13 February 2017
Health Enterprise East are pleased to announce details of the Medtech Accelerator, a new proof of concept financial awards scheme to progress medical technology and software innovations developed primarily from within the NHS.
With awards on offer between £15K and £125K, this new joint venture brings together the NHS, local authority and local business. The Medtech Accelerator will support and finance development projects at an early stage in order to maximise the potential for success in bringing new life enhancing technologies to patients.
Awards are available to NHS organisations with a total of £1.5 million on offer for innovations that show the greatest promise, with the potential to create future spin-out companies. Awards are aimed at supporting proof of concept work which typically includes market research, product and market validation, prototype development and testing, and IP protection.
Led by Health Enterprise East (HEE), a leading NHS innovation hub, the initiative includes New Anglia Capital Ltd, a subsidiary of New Anglia Local Enterprise Partnerships (LEP), Greater Cambridge & Greater Peterborough (GCGP) LEP, and the Eastern AHSN. LEPs and Eastern AHSN have each invested £500K and will have access to HEE’s expertise in proof of concept and technology transfer and to its existing pipeline of NHS technologies through its membership base, including internationally renowned centres of healthcare research and innovation.
For more information please visit the Medtech Accelerator website.