Help offered for medtech SMEs to enter multi-million-euro
12 November 2014
Product development contractor Pera Technology is searching for
10 small and medium sized medical technology firms who are seeking
finance to develop new product and process ideas.
Companies can enter the second round of a multi-million-pound
innovation competition, ahead of its deadline next month.
In particular, Pera Technology is keen to hear from both SME
manufacturers of medical devices and those with a focus on the
clinical validation of biomarkers.
The chosen businesses will receive a fully-funded application to
the European Commission’s Horizon 2020 science and innovation fund.
The fund, launched earlier this year, provides grants of between
£40,000 and £5m (€50k and €6.3m), to turn new product ideas into
Pera Technology’s Head of UK Business Development, Marc Greatrex,
said: “We’ve seen a huge response to the first round of the
competition. There are a number of innovative new product ideas that
we are now progressing to the next stage. By extending the
competition we’re aiming to help even more businesses increase
product portfolios and generate new revenue.”
All of the submissions will be assessed on a range of criteria
including feasibility, commercial potential and originality. For
those businesses that aren’t successful Pera Technology will provide
detailed feedback on how best to take their new innovation to the
How to enter
To enter the competition businesses simply need to provide
details of their new product idea on Pera Technology’s Horizon 2020
The deadline for entries is Friday 21st November.
Entrants will also be provided with a Non-Disclosure Agreement in
order to protect their intellectual property.