Today we’re launching our annual review, which tells the story of how we’re bringing new technology to the NHS to help address some of the big healthcare challenges. Find out how we’re supporting the development of some exciting innovations, including:
- 3D printed prosthetic limb developers, Open Bionics, who are providing cheaper, faster and more comfortable prosthetics for children.
- Applied Nanodetectors that measure biomarkers in a patient’s breath to immediately distinguish a viral from bacterial respiratory tract infection, is allowing GPs to prescribe antibiotics quickly and appropriately.
- A cancer breathalyser, created by Owlstone Medical, which can detect early signs of lung cancer. The technology is attracting interest from around the world, with the company leveraging $23.5m external investment over the last year.
We’ve made great strides over the last five years:
- 788 jobs created – valued at £47.2m to the UK economy.
- £140m additional funding leveraged through grants and venture capital.
- 382 finalised agreements with UK and foreign companies, with more in the pipeline.
- 135 patents, copyrights, trademarks and scientific publications applied or awarded.
While we have delivered some exciting results to date, we know there are many challenges still be addressed. Over the next year, we’ll be working with innovators to help us take a leap forward in the fight against cancer. Watch out for competitions focused on mental health; and frugal surgical innovation.