Advancing precision medicine: Round 2

Fund details

This is round 2 of a two-round competition:

Round 1: a focus on musculoskeletal and cardiovascular disease, and other chronic conditions excluding oncology (now closed)
Round 2: a focus on oncology, musculoskeletal and cardiovascular disease, and other chronic conditions (this round)

Your project must demonstrate how it addresses an unmet clinical need or responds to NHS demand signalling.

Your proposal can include:

• experimental evaluation, within a clinical environment
• prototyping
• product development planning
• intellectual property protection
• a demonstration of clinical utility and effectiveness
• regulatory planning

Innovate UK encourage proposals for common chronic condition areas particularly:

• oncology
• cardiovascular disease
• musculoskeletal conditions
• respiratory disease

Your project can focus on one or more of the following:

• integrating clinical data sets or multi-omic data sources
• development of artificial intelligence or machine learning algorithms and clinical decision-making tools to improve early detection, risk prediction, diagnosis, patient stratification, targeted treatments or prognostic
• outcomes
• identification of digital markers, potential targets or data-derived phenotypes to stratify patients to more effective therapies

The list is not intended to be exhaustive.

Innovate UK are not funding projects that are:

• digital technologies to improve healthcare system delivery
• approaches that do not specifically and directly aim to improve diagnostic precision or stratified treatment of a specified chronic health condition
  a development of broad-based diagnostics and therapeutics

Eligibility

Your project must:

• have total costs between £500,000 and £1 million
• start by 1 December 2023
• end by 30 November 2025
• last between 18 months and 24 months
• carry out all of its project work in the UK
• intend to exploit the results from or in the UK

Up to £20 million has been allocated to fund innovation projects in these competitions. Funding will be in the form of a grant.

Up to £10 million has been allocated to this round of the competition.

For industrial research projects, you could get funding for your eligible project costs of:

• up to 70% if you are a micro or small organisation
• up to 60% if you are a medium sized organisation
• up to 50% if you are a large organisation

For experimental development projects which are nearer to market, you could get funding for your eligible project costs of:

• up to 45% if you are a micro or small organisation
• up to 35% if you are a medium sized organisation
• up to 25% if you are a large organisation

Talk to us today if you would like to apply for this opportunity.