The Biomedical Catalyst (BMC) provides grant funding to bioscience companies for the translation of innovative scientific ideas into products and therapies for patients. It is run by Innovate UK and the Medical Research Council with additional funding from Scottish Enterprise.
The BIA was instrumental in securing the launch of the BMC in 2011 and made its continuation a key campaign focus. The economic and scientific impacts of the scheme have been demonstrated in BIA analysis.
In 2016, the Government committed to funding the BMC until 2021. The consistent campaigning of the BIA and our members has ensured that this key source of early-stage funding for UK bioscience companies will continue to support the development of new life-changing medical treatments, diagnostics and devices, and underpin economic growth for the future.
For more information and to apply for the latest round of funding visit the Medical Research Council website.
"The BIA has been the driving force in making a compelling case for the interests of UK life science SMEs in Whitehall and Westminster. Your campaign to re-fund the Biomedical Catalyst, with tangible case studies of private sector investment crowded-in by the Catalyst, made a vital difference in ensuring the programme's continuation. As we set out the next stage of the Life Science Industrial Strategy we need the BIA's voice of the small and new companies."
George Freeman MP, Minister for Life Science 2014-16 and Chair of the Prime Minister's Policy Board