02 Mar Repurposing innovations for the Health Economy
‘Partnerships and perseverance’ was the key theme of our ‘Repurposing innovations for the Health Economy’ breakfast organised by The Liverpool City Region Local Growth Hub & in association with Hill Dickinson’s Commercial Healthcare team in Liverpool on Wednesday.
Health is one of the biggest and fastest-growing growing sectors in the world, with spend projected to reach $8.7 trillion by 2020 and in the Liverpool City Region, over £3bn is spent on the delivery of health & care services and increasing levels of investment is being diverted towards technology enabled activity within the NHS.
It is this rate of growth that is creating unprecedented opportunities for businesses currently not working in healthcare. During the event, over 60 SMEs heard detailed insights into the opportunities, struggles and benefits of working with the NHS/wider care system through adapting or “repurposing” products.
Charlotte Lewis & Robert McGough from Hill Dickinson LLP Commercial Healthcare team, gave an overview of the NHS market place, outlining the main rules and regulations, while Andrew Rose, Sector Manager of Life Sciences and Health at Liverpool City Region LEP & Health Innovation Exchange partner outlined how the programme can help companies enter the market through free advice & support.
Delegates also heard first hand accounts from Glow New Media’s Phil Blything & NeedleSmart’s Julie Paul on their successful journeys into the health sector.