HEALTHCARE & MEDICAL DEVICES

To encourage innovation, the federal and state governments have programs in place that help finance R&E. Explore eligible activities and expenditures for this industry below!

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The medical devices and laboratories industry is highly innovation-driven. This is due to both the complexity of the devices and strict regulations. Technological advancements in diagnostics kits, next generation sequencing and point of care testing result in improved accuracy and reduced waiting times. Additionally, emerging practices like telemedicine (or interactive medicine) and telehealth are becoming increasingly more efficient with advances in remote patient monitoring technologies. Contact a Funding Expert to learn how to get your grant application started!

ELIGIBLE ACTIVITIES & EXPENDITURES

Development of prototypes
Experimentation to improve efficiency, performance, or sustainability of a product or process
Conducting feasibility study of proposed product or process
Conducting tests for meeting regulatory requirements
Development of new devices
Improving current devices, components, or production processes
Development of new healthcare processes/procedures that improve safety or better meet regulatory requirements