Home / Opportunities / Funding & Investment / Support for SMEs to evaluate innovative medical technologies

Support for SMEs to evaluate innovative medical technologies

SMEs can apply for a share of £1 million to support the evaluation of innovative medical devices, diagnostics and regulated digital health products.

The Office for Life Sciences (OLS) in partnership with Innovate UK is to invest up to £1 million to support developers of innovative medicines, medical devices, diagnostics and regulated digital technology to evaluate their product in a real world clinical setting.

This competition aims to provide support 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.

Proposals should:

  • describe the innovative medicine or CE-marked device
  • include any current up to date evidence of the product’s clinical performance and cost effectiveness
  • demonstrate how the product meets the priority needs defined in next steps on the NHS 5 year forward view, and how it is expected to deliver significant cost savings, health gains or beneficial service impacts, if quickly adopted across NHS England
  • provide evidence that you are working with appropriate stakeholders including the National Institute for Health and Care Excellence (NICE), NHS England, National Institute of Health Research (NIHR) and Academic Health Science Networks (AHSNs)
  • include the development or implementation of plans for data collection within the NHS
  • outline how studies will generate data on the costs and benefits of a product, allowing evaluation by NICE

All projects must be business led.

Collaborative partners are permitted but not required. Only the lead partner can claim grant.

Funding Type: Grant

Project Size: Total project costs must range in size from £50,000 to £250,000. Projects must start by 1 June 2018 and be completed by the end of March 2019.

Dates: This competition opened on 29 January and closes on Wednesday 21 March at 12:00pm.

For further information or to apply, please click here.

Check Also

Collaborate business growth grant

The Collaborate business growth grant supports the growth or development of existing small and medium-sized businesses based in …