InnovateUK lauches new funding initiative in support to diagnostics and tratment of disease

As our H2020 project BreathSpec® is now approaching to its crucial phase (ed. for more info, stay tuned on all our channels), diagnostics is receiving a renewed interest by investors and funding organisations.

There are grant funding and private investment currently available for precision medicine projects that improve how we diagnose, monitor and treat disease and the last – yet not least – of these opportunities has just been announced by InnovateUK, which has up to £6 million available in grants for UK-based small and medium-sized enterprises, with at least the same amount in additional match funding coming from equity partners. As states on the description of the call, the programme will fund projects that focus on at least one of the following:

  • next-generation medical diagnostics, including new molecular and cellular diagnostics, advanced medtech devices, and imaging and clinical pathology technologies
  • wearable or implantable devices such as biosensor tattoos or contact lenses that can inform treatment options for the patient outside of the hospital
  • tailor-made therapies or medicines designed around an individual patient’s molecular diagnosis. This includes gene therapy, regenerative cell therapy, immunotherapy, synthetic biology or combination therapies
  • bioinformatic or artificial intelligence applications that rapidly and accurately extract digital data from medtech devices, imaging systems or clinical pathology platforms

The innovation fund will open the competition on 23 July 2018, and the deadline for applications is at midday on 26 September and the competition will be open to single applicant SMEs with the opportunity to access to match funding; In this regard, InnovateUK provides a list of 13 investor partners providing match funding in this competition (link).

Projects eligible for funding can last up to 24 months and have total costs of between £500,000 and £1.5 million. Successful applicants will be provided with 100% of their project costs. This will be split between Innovate UK and the equity partner, depending on whether it is an industrial research or experimental development project.

Source InnovateUK

£25million to create next-gen UK Connected Autonomous Vehicle services.

If your company is involved in the Autonomous Vehicles business, you definitely cannot miss this opportunity!

The Centre for Connected and Autonomous Vehicles (CCAV) is aiming to invest over £150 million, match-funded by industry over 5 years, to ensure the UK become a leader in the Connected Autonomous Vehicles (CAV) transportation. Thanks to the CCAV funding opportunities, trials in real-world settings are already under way in Bristol, Coventry, Greenwich and Milton Keynes; this year, the CCAV has up to £25 million to invest in up to 4 pilot schemes for self-driving vehicles, each of which must have at least a 6-month trial in a public or semi-controlled setting; a clear commercial focus and the potential to become an enduring service.

Briefing events will be held in London, Cardiff, Belfast, Glasgow and Sunderland a the end of June and beginning of July 2018.

For more information, contact us!

Innovate UK to launch its 7 Wonders of the summer

Talking about summer reminds most of us of sunny beaches and relaxing holidays, but for SMEs this could be also the perfect time to seize new and exciting funding opportunities, as over £80m in funding is made available by Innovate UK to support innovation and growth, and we have divided them in to what we like to call the 7 Wonders of the SMEs' Summer.

Starting with the Open grant funding competition: Round 2 , Innovate UK will make available up to £20 million to the best cutting-edge or disruptive ideas or concepts with a view to commercialisation. The competition will be open from the 12th of July and we do really suggest you to keep an eye on this, as up to 70% funding is available to applications from any area: from technology, science or engineering, to arts, design, media or even creative industries.

More focused schemes are also available to those who have innovative ideas to reduce the waste of plastics or to design and implement smart local energy systems. The Plastic innovation: towards zero waste competitions scheme opened last June 18th, and will make available up to £4million funding to support innovative activities – e.g. developing new polymers, processes, designs, recycling regimes, etc. - that result in less persistent plastic waste in our environment. On the other hand, the Smart local energy systems: concepts and designs is directed to revolutionary concept and design studies for new, smarter approaches to local energy; these approaches must aim to provide cleaner, cheaper energy services for UK consumers in the 2020s while helping make communities more prosperous and resilient. The scheme opened on May 8th and will fund projects between £100,000 and £200,000 for a total worth of £1.5 million.

SMEs operating in the manufacturing area will have also the chance to compete in the Manufacturing readiness and scale up of genomic analysis technologies; a competition which will allocate up to £5 million in projects that aim to increase the UK commercial capacity to manufacture real time or rapid genomic analysis equipment such as high throughput nucleic acid sequencing. The competition is open since 18th June and will remain open until 11th July .

The fourth competition launched, on Monday 4th June, addresses all UK businesses and RTOs who want to implement ground breaking ideas for a Connected and Autonomous Vehicles (CAV) testing infrastructure for autonomous parking and autonomous driving on rural roads and highways. The name of the competition is Meridian 3: autonomous highway, rural and parking test facilities and within this programme, the Centre for Connected and Autonomous Vehicles (CCAV) will invest up to £25 million in partnership with Meridian Mobility and Innovate UK, to support up to 6 projects aimed to create the world’s most effective CAV testing ecosystem. otal project costs must be between £1 million and £20 million.

The last two “Wonders” are not specifically industry-related, yet they are a great opportunity for all those companies who work with IT systems, AI and data management. As part of the Next Generation Services Challenge, Innovate UK launched on 18th June an initiative called Transforming accountancy, insurance and legal services with AI and data (small projects strand) to invest up to £12 million in innovation projects to support the application of artificial intelligence (AI) and data technologies. Funded projects should be up to £400,000 and should aim to transform, in up to 2 years, fields such as: Accountancy; Insurance and Legal services. Finally, Innovate UK has something in store even for those companies who are working to improve the defence and security of the UK. The Defence and Security Accelerator (DASA) Open Call for Innovation will remain open until March 2019 and it is looking for innovations that address defence or security challenges in two specific strands: Emerging Innovations and Rapid Impact Innovation.