A new Small Business Research Initiative (SBRI) competition was launched in March 2012 by NHS Midlands and East in partnership with the Department of Health to find innovative new products and services that support improved Medicines Management. The winning projects would be selected primarily on their potential value to the health service and on the improved outcomes delivered for patients.
The competition was open to single companies or organisations from the private, public and third sectors, including charities and was run in two phases.
With over 70 applicants applying with new solutions to effective medicines management, five phase 1 winners were selected after a rigorous assessment process. The winning companies are developing innovative solutions to improve the number of patients taking prescribed medication. This is an area that significantly contributes to unscheduled hospital admissions and costs the NHS £100m every year in drug wastage. The successful projects are expected to bring quality and cost benefits to the NHS through improved healthcare delivery, particularly in vulnerable patient groups and by facilitating continuing care in the home.
Companies awarded Phase 1 funding
- Handle My Health
- Bespak Europe Ltd
- Message Dynamics
- Therakind Ltd
- UMotif Ltd
From five companies awarded phase 1 funding in October 2012, three have demonstrated best value and greatest technical feasibility. At a typical cost of £250,000 to £1million each, the successful companies will be supported and fully funded to take their technologies through to commercialisation and procurement. The three selected were: Bespak Europe, Therakind Ltd and UMotif Ltd.