To date, we have awarded funding for 13 Proof of Concept projects and there are currently no plans for additional calls in 2020 to be announced.
However, if you are an academic or researcher at one of the Grow MedTech partner universities or could benefit from collaborating with one, then our team may still be able to support the development of your medtech by sourcing external funding. Contact a member of our Technology Innovation Management team to discuss your technology opportunity.
You can read more about the types of projects that we’ve supported with Proof of Concept funding by downloading our 2019 Annual Report.
About this past funding opportunity
Proof of Concept was intended for projects to demonstrate full technical and commercial feasibility through co-development with end users, with outcomes of technical prototypes demonstrating proof of commercial concept that are supported by a clear evidence base which provides greater confidence for external investment (post-TRL 5).
Funding was via a two stage process. This call sought high quality well defined proposals that required demonstration of proof of concept with the aim of developing a commercially viable product.
Proposals demonstrating positive industry support or collaboration with well-defined clinical needs and clinical engagement were strongly encouraged.
Proof of Concept awards costed up to £80,000 with a project duration of up to 12 months which fit with the award scope.
Applications followed a three-stage process:
- Stage 1: Submission of expression of interest (EOI)
- Stage 2: Grow MedTech Proof of Concept full application co-development phase
- Stage 3: Full proposal review and approval
If you’d like to be involved in Grow MedTech, get in touch on our contact page. There’s space for you to send us a query if you have one and we’ll aim to respond as quickly as possible. You can also use the form simply to sign up to our mailing list, to receive information on our funding calls, projects, events and news.