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Summary:
If you are an SME working in HealthTech, you can apply for up to £30,000 of funding for use with regulatory affairs providers helping you navigate regulatory pathways.
Close date: 31/05/2022
Max Grant Size (SME): £30,000
Funding Percentage: 100%
Collaboration: Single
Funding Type: Innovation Grant
Fund Provider(s): Innovate UK
Industries: Health and Lifescience
Competition aim
On behalf of Innovate UK, CPI and ABHI, the Health Technology Regulatory and Innovation Programme has been developed to support small and medium sized businesses to navigate the complex and ever-changing HealthTech regulatory landscape. The programme will support SMEs who rely on external expertise to commercialise new products, or re-register existing products in-line with new regulatory requirements.
Competition scope
Applications open from 14th February 2022 and close on 31st May 2022. Applications will be reviewed on a weekly basis and awards made on a first-come, first-served basis if the minimum threshold criteria are met. Companies are, therefore, encouraged to apply as soon as they can. Funding is aimed at SMEs developing or offering products in the medical device and diagnostics (including IVD) area. Although pharma products are not considered under this guidance, combination medical products such as drug delivery devices would be considered eligible. Why you should apply
The regulatory landscape for HealthTech is constantly changing, including a divergence between the UK and EU systems. This is leading to some UK companies finding their products no longer meet the regulatory requirements to be sold within the EU. SMEs seeking to commercialise their products often suffer from a lack of internal expertise on regulatory process, leading to a reliance on external support. This presents a financial and knowledge barrier to many small businesses. The Health Technology Regulatory and Innovation Programme aims to help SMEs overcome this barrier. We will also be offering a range of educational resources to support you and your business to better understand the regulatory landscape for HealthTech.
Inovasi helps companies to innovate with innovation incentives: R&D, Tax Credits, The Patent Box Scheme, and Funding. Inovasi aims to save you time, so you can focus on the core of your business, we offer expert advice, you can rest easy knowing your claim has been strictly adhered to HMRC legislation, reducing the chance of an inquiry, maximise all aspects of your innovation process, experienced, up to date on the latest guidance and changes related to grants.