Transdermal Diagnostics initiates a £90,000 project with a significant contribution from the Business Innovation Fund
February 2023, Bristol UK. Transdermal Diagnostics has been awarded £36,000 from the Business Innovation Fund programme of the West of England Combined Authority as part of a new project (total value more than £90,000) to work with commercial partners on the productization of its proprietary technology platform in the MedTech sector.
Transdermal Diagnostics is pioneering the development of a wearable device to enhance the prevention, diagnosis, and management of chronic conditions, with diabetes as its initial target. The technology guarantees non-invasive and real-time monitoring of health biomarkers including, of course, glucose. The wearable platform will enable biological insights to empower users to make lifestyle adjustments, to optimise and complement therapeutic interventions and to significantly improve quality of life.
Transdermal Diagnostics’ device comprises a disposable adhesive skin patch connected to reusable electronics. The device communicates wirelessly to a mobile phone via dedicated software for signal processing and readout to the user.
The project will follow a development methodology and stage-gate strategy to progress the product design in close collaboration with electronic hardware and sensor sub-contractors. The goal is to ensure integration and functionality of a device that is comfortable, suitably sized and acceptable for the intended user and market.
The procurement of services to develop the company’s product is currently open and we are now seeking to identify subcontractors to undertake the following tasks: (a) identification of user requirements and product specification; (b) concept development; (c) prototyping; (d) generation of data for the product technical file. A further key objective is to create a regulatory-approvable product that can be manufactured in high volume using appropriate and sustainable materials at the right cost.
The Business Innovation Fund supports businesses from a wide range of sectors to help develop innovative products, processes and services that not only fulfil market demand, but also deliver industrial growth.
Dr Luca Lipani, Transdermal Diagnostics CEO, comments: “This is a transformative opportunity. The Business Innovation Fund award initiates the realisation of TD's first product that has the potential, we believe, to improve the health and well-being of millions of people worldwide.”
To find out more and register your interest, please email us at enquiries@transdermal-diagnostics.com Transdermal Diagnostics will consider bid proposals submitted before February 16, 2023, 5 PM GMT.
The project is funded by the European Regional Development Fund and managed by the West of England Combined Authority.
About Transdermal Diagnostics
Transdermal Diagnostics is an award-winning MedTech start-up helping people manage their health and medical conditions.
West of England Business Innovation Fund
The West of England Business Innovation Fund is a three-year project, managed by the West of England Combined Authority, that will lead to over £3m investment in supporting SMEs to undertake research and development activities. The project promotes the West of England as a champion of innovation and highlights the importance of innovation in a post Covid-19 economic recovery, including its contribution to clean and inclusive growth.
European Regional Development Fund
The Business Innovation Fund is receiving up to £1,451,825 of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. The Department for Levelling Up, Housing & Communities (formerly MHCLG) (and in London the intermediate body Greater London Authority) is the Managing Authority for European Regional Development Fund. Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regenerations.
For more information visit https://www.gov.uk/european-growth-funding.
