A NEW £180 million grant scheme is now open for applications from small and medium sized enterprises and academics that can develop solutions to healthcare challenges.
The Biomedical Catalyst is a key element of the Strategy for Life Sciences launched by the Prime Minister in December last year.
It will see the Medical Research Council and the Technology Strategy Board working together to take the best British medical breakthroughs through to commercial success.
The Prime Minister, David Cameron, said: “The UK boasts a world-leading life sciences sector which is changing at an incredible pace. And I’m absolutely committed to helping it widen its significant foothold in the global market.
“Benefiting both patients and the British economy, this £180 million programme will support both SMEs and academics and help to ensure that they can turn their promising ideas into innovative technologies.”