News‎ > ‎Full Stories‎ > ‎

13 September 2017

posted Sep 13, 2017, 1:45 AM by Beck Lockwood   [ updated Sep 13, 2017, 1:52 AM ]
Innovate UK announces new funding for precision medicine

A new precision medicine funding competition has been launched this week by Innovate UK.

The £6m fund is targeting innovation projects that support the development of precision medicine technologies. In particular, Innovate UK is looking to encourage applications that can provide evidence of engagement with regional precision medicine centres of expertise across the UK.

Applications can be for feasibility studies, or industrial research and experimental development projects.

Feasibility projects can last up to 12 months and have total project costs of up to £100,000. Eligible applicants will include 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. Projects that are led by a business or research and technology organisation, or collaborative projects will be eligible.

The competition closes on 25th October and all projects must start by 1st March 2018.

More information is available on the Innovate UK website.