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ARM Innovation Hub
26 July, 2012 - 10:49 By News Desk

Wellcome Trust revamps key research fund

Wellcome Trust HQ in London. Courtesy Wellcome Library.

Academic groups, technology companies and not-for-profit organisations in Cambridge UK have the chance of applying for new funding in a revised initiative from The Wellcome Trust.

The Trust says its Translation Awards and Strategic Translation Awards are merging to create a new Translation Fund.

Under the new venture, Wellcome – a massive supporter of translational research – will consolidate the budget allocation for Translation Awards and Strategic Translation Awards, announce areas of translational R & D it would like to highlight for particular attention, and simplify the application process, while extending eligibility.

The new fund will be open to academic groups, companies and not-for-profit organisations worldwide. All approaches for funding will be managed in the same way, irrespective of the type of organisation or geographic location, it says.

Prospective applicants will be encouraged to discuss the suitability of their product development concept with a member of the technology transfer team. Suitable proposals will be taken forward for review by the funding committee as preliminary applications and, if successful, as full applications.

The final deadline for the Translation Awards will be extended to August 27 and the new scheme is set to launch in September. The first strategic highlight will also be announced in September.

The Translation Fund complements the Trust's existing portfolio of translational research schemes – Seeding Drug Discovery, the Health Innovation Challenge Fund, the Pathfinders Awards and the R & D for Affordable Healthcare in India initiative.

• PHOTOGRAPH SHOWS: Wellcome Trust HQ in London. Courtesy Wellcome Library.

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