Derry City Council will launch a new programme next week offering support up to the value of £10,000 for innovative projects in the Healthcare or Life Sciences Sector.
The programme will be launched during Derry City Council’s annual business showcase event, Enterprise Week 2015.
The Clinical Translational Entrepreneurship and Innovation Programme (CTEIP) offers consultancy and mentoring support to participants in the Derry and Strabane Council areas, and will launch next Friday at 9.15am, February 27, at a special event taking place on the North West Science Park.
It’s just one of a number of exciting funding and support opportunities up for grabs throughout the week long programme which runs from February 23-27, organised by Derry City Council’s Business Opportunities Programme.
Professor Paul McCarron, Head of the School of Pharmacy and Pharmaceutical Sciences at the University of Ulster, will speak at the launch, giving an insight into his own experience developing groundbreaking pharmaceutical products and building a biotech company.
Prof McCarron has developed and trialed an innovative putty-type material for delivering anesthesia to acute lacerations in the Emergency Department. He is currently a founder and company director of two spin-out pharmaceutical companies who are both raising seed capital funding to develop innovative topical dosages forms.
Speaking ahead of the event Dr McCarron said: “I am delighted that Derry City Council is making this funding available to research and develop new clinical products. Developing and trialing new medical products is a costly process, so any support in progressing ideas to the next level is to be welcomed.
“I would encourage anyone with an innovative product idea or research area with the potential to improve service delivery and with commercial potential, to come along and find out more about how they can access this support.”
The funding is open to businesses or entrepreneurs with an idea that is at an early stage or post-research and the programme will support the provision of mentoring and guidance towards developing that business idea.
Investment and Enterprise Development Officer with Derry City Council Aeidin McCarter said: “This is an exciting opportunity for anyone with clinical or medical skills or experience to take a new concept and develop it into a viable commercial enterprise opportunity with support and guidance through the CTEIP.
“This can be through the development of new technology tools, groundbreaking new drugs or enhanced service provision - any idea which will make a difference to health care provision. Anyone with an original concept or early stage company should come along on the day to find out more.”