Further funding for medical technology trials in Nottinghamshire and Derbyshire

25 January 2019

Medical technology companies in Nottinghamshire and Derbyshire can apply to cover 50% of their clinical evaluation costs, thanks to a project delivered by Medilink East Midlands and part-funded by the European Regional Development Fund (ERDF) and the East Midlands Academic Health Science Network (EMAHSN).

Medical Technology Trial (MTT) grants are available to qualifying companies who need to test and evaluate their products and services in a clinical setting. This ensures that they are working as intended, are effective and are safe for use. The gathering of this evidence is vital for companies wanting to sell their products and services to the healthcare market – including the NHS.

These grants are delivered as part of the Inspiring Networking to Stimulate Technology Innovation in Life Sciences (INSTILS) project, a £7.39 million scheme part-funded by ERDF. INSTILS provides free and impartial support and advice to Derbyshire and Nottinghamshire companies working in, or looking to work in, life sciences; to innovate and create new products and services. The East Midlands Academic Health Science Network (EMAHSN) is one of the project delivery partners and are also part funding the project. The other delivery partners are The University of Nottingham and Nottingham University Hospitals NHS Trust.

In addition to INSTILS support, companies who access this grant scheme receive support from the EMAHSN to help get their products and services NHS-ready. This includes one-to-one support during the trials, access to specialist events, support with product development, opportunities to meet with clinical experts, regular opportunities to showcase their products with NHS decision-makers and influencers and one-to-one discussions on completion of their evaluation.

INSTILS is set to run until September 2021. Nottinghamshire and Derbyshire companies who sign up to the INSTILS programme receive wide-ranging business support. This includes help and advice from life science sector specialists, life science companies, the NHS and universities, as well as grants for clinical evaluations, innovation development and specialist networking events.

One company which has already benefitted from an INSTILS grant is Sanandco Ltd. to evaluate its primary product, the MonitorMe (pictured). This is a clinical device and a telephone, which is equipped with sensors to monitor the patient’s vital signs including temperature, heart rate and pulse transit time, which is a proxy for blood pressure. This updates the patient’s digital health record together with a symptoms-based questionnaire and is particularly useful for community nurses and doctors, who can remotely monitor patients who have long term health conditions.

An MTT grant, provided as part of the INSTILS programme, has enabled Sanandco to approach the Lincoln NHS Trust and Lincoln University and the company is currently working through a clinical trial with a small group of patients. At present, these trials are ongoing, but once they have been completed, Sanandco hopes to be able to prove the benefit of MonitorMe to the wider market.

Darren Clark, Chief Executive of Medilink East Midlands, said: “For medical technology companies who want to sell to the healthcare market, the gathering of an evidence base is paramount. 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. We are extremely pleased to be working with the EMAHSN to offer companies and entrepreneurs the sector-specific knowledge and support they need through this programme.”

Mike Hannay, Managing Director of EMAHSN, added: “Companies like Sanandco are a perfect example of what we want to achieve through providing these grants. We worked with them to identify providers who could help to undertake the necessary research needed to produce the proof of concept data and bring the MonitorMe to market and I look forward to working with similar companies over the course of this project.”

For further information on the INSTILS project and to find out more about the support on offer, visit https://www.medilinkem.com/projects/instils-derby-notts/

ENDS

For further information about this media release contact Medilink East Midlands Project Leader Marketing Sam Burbage, on 0115 822 3154 or by email at sam@medilinkem.com

Notes to Editors

About Medilink East Midlands

Medilink East Midlands is the region’s life science industry association, whose aim is to help companies establish, develop and grow. Its network of more than 4,400 contacts in over 1000 organisations represents all aspects of the sector, including private and public institutions; from multinationals to high potential start-ups, as well as the NHS and universities.

Medilink East Midlands is a founding member of Medilink UK; a national network supporting over 3,000 companies across the entire UK. Medilink provides specialist support to boost the region’s economic output from life sciences by overcoming barriers to growth. Medilink’s highly knowledgeable team is a proven and trusted source of expert assistance. For more information see website www.medilinkem.com

About The East Midlands Academic Health Science Network

The East Midlands Academic Health Science Network (EMAHSN) is one of 15 Academic Health Science Networks in England. EMAHSN brings together the NHS, universities, industry and social care to transform the health of the region’s 4.6M residents and stimulate wealth. Current priorities focus on identifying and spreading innovations that address challenges including cancer, obesity, diabetes, mental health, respiratory disease, liver disease and support for frail older people.
www.emahsn.org.uk

INSTILS

About INSTILS: Inspiring Networking to Stimulate Technology Innovation in Life Sciences

INSTILS is an initiative, which is part-financed by the European Regional Development Fund (ERDF) and delivered by Medilink East Midlands. The key aims of INSTILS are to deliver high quality innovation support, work alongside emerging Life Science technologies, enable transfer of technologies between sectors and increase Research & Development investment. The total cost of the project is £7,393,742, of which £3,696,871 is ERDF value.

About the European Regional Development Fund (INSTILS)

The project is receiving up to £3,696,871 of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. The Department for Communities and Local Government (and in London the intermediate body Greater London Authority) is the Managing Authority for European Regional Development Fund. Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, companies, create jobs and local community regenerations. For more information visit https://www.gov.uk/european-growth-funding.
 

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