Assessing the impact of medical technologies: apply for funding

29 Jan 2018 04:19 PM

UK SMEs can apply for a share of up to £1 million to evaluate innovative medical technologies that could help the NHS to meet its priorities.

The Office for Life Sciences, in partnership with Innovate UK, has up to £1 million to invest in projects that help developers of innovative medicines, medical devices, diagnostics and digital technologies to evaluate their products in a clinical setting.

This competition will allow small and medium-sized enterprises (SMEs) to generate evidence that the products they are developing can meet the priorities of the NHS.

The life sciences sector

Life sciences is one of the most important sectors of the UK economy. More than 5,000 businesses employ around 235,000 people and generate £63.5 billion in turnover.

Over 95% of businesses working in the sector are small. They often find it difficult to generate sufficient evidence to get their products adopted.

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

In line with NHS priorities

Projects can range from smaller ones looking at the feasibility of collecting data to larger ones that support the actual collection of data.

They must be carried out in the NHS and show how they will impact NHS priorities. This includes to:

Competition information

Find out more about this competition and apply.