13. £2.75m: Technology-Inspired Innovation Collaborative Feasibility Studies • Single-stage competition process • Projects summary: • Projects must be collaborative • Must be led by a small or micro company • Partners can be industrial and/or academic • Projects lasting 6-15 months • Expected project sizes: £50-150k

  14. SBRI: Rapid Testing for Drugs & Alcohol • This competition seeks a step-change in their simultaneous detection in the human body through a non-intimate, rapid screening test. • £325k from Home Office to prove concept of reliable and accurate tests, e.g. • optical measurement directly through the skin • skin-surface measurements • breath or saliva measurements • NOT immunoassays

  15. Key dates • The competition opened on Tuesday 6th May 2014 and will close at midday on Wednesday 9 July 2014. • For further information please visit: https://sbri.innovateuk.org/competition-display-page/-/asset_publisher/E809e7RZ5ZTz/content/rapid-testing-for-drugs-and-alcohol/1524978

  16. For more information... www.innovateuk.org • Menu: Funding & support / Funding competitions competitions@innovateuk.org Competition Helpline: 0300 321 4357 https://connect.innovateuk.org

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