Top 3 Grant Funding Sources for Small and Medium-Sized Biomedical Enterprises in Europe

Grant Funding Sources for SMEs Small and medium-sized enterprises (SMEs) represent 99% of all businesses in the EU and their dynamism  is a key element of a successful economy. However, one of the most important issues facing biomedical SMEs is their difficulty accessing finance for research and innovation activities. Loans and grants are the two most common ways to obtain funding. The main difference between a grant and a loan is repayment. A loan requires you to repay the money you borrow, whereas a grant does not. Grants are, essentially, a gift. In other words, they are non-repayable and may be awarded by government departments, trusts, corporations, or philanthropists and given to individuals, businesses, educational institutions, or non-profits. Loans are generally given by banks to both individuals and businesses, but private lenders or individuals may also offer loans. The Advantages of a Grant Grants offer a number of benefits: No repayment necessary: Repayment is the fundamental difference between a grant and a loan, and also what makes grants more valuable than loans. No risk: Grants are a no-risk way to obtain the financing. If a loan is not repaid, the credit rating and assets will be put in jeopardy. Non-diluting: similar to loans, grants are non-dilutive and not require the sale of the company’s voting equity. They allows founding teams and existing shareholders to retain company ownership and control. Medical Grants Pervushina & Partners works to improve the granr funding environment for small businesses in Europe and developed new information services that is able to generate individual grants listing using pooled 10 biggest international funding databases. According to the statistical evaluation of 38 european SMEs we could identify in 2018 following top 3 sources for successful grant funding: Interactive Graphic   TOP 3 Philanthropic and industrial Grant Funding Sources Donations from philanthropists and private foundations as well as non-diluting industrial donations are increasingly finding their way into biomedical research. TOP 2 Public non-governmental Fundings made by non-profits and patient advocacy groups. Top 1 Public intergovernmental or governmental Intergovernmental (e.g. funding Programmes of the European Commission) and national governmental funding are still the most important sources of the public reserch and innovation grants.  

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Radiology beyond the machine | Healthcare IT News

Artificial intelligence (AI) is increasingly permeating medical imaging, but its integration into clinical practice will depend on the capacity of AI technology to facilitate workflow. How far has radiology advanced on this path? Insights asked a leading expert to find out. — Read on www.healthcareitnews.com/news/radiology-beyond-machine

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EHFG and EIT Health Hackathon Prize

 Hackathon is a new way of outcomes-oriented working of health innovators and aims for an acquisition of knowledge, which is expected to bring forward new ideas.  During Hackathon 2018 of the European Health Forum Gastein (EHFG) on October 2-5 2018 in Bad Gastein (Austria) 35 participants from different backgrounds from 18 countries from all over Europe worked in 7 teams on an innovative solution to a well-defined problem: “How to prevent injuries/death caused by alcohol misuse in the young population?” within 36 hours. The Hackathon organizers were the European Health Forum Gastein and European Institute of Innovation & Technology for healthcare sector (EIT Health), they also covered travel and subsistence costs for the participants. At the time of Hackathon EHFG has been also hosting a forum of high-ranking politicians and representatives of European regions and World Health Organization “Bold political choices for Agenda 2030”. Participants of the forum ware involved into the Hackathon activities and could contribute to the evaluation of the developed innovative projects. The two winning teams received jury and audience prizes of 25.000€ in total value, and an additional boot camp participation. We were very happy to get the audience prize for our solution.   Read on: https://www.ehfg.org/projects-events/ehfg-2018-hackathon/ and https://www.flickr.com/photos/ehfg/collections/72157702008446105/      

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