StockMarketWire.com - Deltex Medical Group has been awarded its first grant by Innovate UK, the UK's innovation agency, to support the funding of the company's research and development programme. The grant covers 35% of eligible costs on a defined project aimed at developing and commercialising an innovative approach to the non-invasive acquisition of haemodynamic data from patients.

The company estimates that the grant will be worth up to approximately £170,000 between June 2015 and planned completion of the project in the second half of 2016.

The grant has been awarded by Innovate UK, an executive non-departmental public body, sponsored by the UK Department for Business, Innovation & Skills responsible for providing new support for innovative small and medium-sized enterprises (SMEs) with high-growth potential.




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