14 May, 2018

Spago Nanomedical receives grant from Vinnova for the development of SpagoPix

Spago Nanomedical has been granted 500 000 SEK by Sweden's government agency for innovation, Vinnova, to support the clinical development and commercialization of SpagoPix.

Spago Nanomedical applied in February for the first level of financing from Horizon 2020, EU´s framework program in research and innovation for small and medium sized enterprises (SMEs). The project received strong scoring in the ranking system and was awarded a “Seal of Excellence”, a designation that allowed application for grants through Vinnova´s program "Runner-up SME instrument 2018".

Vinnova has now granted 500 000 SEK (ca. 48.5 KEUR) for the project "Clinical Development of the Novel Tumour Selective Contrast Agent SN132D”. This initial grant will be used for the preparation of a plan for the clinical development and commercialization of SpagoPix. This development plan will form the basis of an application for the next level of funding within Horizon 2020. If the application is granted at the next level, the project may receive further funding of up to 2.5 MEUR.