Deadlines for health tech funding competitions
The deadlines for two health technology funding competitions in the SouthWest are approaching.
The telehealth competition run by the SW Microelectronics iNet and West of England Academic health Science Network (WEAHSN) closes on 4th July for expressions of interest for innovation vouchers worth up to £10,000
The competition is seeking applications from innovative small to medium-sized enterprises in the South West of England for telehealth projects focusing on the delivery of health-related products, processes and services via telecommunications technologies.
If you are interested, and would like to find out more information please email microelectronics@inets-sw.co.uk for the form.
The deadline to submit Expression of Interest form is Friday, 4th July. There is also a matchmaking workshop on Wed 16th July to put projects in touch with each other.
The latest competition from SBRI Healthcare, an NHS England-funded initiative to develop innovative products and services that address unmet health needs, has £2.5 million available to support small business development across England. Businesses will be able to submit applications for the competition from now until 12:00pm on 10 July 2014.
SBRI Healthcare will be working in partnership with the West of England and Wessex Academic Health Science Networks (AHSNs) on medicines adherence, which is one of the five key areas of healthcare that the national competition will focus on.
Businesses in the West of England are encouraged to submit products and services that will help improve how patients follow treatment recommendations to ensure that patients are getting optimum benefit from all the treatments they have been prescribed.
“It is estimated that between a third and a half of prescribed and dispensed medicines are not used as recommended and many end up being wasted,” said Sue Ladds, Chief Pharmacist, University Hospital Southampton NHS Foundation Trust. “This has a significant negative effect on patients, the healthcare system and society at large so it is imperative that we find an innovative patient-centred solution to reduce the non-adherence and suboptimal use of medicines.”
The SBRI initiative is a three-phased approach which starts with a six-month feasibility phase with an award of up to £100,000 and then moves on to more detailed product development and NHS validation, where companies can secure up to £2 million in funding support.
“The support we have received from SBRI and the West of England AHSN has been fantastic. We have been able to further the development around our handheld ECG monitory device which can be synced up to smartphones and PCs to help primary care and ambulance staff to identify arrhythmias,” said Steve Cliffe, Business Development Director, Plessey Semiconductors won the last SBRI competition earlier in the year
“We are really encouraging organisations to get involved as this is a fully-funded opportunity for businesses to access support to bring their innovative products and services to new markets,” said Dr Elizabeth Dymond, Deputy Director, Enterprise and Translation at West of England AHSN.
“We have partnered up with the West of England AHSN on this competition because we feel that this is a topic that businesses in our area could really contribute to, said Andy Burroughs Director of Wealth and Enterprise, Wessex AHSN.
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