Media alert - £6 million to be invested in further regenerative medicine research and development

09 Feb 2010

The Technology Strategy Board is to invest a further £6m in regenerative medicine research and development and has invited British companies to bid for funding through two new competitions.

As part of a £21.5m programme in regenerative medicine, the Board is to invest up to £4m in commercial research and development projects in regenerative medicine therapeutics. A second competition will see investment of up to £2m in feasibility projects in regenerative medicine tools and technologies. Both competitions open on 8 March 2010.

The aim of the Developing Therapeutics competition is to enable UK businesses to carry out preclinical and clinical development of regenerative medicine therapeutic products. The competition will enable consortia to accelerate product development to take advantage of future market or funding opportunities.

Meanwhile, the aim of the Tools and Technologies Feasibility Studies competition is to enable UK businesses to address challenges currently being faced by developers of regenerative medicine therapeutics through the development of platform technologies. Particular challenges to be addressed through the competition include the ability to assess the safety and/or efficacy of therapeutic products and being able to develop reproducible and robust manufacturing processes.

The Technology Strategy Board launched its £21.5m programme of competitions in the area of regenerative medicine in September 2009. It is supported by the Medical Research Council (MRC), the Biotechnology and Biological Sciences Research Council (BBSRC) and the Engineering and Physical Sciences Research Council (EPSRC). In January the Board announced its first investments through the programme, with 30 feasibility studies receiving £2.8m of funding while two major collaborative research and development projects received a further £1.7m. (Ends)

Issued by
Nick Sheppard, Media Relations Consultant
Technology Strategy Board
Mobile : 07824 599644
Email: nick.sheppard@tsb.gov.uk

Additional contact
Claire Cunningham, Media Relations Manager
Technology Strategy Board
Tel: 01793 442901
Mobile: 07554 115745
Email: claire.cunningham@tsb.gov.uk

For full media alert, including notes to editors please follow this link

 

Last updated on Tuesday 13 July 2010 at 14:54

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