New support scheme for SMEs to evaluate innovative medical technologies

A new scheme, launched by Innovate UK and the Office for Life Sciences, will provide financial and advisory support for UK SMEs with recently CE-marked medical devices, diagnostics and digital health products that have potential to address NHS clinical and service needs.

Medtech SMEs are a growing and highly innovative segment of the UK life sciences industry. There are over 3,000 UK medtech companies, 98% of which are SMEs. However, SMEs face barriers when selling to the NHS.

Data from early development is often enough to acquire a CE mark. But, it will often not be enough to convince commissioners. Additional evidence from piloting the innovation in a clinical setting is needed. This disadvantages SMEs with limited resources.

SMEs will be supported to collect and analyse evidence on the clinical performance and cost-effectiveness of their products in an NHS setting with a view to spreading their innovative product across the NHS.

Two funding options are available. Phase 1 support of £40-50 thousand to engage clinical partners, identify evidence and plan a study. Phase 2 support will be around £250 thousand for data collection and analysis.

Please visit the Innovate UK webpage for more information and to apply.

You may also be Interested in

Results of study on prehospital births driving improvements to urgent neonatal care

Results of study on prehospital births driving improvements to urgent neonatal care

Read more
Improving maternity care – lessons from scaling up the PReCePT programme

Improving maternity care – lessons from scaling up the PReCePT programme

Read more
Innovate Awards 2023 finalists announced

Innovate Awards 2023 finalists announced

Read more
Newsletter

Stay up to date

Sign up to our newsletter for all the latest news and events