Medtech Navigator has launched the Innovation Grants as its latest offering to support SMEs. The grants are funded by a £1 million grant from the European Regional Development Fund (ERDF) and are aimed at facilitating innovation in the east of the UK over the next three years.
The grants from Navigator, the development programme from NHS medtech hub Health Enterprise East (HEE), will encourage collaboration and knowledge sharing between industry and NHS experts in the east of the UK.
The grants will facilitate bespoke interactions between innovative SMEs and knowledge providers such as NHS Trusts during product development processes. Each grant issues will be worth 50 per cent of total project costs up to a maximum amount of £15,000. Business will pay the remaining 50 per cent and any costs over and above the £15,000 ceiling.
The grants could support the development or testing of new products or processes, provide expertise and access information on care pathways and workflows and clinical and scientific advice.
Navigator Consultant and Programme Manager Dr. Chris Warwick said: “we are so pleased to launch our new Innovation Grants for SMEs, helping [SMEs] to successfully engage with the NHS and ensure that key stakeholders such as the beneficiary (patient), user (clinician) and buyer (NHS organisation), who often have different interests and requirements, are all involved throughout the process.”
“We hope that this scheme will support innovation and knowledge transfer in the healthcare sector by encouraging collaboration between researchers, clinicians and SMEs, especially in these challenging times.”