Support for commercialising medical
innovations
Financial support is available to fund the development of
concepts for medical innovations which have the potential for
commercialisation within the member institutions of King's Health
Partners and London South Bank University. The Guy's and St Thomas'
Charity Innovation Fund for Technology Transfer (GiFTT) provides
funding of up to £50,000 (and in exceptional cases, more) as well
as access to advice on intellectual property, developing a
prototype and seeking a commercial partner.
GiFTT fits with the Charity's commitment to support innovations
in health locally which may have a benefit to the wider health
service, whilst providing a return on investment for both the
Charity and the host organisation. All proceeds are administered by
GSTC Health Innovations Ltd, a wholly owned subsidiary of the
Charity.
Potential candidates for investment must be able to
demonstrate:
- That the potential device or product is the first of its kind
on the market
- The potential to generate new intellectual property (IP) or
have existing IP protection
- Commercial potential demonstrated by evidence of clinical
need
- Potential to generate a return on investment
- Any innovation must ultimately have the potential to be
translated into clinical practice at some point in the future
GiFTT support may be available for a variety of concepts ranging
from new diagnostic biomarkers to imaging technologies - you can
access a list of categories here.
The
Terms and Conditions of investment can be downloaded
here.