Support for SMEs to Evaluate Innovative Medical Technologies Funding Competition
Funding for UK SMEs to support the evaluation of innovative medical devices, diagnostics and regulated digital health products.
Innovate UK (IUK) is the UK's innovation agency and an executive non-departmental public body sponsored by the Department for Business, Energy & Industrial Strategy (BEIS). It works with people, companies and partner organisations to de-risk, enable and support innovation, and promote UK economic growth. IUK is running this competition in partnership with the Office for Life Sciences (OLS).
This competition will provide funding for small and medium-sized enterprises (SMEs) to generate an evidence base that will enable the evaluation of products that address NHS priorities.
This support is intended to allow companies to collect and analyse clinical performance and cost effectiveness data within an NHS setting. Work should focus on understanding evidence gaps, and testing product performance to clearly explain the operational impact of the product on NHS service provision. Proposals must aim to support the impact assessment of medical devices, diagnostics and regulated digital healthcare products.
The following two funding options are available:
Option 1: project costs of up to £50,000
SMEs can apply for support to develop detailed and feasible plans for the collection of relevant data in a clinical setting. It is expected that the development of these plans will involve discussion with appropriate stakeholders in NIHR, NICE and NHS England.
Option 2: project costs of up to £250,000
SMEs can apply for support to enable the collection and analysis of real world data that helps evaluate the impact of a product. Plans must have been developed in discussion with NICE and NHS England.
Total project costs must range in size from £50,000 to £250,000. Applicants can get funding of up to 50% of eligible project costs.
Applications must have been submitted by the 21 March 2018 deadline.
Please find further details at: https://www.gov.uk/government/organisations/innovate-uk