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Innovation Nexus recognised for excellence in supporting life science businesses
TRUSTECH, as the delivery partner for Greater Manchester Academic Health Science Network’s (GM AHSN) Innovation Nexus, is pleased to announce that the Nexus service, which supports healthcare SMEs to develop their innovations and introduce them to the NHS, has been honoured with Bionow’s 2016 Business Services Award.
The Innovation Nexus provides a single point of access for SMEs in the life science sector to a network of specialist support across Greater Manchester. It acts as a gateway between commercial innovators and key decision makers in the NHS and business support organisations, such as the Business Growth Hub; however the key part of the success of the Innovation Nexus is that its focus remains on the specific needs of a company.
The 15th annual Bionow Awards were held on 24th November 2016, and over the last 15 years, have celebrated the best achievements in the life science sector in the North of England.
TRUSTECH helped develop the Innovation Nexus to assist GM AHSN to deliver long-term health and wealth benefits to Greater Manchester. The Innovation Nexus supports SMEs based (or are interested in operating) in Greater Manchester, East Lancashire and East Cheshire, with a particular focus around the GM AHSN’s priority areas of cardiovascular health, patient safety and digital health/informatics. Organisations with innovative solutions outside of these areas are also encouraged to access the Innovation Nexus, as the overarching aim remains to improve health outcomes for both the local population and the wider NHS.
At the time of the award, 265 companies have received support since the Innovation Nexus was launched just over two years ago in October 2014.
Two companies that have recently benefited from the Innovation Nexus are Humedics and U-Drain. Here are their stories:
Humedics is a Berlin-based company who specialises in instant and exact liver function measurement to help monitor and improve outcomes for patients undergoing liver surgery or receiving oncological therapy. The company are seeking to expand their global operation and identified Manchester as a key location to access the NHS. Through the Innovation Nexus, Humedics were introduced to The MedTECH Centre, where they established a local base and the company is currently engaging with a number of Greater Manchester NHS Trusts with a view to conducting a clinical study of their technology.
U-Drain is an SME based in GM. Their unique home drainage system offers patients on automated peritoneal dialysis a more friendly and efficient method of fluid disposal. Innovation Nexus has helped the company to secure funding to carry out an evaluation of their technology with a GM NHS Trust.
Dr Linda Magee, Executive Director of Industry and Wealth at GM AHSN, was at the award ceremony to collect the prestigious award. Linda, who is responsible for ensuring the success of the Innovation Nexus, said: “There are lots of innovations born out of SMEs that have the capacity to impact profoundly on the health and wellbeing of patients. Unfortunately access to, and navigating the life science market is complex and challenging. This is where the Innovation Nexus can help.
Although only two-years old, we have already had some great successes and we are elated to have won this award.”
TRUSTECH’s Dr Richard Deed works closely with Linda to make sure the Innovation Nexus aligns with GM AHSN’s strategic priorities, said: “The development and delivery of the Innovation Nexus for GM AHSN has been one of TRUSTECH’s greatest successes over the past couple of years and it’s great to see recognition for this.
“Credit goes to the hard-working members of the AHSN and TRUSTECH teams and the GM AHSN Member Trusts who continually ensure that we meet the needs of the companies that approach us.
“We’re now looking forward to using this endorsement to build on the service we provide to help more companies and SMEs to benefit in the future.”
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