Money Minutes Ep 49 - Innovate UK Opens Innovation in Health and Life Sciences Round 2 Funding Competition

Through this competition, Innovate UK (IUK) is investing in projects addressing technical or commercial challenges in health and life sciences (H&LS). The aim is to increase competitiveness for UK small and medium-sized enterprises (SMEs).

Money Minutes Ep 49 Health & Life Sciences Competition Round 1.mp3

The H&LS sector focuses on agriculture, food and healthcare. It is supported by bioscience technology, medical research and engineering and physical sciences expertise.

Projects must cover at least one of the following IUK priority areas:

  • Increase yield, quality and sustainability in agriculture and food production.
  • Improve precision medicine, advanced therapies, preclinical technologies.
  • Advance biosciences in healthcare and agriculture and food production.

There is up to £15 million of funding available for research and development projects in this competition.

There are two options to apply, as follows:

  • Projects with eligible costs of up to £100,000 and 12 months or less in duration. There is up to £5 million of funding available for these types of project.
  • Projects with eligible costs of up to £2 million and between 12 and 36 months in duration. There is up to £10 million of funding available for these types of project

IUK expects projects to last from six months to three years and to range in size from total costs of £50,000 to £2 million. IUK may consider projects outside this range, but applicants should contact IUK at least 10 days before the registration deadline to discuss further.

Projects may focus on technical feasibility, industrial research or experimental development. IUK encourages applications around the following specific themes:

  • Increasing agricultural productivity
  • Improved food quality and sustainability
  • Precision medicine
  • Advanced therapies
  • Preclinical technologies
  • Biosciences

Grants can be awarded to a consortium, led by a business, working with other organisations or research groups. All projects must involve at least one SME and a business must lead the project. Research organisations can participate in projects as collaborators.

The deadline for registrations is 5 April 2017.

More information on the IUK website:

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