71 small and medium businesses have been supported through the Health Innovation Exchange project, helping them take their innovative products and services from concept to market, creating over 22 new jobs, since launching in 2016.
The project, which is funded through the European Regional Development Fund (ERDF), has enabled small and medium sized businesses to gain a raft of support and guidance from healthcare professionals, universities and businesses across the Liverpool City Region.
Dave Horsfield, Digital, Innovation & Research Lead for Liverpool Clinical Commissioning Group said:
“The Health Innovation Exchange has built upon the City Region’s strong expertise in health and life science by harnessing the collective expertise of the NHS and universities to help businesses in the Liverpool City Region develop solutions for the health and social care sector.
“What has been encouraging is the range of businesses we have supported so far – from digital companies, social enterprises, manufacturers, to companies focusing on mental health and wellbeing, amongst others – all developing innovations that will ultimately enable the health and social care sector to deliver more effectively and efficiently.”
Health is one of the biggest and fastest-growing growing sectors in the world, valued at around £6 trillion globally, and the overall aim of the programme is to catalyse businesses in the Liverpool City Region to become market leaders in health, well-being and care sectors by encouraging the development of innovative products, services and solutions.
The programme is now calling for more businesses who want to access the health sector to get in touch to find out how they can benefit from the Health Innovation Exchange project before it ends later this year.
To be eligible, businesses must be looking to develop innovative products or services within the health and care sectors and be based within the areas that make up the Liverpool City Region: Liverpool, Sefton, St Helens, Halton, Knowsley and Wirral.
Jason Taylor, General Manager (Innovation) at Alder Hey Children’s NHS Foundation Trust said:
“Our aim from the start of this project was to help remove obstacles and stimulate the collaboration necessary to enhance the Liverpool City Region’s capacity to innovate and I feel we have certainly enabled local businesses to connect with world-class health, care, technology and commercial resources on offer.”
Jason added: “I would encourage any small or medium sized businesses who are developing products or services for the health and care sectors, or who have existing products that can be repurposed for the sector to get in touch before the programme ends in September.”
Michael Walker, AIMES’ Project Director commented: “Although the Health and Care markets are significant, there are very real barriers to entry. AIMES’ objective, from the outset of the project, has been to support digital companies from across the Liverpol City Region, in order to help them reach a position where they are in a position to supply their products and services into the sector. We are pleased to have worked with the other HIE partners on the project and would echo Jason’s call to attend the event or contact us before September.”