There is simultaneous grant funding and private investment for precision medicine projects that improve how we diagnose, monitor and treat disease for individual patients.
Innovate UK has up to £6 million available in grants for UK-based small and medium-sized enterprises, with at least the same amount in additional match funding coming from equity partners.
This joined up approach should benefit businesses by removing the need to chase their own match funding or additional investment while supporting access to skills, knowledge and market opportunities.
We are inviting funding applications for projects that will advance precision medicine technologies to support early and accurate diagnosis and inform treatment options. They should help to ensure that the right treatment is selected for individual patients, first time.
We are looking for projects that focus on at least one of the following:
This need for earlier diagnosis and precision medicine is one of areas being addressed by the Industrial Strategy Challenge Fund. The challenge will invest up to £210 million in industry and research to combine research data with evidence from the health service and transform precision medicine.
There are 13 investor partners providing match funding in this competition. These are:
If you have a preferred investor partner that you would like to work with, you can specific this in your application. For a grant to be offered both Innovate UK and the investor partner must identify a project as fundable.
More information can be found here.