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UK launches Innovation Fund, sure of £1bn boost for SMEs

This article was originally published in Clinica

Executive Summary

The UK's life sciences industry has wholeheartedly welcomed the government's go-ahead for the creation of a UK Innovation Fund (UKIF) which is expected to provide more than £1bn ($1.66bn) in early-stage funding to support development of new technologies over the next 10 years. The UKIF is targeted at four sectors – life sciences, clean technology, advanced manufacturing and the "digital Britain" programme.

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