Strategic Commitment 4
Delivering real value from healthcare innovation
The InnoScot Health product and spin-out portfolio presents a record of successful health outcomes. Developed in collaboration with health professionals, a range of medical devices, products and technologies are in use internationally across hospitals, care homes and on-scene emergency settings.
Whilst healthcare innovations must deliver benefit to the NHS and its patient population; to deliver a truly holistic view we must focus not just on health, but social and economic benefits too. Successful healthcare innovations have the potential to create jobs, attract further investment to Scotland and strengthen our innovation profile on the international stage. We must spotlight the broader significance, and benefits, of health innovation within the wider entrepreneurial vision for Scotland.
What success will look like by 2026?
- An internationally recognised health, social and economic landscape across Scotland that promotes the benefits of successfully commercialised and sustainable health innovations.
How InnoScot Health Will Help Deliver This Success
- We will help position Scotland as a great place to do business, thereby playing our part in creating jobs and attracting investment into Scotland
- We will develop bespoke social and economic value measures to help inform our selection of ideas to drive forward and to evidence the wider benefits of health innovations that we commercialise
- We will generate a growing income stream to NHS health boards through financial returns on codevelopment projects
Our Focus
- We will work with academia, industry and government to provide commercialisation and funding advice relevant to healthcare innovations and emerging technologies
- We will support NHS commitments to enable and promote best practice in systemic, sustainable health and care
- We will work with license partners and NHS spin-outs post-commercialisation to grow sales and optimise value
Our Contribution to National and Global Priorities
This commitment aligns with Scotland's National Outcomes in the Health, Economy, and Fair Work and Business; International; and Poverty categories.
It aligns with the United Nations Sustainable Development Goals in the No Poverty; Good Health and Wellbeing; Decent Work and Economic Growth; Industry, Innovation and Infrastructure; Reduced Inequalities; Sustainable Cities and Communities; and Partnerships for the Goals categories.
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