Funding Available For Precision Medicine Technologies

Up to £6 million has been made available for innovative projects to support the development of precision medicine technologies.

Innovate UK are seeking funding applications for:

• feasibility studies - to help companies assess the research, development and adoption issues their concept will need to address and the likelihood of success

• research and development - to help companies develop and trial precision medicine technologies

Feasibility projects can last up to 12 months and have total project costs of up to £100,000. Innovate UK will fund either single-company SME projects or collaborative projects led by an SME.

Research and experimental development projects can last up to 24 months and have total project costs of between £1 million to £2 million. Innovate UK will fund:

• projects that are led by a business, or research and technology organisation

• collaborative projects

Collaborations must include at least one other grant-claiming partner (such as an NHS organisation, another healthcare provider, a business, a Catapult or other research technology organisation, or a research base or third-sector organisation).

Applications are being accepted now, go here to apply.

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