Investors and Industry
NHSIL give medical or healthcare companies access to healthcare technologies and devices, developed as a result of specific needs identified in the delivery of frontline healthcare. They work with companies who are interested in licensing, forming spin out companies or partnering in product design, product development, prototype manufacturing, regulatory affairs and distribution.
NHSIL puts its projects through an evaluation process (Xpedite), ensuring that all innovations receive a detailed market assessment, a technical validation and are properly protected.
NHSIL assesses the need for a product by identifying “champions” within the field and asking them to confirm the usefulness and uniqueness of the product - and in some cases perform limited trials. The benefits of this process is twofold: confirmation that the product is of real value and an endorsement from leading clinicians in the field. NHSIL partners with both SMEs and large commercial organisations to enable the transfer of innovations from the NHS into healthcare markets on the most favorable terms. They also seek to build long term partnerships with key players in specific markets to increase the efficiency of the commercialisation process and facilitate the development of interactive relationships between clinicians and technology experts.
Read more about this topic: NHS Innovations London
Famous quotes containing the word industry:
“The Founding Fathers in their wisdom decided that children were an unnatural strain on parents. So they provided jails called schools, equipped with tortures called an education. School is where you go between when your parents can’t take you and industry can’t take you.”
—John Updike (b. 1932)