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New funding for healthcare

Healthcare alliance announces £20 million investment funding.

The newly formed Healthcare Innovation Alliance (HIA) has announced that it has stimulated the creation of eight new healthcare companies, which have attracted more than £20 million investment funding, in the first two months of its existence.

Created by ?NHS Innovations? organisations in the East of the UK, in London, the North, the South East, the South West and in Yorkshire and Humber, HIA aims to ?catalyse innovation and commercialise concepts to improve patient care?.  Its members are working closely with universities and companies to develop new healthcare initiatives and speed up the development of ideas to improve patient care.

For example, it has supported new technologies for diagnosing and treating cancers, improved diagnosis by GPs of conditions leading to stroke and funded a new social enterprise partnership to produce higher quality products for people with disabilities.

?The importance of innovation in the NHS has never been higher on the agenda than it is now,? says Dick Clark, chair of the HIA.  ?With the drive to make cost savings and at the same time preserve and improve the quality of care, innovation has a leading role to play.  The formation of the HIA is both a timely and positive move: with the wealth of shared expertise and resources we will be able not only to promote the importance of innovation but also facilitate rapid implementation of successful ideas.?

Added the 16 August 2010 in category Healthcare News

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Tags: Healthcare Innovation Alliance, NHS Innovations, innovation, technology, diagnostic, manufacturing