Innovate UK is to invest up to £15 million in innovation projects addressing technical or commercial challenges relevant to the health and life sciences sector that will lead to increased UK SME competitiveness, growth and productivity.
The health and life sciences sector has a focus on agriculture, food and healthcare, underpinned by technologies developed in bioscience and medical research and enabled by expertise in engineering and physical sciences.
The aim of this competition is to stimulate and broaden business innovation in health and life sciences, leading to an increase in productivity. Grants can be awarded to consortia, led by a business of any size, working with other businesses and/or research organisations.
All consortia must involve at least one SME and they will particularly welcome projects led by an SME. A project may focus on technical feasibility, industrial research or experimental development depending on the challenge identified. Projects can last from six to 36 months, with total costs of £50,000 to £2 million, depending on the type of project and activities proposed.
The deadline for applications is noon on 16 November 2016. Full details can be found here.