Winner H2020 SME Instrument Award: ProAxsis Ltd

Martin, Lorraine (Recipient)

School of Pharmacy

Prize: Other distinction

Awarded date	18 Sep 2014
Granting Organisations	EC-Horizon 2020

Keywords

Horizon 2020
SME
ProAxsis Ltd

Documents & Links

ProAxsis is the first company in Northern Ireland to win a SME Instrument award from Horizon 2020. ProAxsis, a recent spin-out of the School of Pharmacy, Queen’s University Belfast and founded by Dr Lorraine Martin and Professor Brian Walker, is developing tests to assist the routine monitoring of patients with chronic diseases. With a budget of €80bn (£64bn) over seven years, Horizon 2020 is the biggest ever EU Research and Innovation programme and from this, £2.3bn has been set aside over 7 years to support SMEs, offering grants for business innovation studies and demonstration projects. ProAxsis is one of 155 small and medium-sized enterprises over 21 countries to have competed successfully for €50,000 (£40,000) to finance feasibility studies for their projects and benefit from up to three days business coaching. ProAxsis competed against 2662 proposals from across Europe. The success rate for the UK was 11%.
The European Commission has today published a list of the 155 small and medium-sized enterprises (SMEs) that will be first to benefit from its new €3 billion SME Instrument. 155 SMEs from 21 countries will each receive €50,000 to finance feasibility studies for their projects, and they can also benefit from up to three days of business coaching. After that, their projects may be considered for further financial support from the Commission worth up to €2.5 million.

Related content

Activities
ProAxsis Ltd. - The Journey from Proof of Concept to Successful Biotech Spin-Out
Activity: Talk or presentation types › Invited talk

Research output
DEVELOPMENT OF A PROTEASETAG® LATERAL FLOW DEVICE FOR DETECTION OF ACTIVE NEUTROPHIL ELASTASE IN THE CLINIC
Research output: Contribution to journal › Meeting abstract › peer-review

Prizes
ProAxsis Ltd. - Innovative Business of the Year 2018
Prize: Prize (including medals and awards)