Any lateral flow assay development project requires a financial investment, and grant funding may be an appropriate solution.
Grant funding is available via a number of sources which differs from country to country. The UK government has published a list of potential grant funding sources online.
It is important to note that funding is not available for all development projects. Applications will be subject to certain eligibility criteria such as business type, size or if other funding is in place. In addition, some applications may require some additional investment from applicants. Ultimately funding is aimed at projects that will do one of the following:
Earlier this year, Abingdon Health along with University of Glasgow (UoG), was successfully awarded an Innovate UK grant to develop an on-farm multiplex rapid test for mastitis in cattle. The rapid test will stratify mastitis by bacterial class (gram-negative or gram-positive) to allow for fast on-farm decision making about antimicrobial treatment of cows with mastitis. In addition to this, it will also provide an opportunity to reduce antimicrobial use whilst safeguarding cow health.
The successful application was achieved by Abingdon Health and UoG demonstrating the lateral flow assay project had the right balance of expertise and the participants had a good understanding of the market. In addition, the product development plan highlighted a clear approach to delivering a test to market that would suit an unmet market need.
In a recent interview with Dr Lisa Mansell, our Business Development Manager and one of our experts in grant funding, Dr Mansell explained what is required for a successful grant application.
Additional advice on grant funding can be viewed on Innovate UK’s Blog.
Published 22nd August 2018
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