Innovate UK, The UK’s Innovation Agency are supporting us to develop the first Io-Cyte dressing to save health service costs and help patients to heal faster. Health services spend a massive amount of money and resource in caring for chronic wounds, recent studies in the UK showed that the NHS spends £ 5 bn on wound care and this is often not recognised. There are multiple reasons why wounds are slow to heal and Io-Cyte aims to improve results by attacking as many of the reasons for slow healing as possible in one dressing. Practitioners and patients need simple choices that health services can easily adopt and that is what we aim to deliver with this project.
The £ 218,000 SMART award funding will allow Io-Cyte to complete our development work and submit our first product for FDA registration. It will also help us to plan and prepare the first clinical study on the Io-Cyte dressing.
Innovate UK drives productivity and economic growth by supporting businesses to develop and realise the potential of new ideas. They connect businesses to the partners, customers and investors that can help them turn ideas into commercially successful products and services and business growth. Innovate UK is part of UK Research and Innovation. For more information visit www.innovateuk.ukri.org