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New funding to support Cutting-edge Technology announced by the Chancellor Philip Hammond

Philip Hammond has unveiled a package ( on October 1, 2016)  of support which includes £220 million for the life science and university sectors to help technology breakthroughs translate into commercial success, as well as action to ensure disruptive businesses thrive in the UK.  October 1, 2016 © UK Gov

The package includes:

• £100 million of funding to extend and enhance the Biomedical Catalyst, supporting innovative UK life science companies to translate cutting-edge medical technologies into commercial success
• £120 million to incentivise university collaboration in tech transfer and in engaging with business, helping transform research at universities and institutions into viable business ventures
• expanding the successful Challenger Business Programmes to address regulations that pose the largest barriers to the adoption of disruptive technologies  October 1, 2016 © UK Gov    Continue to read the announcement 

Additional: Further certainty on EU funding for hundreds of British projects

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