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Tackling Healthcare Challenges: Apply for Business Funding

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Businesses can apply for a share of up to £12 million to develop innovative ideas that will help to detect, manage and treat disease.

The Biomedical Catalyst has up to £12 million to support innovative healthcare technologies and processes that could help to prevent disease or better manage and treat chronic health conditions.

Providing effective and efficient healthcare

Healthcare costs are rising across the world as a growing and ageing population brings with it an increasing burden of disease.

There is a greater need than ever to provide effective and efficient ways of meeting this healthcare challenge.

The Biomedical Catalyst supports innovative solutions to healthcare challenges. It is funded by Innovate UK, the Medical Research Council and Scottish Enterprise.

A range of projects

We are seeking projects across a range of fields including:

  • Stratified healthcare (both therapy and diagnostic components)
  • Advanced therapies (cell and gene therapy)
  • Diagnostics
  • Digital health
  • Enabling medical technologies and devices

Funding is available for late-stage awards and could be for projects including:

  • Initial human proof-of-concept studies
  • Demonstration of clinical utility and effectiveness
  • Demonstration of safety and efficacy (including phase I and II clinical trials)
  • Developing production mechanisms
  • Prototyping
  • Market testing
  • Intellectual property protection

Competition information

  • The competition opens on 30 March 2017, and the deadline for registration is midday on 31 May 2017
  • Projects must be led by an SME either working alone or with others
  • We expect projects to range in size from £250,000 to £4 million and to last between 12 and 36 months
  • Businesses could attract up to 70% of their project costs
  • A briefing event for potential applicants takes place on 4 April 2017

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Life Sciences Hub Wales is the focal point for the Life Sciences sector in Wales – stimulating innovation, collaboration and investment.

The Hub is the ‘nerve centre’ for the eco-system in Wales, facilitating and encouraging innovation, aligning research with commercialisation, providing access to finance and expertise, and supporting business development in existing organisations.

Bringing together all facets of the network in Wales including academic, business, clinical, government, professional services and funding organisations, the Hub provides a commercially-driven resource for the sector.

The Hub hosts and engages organisations large and small and not only those in Life Sciences but a fully engaged network of professional services providing expertise and support to the sector.

Member organisations and partners benefit from a dedicated venue and a single access point to bespoke facilities, co-ordinated support, networking opportunities, professional advice, exclusive events, and most importantly promotional and funding opportunities.

Business and organisations working at the Hub include those operating in Pharmaceutical, Medical Technology, Biotechnology, Research & Development, Diagnostics, Clinical, Funding, Service & Supply Chain, and Business Support.

Get in touch to find out how your business or organisation can benefit from working with the Hub and discover more about our network of entrepreneurs, academics, SMEs and multinational corporations, and find out more about Wales’ impact on the global Life Sciences eco-system.

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