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NEW: Funding Announcements for the Life Sciences

The TSB recently announced its latest activity for its Stratified Medicines Stratified Medicine funding call under SBRI – Diagnostics for Adverse or Non-Response. The government is inviting UK companies to apply for funding to develop tests that will identify patients at risk of either suffering an adverse response or not responding to specific therapies. Click here to read more


It was announced by the Welsh Government at BioWales last week that a new fund has been created - Life Sciences Wales Investment Fund will be a dedicated equity fund up to £100 million investing into life sciences businesses located in Wales.  Business minister Edwina Hart and biotech entrepreneur Sir Chris Evans outlined the plan at the BioWales conference in Cardiff. The Welsh Government is putting £25 Million into the fund immediately, to enable the Fund to make its first investments into businesses this year. Read more here

The Wellcome Trust has just launched a £200 million investment business for healthcare and life sciences to invest in biotechnology start-up companies in the UK and Europe. Currently operating as ‘Project Sigma’, the Trust announced the appointment of Nigel Keen as Chairman of Sigma and Martin Murphy as Chief Executive Officer. Read more here

In February at the Scottish Enterprise Life Sciences Awards dinner, it was also revealed by by Health Secretary Nicola Sturgeon that an Innovation Fund will invest £600,000 over the next three years to help support life sciences development in Scotland. Read more here

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