funding for medtech

£1.5m funding for medtech SMEs

Medtech

The Office for Life Sciences (OLS) with Innovate UK has launched its fifth round of support to evaluate innovative medical technologies.

UK-registered SMEs can apply for a share of £1.5m to support the evaluation of innovative medical devices, diagnostics and regulated health products. These will support developers of innovative medical devices, diagnostics and regulated digital technology to evaluate their product in a real-world clinical setting.

Two options are available to businesses:

  • Planning and preparation for a study, for which total eligible project costs can be up to £100,000.
  • A study to collect clinical performance and cost-effectiveness data, for which total project costs can be up to £500,000.

The competition opens September 30, and will close at 12:00pm on Wednesday 11 December 2019.

Learn more