Industry-led Proof of Feasibility Funding

The Industry-led Proof of Feasibility call is a new package of support available for small and medium-sized enterprises to develop innovative medical technologies by connecting with academic capability within the Grow MedTech consortium.

Proof of Feasibility awards of up to £20,000 for a maximum duration of 6 months are available to support industry-led medtech innovation projects, which fit with the scope of the award, and where proof of market and the clinical need have already been established.

The funding should be used to accelerate technologies towards commercialisation or clinical adoption, and assists in attracting follow on or external funding.

All projects must be based on:

  • Collaboration (industry with academia)
  • Co-investment (industry match*)
  • Industry needs
  • Global market opportunity
  • Clear clinical drivers, patient benefits
  • Expertise within a Grow MedTech University
  • Developing a commercially viable product

*30% micro and small companies, 40% medium companies of the total project costs (in-kind and direct cash paid to the university partner)

Grow MedTech supports the development of medical devices, including materials and software, but does not support the development and discovery of pharmaceuticals.

This competition provides state aid funding under article 28.4 ‘innovation advisory and support services for SMEs’ of the General Block Exemption Regulation 651/2014 (“GBER”). It is the responsibility of the industry partner to make sure that they are eligible to receive state aid.

All applications should have a strong emphasis on patient benefit with plans for patient and public involvement and strong clinical engagement is encouraged.

This call does not directly fund industry/commercial organisations.

How to apply

Funding is via a single-stage process. Application forms can be provided by and should be co-developed with a Grow MedTech Technology Innovation Manager. Each bring unique sector and technical experience across medtech, research enterprise, manufacturing, knowledge exchange and more.

Find out which of the team has experience best suited to support your project and which university they are based at via their profiles, and get in touch for an application form.

Completed Proof of Feasibility application forms should be emailed to info@growmed.tech by 12 noon, 6 May 2020.

Subscribe

Sign up to our e-newsletter for all the latest news and updates from Medipex.

*All fields are required
Download as PDF