£8m digital health competition for UK SMEs (innovation funding)
Innovate UK is opening up £8m in funding for small companies with big ideas that could help tackle the biggest healthcare challenges facing the UK. The UK’s innovation agency is looking for SMEs from the UK digital sector to submit ideas for feasibility studies or product-development projects.
Aim: improve patient outcomes, demonstrate new and transformative ways of delivering healthcare, and reduce demands on the health service while delivering savings or efficiency gains.
Open for submissions until 4 October.
Winning projects will receive up to 70% of eligible costs.
Feasibility studies of up to one year's duration could receive backing of between £50,000 and £70,000. Industrial research or development projects, meanwhile, could garner a cash injection of between £500,000 and £1m over a three-year lifespan.
To qualify for the competition, all projects must begin by 1 February 2018 and be led by a UK-based SME, working alone or in unison with other companies.
Government innovation agency launches £8m digital health competition for UK SMEs
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