Welsh Government

Innovate UK to invest up to £1 million to establish new Knowledge Transfer Partnerships in stratified medicine

12 May 2015

Innovate UK is to invest up to £1 million to establish new Knowledge Transfer Partnerships (KTPs) in developing modelling approaches to support the use of stratified medicine in the UK, across bioinformatics, systems biology, health economics and analytical algorithms.

They are seeking proposals to develop new modelling systems that: 

  • integrate healthcare and science data to better predict if a new product is likely to have an effect and improve patient outcomes
  • provide new multi-parameter algorithms that can be commercialised to diagnose treatments
  • provide health economic models for innovative products that will create new clinical care pathways

This targeted competition for KTPs aims to help businesses achieve access to modelling expertise that will allow development of new diagnostic approaches and improve the earlier evaluation of diagnostic products. 

It is part of the Stratified Medicine Innovation Platform that is currently funding a £50 million programme of research and development over 5 years. 

Innovate UK funds part of the cost of running the KTP project, with the level of grant depending on the size of the company. Project costs vary, with the average being about £60,000 a year, of which a small or medium-sized enterprise (SME) might contribute about one-third, but this depends on the individual project.

For more information visit the Innovate UK website (external link).