The Medtech Accelerator has been set up to facilitate the early stage development of innovations in the broad area of medical technology (devices, diagnostics, software and eHealth) that meet unmet clinical needs within the NHS.
Led by HEE as a joint venture with New Anglia Local Enterprise Partnerships (LEP), Cambridgeshire & Peterborough Combined Authority, Essex County Council and the Eastern AHSN, the Medtech Accelerator supports and finances projects at an early stage in order to maximise the potential for success in bringing new life enhancing technologies to patients. A total of £2 million is available with individual awards to be made of between £15,000 and £125,000 to innovation projects that show the potential to create future spin-out companies primarily out of NHS organisations. Awards are aimed at supporting proof of concept work which might include IP protection, market analysis, prototype development and testing, clinical evaluation, regulatory support and pilot product production.
- NVM Private Equity (“NVM”) has invested £1.0 million of growth capital into Cambridge-based medical device company Ablatus Therapeutics (“Ablatus”) alongside existing angel investors and the Medtech Accelerator.Read more »
Medtech Accelerator Submission and Award Process
Delivering innovative technology to patients..
The Medtech Accelerator has a clear and simple application process to provide its proof of concept awards.
Apply for an Award
The Medtech Accelerator welcomes applications Primarily from individuals or teams within eligible NHS organisations. It has an open call and applications can be submitted at any time. The Medtech Accelerator Awards Committee meet on a quarterly basis to review applications and decide on awards to be made.
Innovation Showcase – Supported Projects
Inventor: Professor Iain McNamara
Organisation: Norfolk and Norwich University Hospitals NHS Foundation Trust (in collaboration with University of East Anglia, Quadram Institute (formerly the Institute of Food Research) and ANGLIAN AGRI-TECH VENTURES
Inventor: Mr Andrew Hindmarsh
Organisation: Cambridge University Hospitals NHS Foundation Trust