The ibs.GRANADA launches a financing program for innovative projects in biomedicine

Innbio-Advance was created with funding from the Caja Granada Foundation and the Caja Rural Foundation to support projects that develop new products, services and procedures that improve the prevention, diagnosis and treatment of diseases.

The Foundation for Biosanitary Research of Eastern Andalusia (FIBAO), which is part of the Network of Research Management Foundations of the Andalusian Public Health System, together with the Caja Granada Foundation and the Caja Rural Foundation, has created a project financing program innovators in the biosanitary field called the INNBio-Advance Program (http://innbio.fibao.es/convocatoria), addressed to professionals of the public health system of the provinces of Granada, Jaén and Almería, researchers who are under the scope of action of FIBAO and those attached to the Institute of Biomedical Research of Granada (ibs.GRANADA).

This program, whose deadline for submission of candidatures ends on April 7, aims to promote technological innovation, creating products aimed at improving the health of the population, transforming scientific knowledge into a healthcare model of excellence and effective transfer of scientific research. Thus, INNBio-Advance seeks to support research results that are close to the market, thus having an impact on the patient, or, what is the same, it aims to generate new products, services and procedures that improve prevention, diagnosis and treatment of the diseases that most affect Andalusian citizens.

To achieve this objective, the selected projects will be evaluated by a committee of experts (scientists, entrepreneurs and investors), quantifying the valuation plan and the business plan, all with the purpose of supporting the work of health researchers and its direct impact on improving the health of citizens.

Innovation at the service of health

Innovation is the necessary tool to respond to the needs and challenges that today's society demands. Thus, the incorporation of innovations to the health sector is the best way to achieve excellence in care and the optimization of resources for patients. The commitment to innovation is also one of the essential factors for the economic growth of the country, hence it occupies a prominent place in European and national policies. The incorporation of innovation into the industrial sector is one of the keys to job creation, medium-term growth, productivity and ultimately the improvement of competitiveness.

The continuity and increase, both in the number of intellectual and industrial property registrations and exploitation licenses to the biomedical industrial sector, is essential for the generation of value through the transfer of technology, promoting new diagnostic methods and advancing in the treatment of numerous diseases.

In this sense, in the last decade, more than 800 records of industrial and intellectual property have been made within the Andalusian public health system and more than 350 public-private collaboration agreements that have generated income of 22,4 million euros. and has promoted the creation of 22 technology-based companies based on a research project developed in the bosom of the entities that make up the Andalusian Public Health System, all focused on improving health.

Fibao Foundation

Fibao is a foundation of the Andalusian public sector, whose founding objective is to promote and carry out biosanitary research in its field of action, as well as the promotion and development of innovations in health technologies and to enhance the professional promotion and teaching of Health professionals. Its scope of action is the provinces of Granada, Jaén and Almería.