Innovate UK Grant Award

Conditional award to fund development of virtual reality aid for ultrasound-guided needling MedaPhor Group plc (AIM: MED), the intelligent ultrasound software and simulation company, announces that it had been awarded a conditional grant offer from Innovate UK to fund the development of a new augmented reality imaging device to improve ultrasound-guided needling. The grant of £464,000, which is conditional on a financial review by Innovate UK, was awarded as part of Innovate UK’s Digital Health Technology Catalyst competition. The grant will part-fund the development of MedaPhor’s NeedleGuideTM product, which the Company believes has the potential to revolutionise interventional ultrasound-guided needling. [...]