Funding for Innovative Healthcare Projects – 6th June 2018 (UK)

The Biomedical Catalyst fund has up to £10 million to invest in innovative projects that tackle some of the biggest healthcare challenges in the world.

Better and more efficient

A growing and ageing population is creating a need for better, more efficient health services.

The fund is a partnership between Innovate UK and the Medical Research Council. It aims to support innovative ideas across the life sciences sector, to make ideas from research and academia a reality.

Find out more about how Innovate UK supports innovation in health and life sciences.

Support is available across disciplines

Funding support is available in any sector or discipline including:

  • Stratified healthcare
  • Advanced therapies, such as gene and cell therapies
  • Diagnostics
  • Medical technologies and devices

Projects should develop innovative healthcare products, technologies and processes. This could include projects that aim to:

  • Prevent disease or manage chronic health conditions
  • Detect or diagnose disease earlier
  • Provide tailored treatments that change the underlying disease or offer cures

There are 2 funding competitions being run. These are for:

  • Feasibility studies to explore and evaluate the commercial potential of early-stage ideas. Up to £2 million is available
  • Early-stage projects to create sufficient data to support later testing of products in a clinical or other relevant setting. Up to £8 million is available

Competition information

  • The competitions open on 26 March 2018, and the deadline for applications is 6 June 2018
  • Projects must be led by an SME, either working alone or with other SMEs or research organisations
  • We expect feasibility projects to have total costs of up to £200,000 and to last between 3 and 12 months
  • We expect early stage projects to have total costs of between £250,000 and £4 million and to last between 12 and 36 months
  • Businesses could attract up to 70% of their project costs
  • A briefing event will be held on 4 April 2018

Find out more about the competition for feasibility studies and apply.

Find out more about the competition for early-stage projects and apply.

https://www.gov.uk/government/news/developing-healthcare-innovations-apply-for-business-funding

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