A range of major new initiatives launching across Leeds and Leeds City Region this month together mark a dynamic new era for transforming healthcare and accelerating economic growth.
With the global medical technologies market forecast to grow significantly to more than $675 billion by 2022 and with venture capitalist investment in UK healthtech reaching a record high of $2.35 billion in 2020, the time is ripe for Leeds City Region to capitalise on these trends.
As home to more than a fifth of the UK’s digital health jobs and hundreds of digital and healthtech businesses supplying the health and care sector, Leeds City Region is already acknowledged as a healthtech hub. But partners are now joining forces to create a seamless, dynamic infrastructure to strengthen its position and the “innovation pipeline”.
The new initiatives include:
This will include access to:
Led and managed by Leeds Academic Health Partnership, the free-to-join Healthtech Catalyst will support all other major, new initiatives to help drive forward new levels of collaboration, investment and pace for healthtech innovation in the region
Other regional assets, such as the University of Huddersfield’s 3M Buckley Innovation Centre and the University of Leeds’ Nexus, already provide wide-ranging support for innovative businesses to grow, including access to academic expertise, and research and development facilities.
Linked together, these schemes support new ideas and discoveries from conception through to evaluation and testing – and eventual adoption and use in a clinical setting or with the wider population.
Not only is the aim to stop good ideas from falling by the wayside, but to significantly reduce the time it takes for them to be transformed into products and devices that benefit patients or promote health in the wider population.
Tracy Brabin, Mayor of West Yorkshire, commented: “The Healthtech Catalyst is an exciting initiative to accelerate healthtech innovation in our region and I am proud to support the launch event. We want to make a difference in our region and this collaborative platform will not only support local businesses in the healthtech sector, it will also support improved health outcomes for patients.
“Together, we are positioning the Leeds City Region as the engine room of health ideas and innovation that will drive levelling up, contributing significantly to the post Covid-19 economic and health recovery, not only for our region’s economy, but for the whole nation.”
Dr Liz Mear, Managing Director, Leeds Academic Health Partnership, said: ““Health technologies can help people better manage their own health and health conditions, support health and care staff to do their jobs better and ultimately save lives. We’ve seen amazing levels of collaboration across organisational boundaries, creative thinking and fast adoption of digital and technological solutions throughout the pandemic. And we now need to accelerate that kind of adoption.
“The exciting new initiatives launching this month mark a huge, collective step forward for healthcare innovation in our city and our region, specifically for health technologies. This will contribute significantly to the post Covid-19 economic and health recovery we all need.”
To join the Healthtech Catalyst or register for the free, online launch event on 16 Sept, go to bit.ly/healthtech-catalyst
Leeds Academic Health Partnership brings together Leeds’ universities, our local NHS organisations, regional economic and health and care partnerships, Leeds City Council and third sector partners to solve some of the city’s hardest health challenges. We catalyse innovation and economic growth to transform health and care and reduce health inequalities. Learn more about Leeds Academic Health Partnership here: www.leedsacademichealthpartnership.org