Grants up to £100,000 available for innovation

Cov city

If you are a small or medium sized business in the Coventry and Warwickshire region and are interested in funding to support the development of innovative products or services that will be new to the market, the Coventry and Warwickshire Innovation Programme is for you…

BHR Pharmaceuticals are taking forward the development of a piece of technology known as FREMS for the management and treatment of diabetic wounds and peripheral neuropathies. The grant support they have received has meant that they can use specialist NHS staff to undertake pilot clinical trials at the George Eliot Hospital in Nuneaton in order to generate evidence to push for further multi centre trials across the NHS and ultimately see the technology be adopted for treating diabetic neuropathies.

BHR Pharmaceuticals Ltd recently received a £33,000 grant from the Coventry & Warwickshire Innovation Programme to develop their new diabetes treatment.

Bharat Vadukul, Director, BHR said: “The main treatments for painful diabetic neuropathy remain management of the underlying diabetes and drugs for the relief of pain. Despite the significant individual and social burden associated with diabetic neuropathy, its treatment remains unsatisfactory. However, there are currently no FDA-approved therapies for diabetic neuropathy, so our aim is to work to that and provide a treatment that is clinically proved and works.”

BHR Pharmaceuticals are taking forward the development of a piece of technology known as FREMS for the management and treatment of diabetic wounds and peripheral neuropathies. The grant support they have received has meant that they can use specialist NHS staff to undertake pilot clinical trials at the George Eliot Hospital in Nuneaton in order to generate evidence to push for further multi centre trials across the NHS and ultimately see the technology be adopted for treating diabetic neuropathies.

European Union European Regional Development Fund With over £670,000 of grant offered so far to 20 businesses across the region through the European Regional Development Fund, SMEs are seizing this fantastic opportunity to innovate.

With innovation now at the forefront of business success, the support offered is in high demand as the programme approaches its final year. Grants are being offered by

Coventry City Council and Warwickshire County Council, covering both capital and revenue costs. Coventry University Enterprises are also providing specific support in the form of workshops covering routes to market, user testing and business planning.

The Coventry & Warwickshire Innovation Programme runs until December 2018 but is expected to be allocated by May 2018, so SMEs are encouraged to get their proposals in without delay.

If you are interested in applying, please contact us at innovation@coventry.gov.uk or call 024 7683 1833 quoting reference BUSINESSMAG