Galway Bay FM
22 April 2021
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Galway Bay fm newsroom – â¬30m in funding has been announced for MedTech and Lifesciences projects based in Galway.
It’s part of a national allocation of â¬95m under the Government’s Disruptive Technologies Fund, which aims to support innovative projects that lead to high-quality jobs.
The largest allocation of â¬7m has been awarded to a project led by city-based Medtech Revelium – to support a regenerative treatment for knee osteoarthritis, using a hydrogel-based therapeutic.
Other allocations to projects based in Galway – involving multiple local and national medtech firms – cover a wide range of applications
They range from a project to offer fast, reliable drone delivery, to advanced heart valve replacements, and next-gen treatments for gastrointestinal and lung cancers.