Industry-Led Proof of Feasibility funding call with Grow MedTech

Date: March 5, 2020

Grow MedTech have launched an Industry-led Proof of Feasibility call, a new package of support available for small and medium-sized enterprises to develop new medical technologies by connecting to academic capability within our partner universities.

Businesses can access the specialist expertise needed by teaming up with the relevant Grow MedTech researchers to de-risk and advance the development of new medical technologies in order to build confidence for further investment.

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.

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).

The deadline for applications is 12 noon, 6 May 2020.

For full details, including how to apply, visit the Grow MedTech website.

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