INSTILS is a project, part-funded by the European Regional Development Fund (ERDF) and delivered by Medilink East Midlands in partnership with the East Midlands Academic Health Science Network, The University of Nottingham and Nottingham University Hospitals NHS Trust. The programme offers support to small and medium sized businesses (SMEs) to innovate products, services and processes.
The aims of the project are focused on improving the economic performance of the Life Sciences sector within the locality of D2N2 (Derby, Derbyshire, Nottingham, Nottinghamshire) Local Enterprise Partnership area by enabling SMEs to increase their competitive advantage through innovation and stimulating interaction between business, research entities and the NHS.
This is done by providing a mixture of access to high value cutting edge Life Science sector specific expertise; cross-sectoral expertise from universities; grant funding; and networking opportunities. The total cost of the project is £7,393,742 of which £3,696,871 is from ERDF.
This support will enable established SMEs to flourish and grow by introducing new products and services that benefit from: innovations, identified clinical needs and incorporation or utilisation of cutting-edge technologies. New jobs will be created and new businesses will be established. The project’s ultimate success will be measured by the degree to which innovation is embedded in business.
Find out more about INSTILS by visiting their website and through this video:
Article uploaded 23/1/20
This project is part-funded by the European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020 in England.