Once again, HSC Innovations encourages members of staff in the HSC trusts to consider applying for the Wellcome Trust Translation Awards. Translation Awards are response-mode funding designed to bridge the funding gap in the commercialisation of new technologies in the biomedical area.
Projects covering any aspect of technology development from a range of disciplines – including physical, computational and life sciences – will be considered. Projects must address an unmet need in healthcare or in applied medical research, offer a potential new solution, and have a realistic expectation that the innovation will be developed further by the market.
Funding is offered for a range of expenses, the important criterion being to develop the innovation to the point at which it can be adopted by another party.
HSC Trusts are eligible to apply.
The application process is:
- Submit a preliminary application form by the published deadline.
- Preliminary applications are subject to a triage for shortlisting for the full application stage.
- Shortlisted applicants will be invited to submit a full application and will be subject to international peer review and due diligence. Applicants will be expected to make a presentation on their proposal to the Technology Transfer Challenge Committee.
The next deadline for applications is 22nd July 2011 at 1700 GMT.
Further information is available at: http://www.wellcome.ac.uk/Funding/Technology-transfer/Awards/Translation-Awards/index.htm. Alternatively contact HSC Innovations for advice.