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UK Bioscience Gets $62M to Bridge Valley of Death

By Cormac Sheridan
Staff Writer

Monday, November 5, 2012
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Twenty-two UK life sciences companies and a further 10 academic groups will share £39 million (US$62.3 million) in research funding in the largest grant allocation that the Biomedical Catalyst scheme has made to date.

The initiative, which will provide £180 million to accelerate UK life sciences projects over three years, is administered jointly by the Technology Strategy Board (TSB), the UK's innovation agency, and the Medical Research Council.

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