ISO 9001 & UKAS Registered, Electron Beam Services in the United Kingdom ISO 9001 & UKAS Registered, Electron Beam Services in the United Kingdom

06/02/19
There could be advancement in medical technology companies in the East Midlands, after it was revealed they are eligible to apply for some finance towards their clinical evaluation costs.

Medilink East Midlands is offering Medical Technology Trial (MTT) grants to businesses in Nottinghamshire and Derbyshire that have to test their products or services in a clinical setting, reported Medical Plastics News.

These will be delivered by the Inspiring Networking To Stimulate Technology Innovation in Life Sciences (INSTILS) project, which is part funded by the European Regional Development Fund (ERDF). This offers free support to life science companies in the East Midlands.

The East Midlands Academic Health Science Network (EMAHSN) is also helping to finance the initiative, while The University of Nottingham and Nottingham University Hospitals NHS Trust are helping to deliver the project too.

Chief executive of Medilink East Midlands Darren Clark stated gathering evidence is “paramount” for medical technology businesses that want to sell their products and services to the healthcare industry.

“By making this support available, we’re helping companies to overcome obstacles on the road to getting their products and services out to as wide a market as possible,” Mr Clark said.

Businesses in the region that initiate within the INSTILS programme will be offered help and advice from life science specialists, the NHS, and universities. They will also receive finance for clinical evaluations, as well as money towards developments and networking events to help get their products on to the market.

It is important medical technology is given the investment it needs to continue to develop, as it offers many benefits to patients. These include virtual appointments, machines that provide analysis to help specialists understand medical problems, and better sharing of patient records among healthcare professionals.

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