Â£1m for medical tech companies
A £1m fund has been unveiled to support the development of Welsh companies in the medical technology sector.
Innovate UK, formerly known as the Technology Strategy Board (TSB), will open the Launchpad competition tomorrow (15 October 2014) at an event at Life Sciences Hub Wales.
The fund is aimed at small and micro companies located along the M4 corridor and will stimulate the development of healthcare products and solutions.
Economy minister Edwina Hart said: "Launchpads offer a great opportunity for companies to accelerate innovation and product development.
"This is the first Launchpad announced for Wales and is recognition of the strong and dynamic cluster of med-tech companies we have in Wales. I welcome the news and the opportunities it can present to small and micro businesses."