News & Stories

Funding competition SME support to evaluate innovative medical technologies: Round 4


The Office for Life Sciences (OLS) will work with Innovate UK, as part of UK Research and Innovation, to invest up to £1.5 million in innovation projects. These will support developers of innovative medical devices, diagnostics and regulated digital technology to evaluate their product in a real world clinical setting.

All projects must be led by a UK based SME. You can choose from 2 options:

  1. Planning and preparation for a study, for which total eligible project costs can be up to £50,000.
  2. A study to collect clinical performance and cost-effectiveness data, for which total project costs can be up to £250,000.


Applications for funding to cover the costs of material or capital usage will not be eligible. Leave these sections blank in your application.


This competition provides support for micro, small or medium sized enterprises (SMEs) to develop an evidence base for products that address NHS priorities. Our support will allow companies to collect and analyse clinical performance and cost effectiveness data in an NHS setting.


You can work alone or collaborate with others as non grant claiming partners or sub-contractors. Only the lead partner will be eligible to claim grant funding.


Applications are highly encouraged from SMEs from across all regions of England, Scotland, Wales, and Northern Ireland.


For further information, scope, eligibility, dates and information on how to apply please click here