shil presentation at the nhsscotland event 2017
TRANSCRIPT
Scottish Health Innovations Limited (‘SHIL’)
The Health Care Innovation Catalyst
Graham WatsonExecutive Chairman
SHIL
• SHIL, which is funded by the Chief Scientist Office, works in partnership with NHS Scotland to identify, protect, develop and commercialise innovations involving health care professionals.
• SHIL offers a systematic innovation pathway, as the only organisation set up to work alongside NHS Scotland on commercialisation activity. SHIL has been doing this with every Health Board in Scotland since 2002.
• SHIL has three objectives: help transform patient care; drive commercial return to NHS Boards and inventors; stimulate economic wealth.
The Health Care Innovation Catalyst
• What is ‘Innovation’? • Any combination of activities or technologies that break
existing performance tradeoffs in the attainment of an outcome, in a manner that expands the realm of the possible.
• Defined in health care as providing “more for less”—more value, better outcomes, greater convenience, access and simplicity; all for less cost, complexity, and time required by the patient and the provider, in a way that expands what is currently possible.
The Health Care Innovation Catalyst
• Globally, health care is an industry in need of innovation.
• Global health care expenditures are projected to reach $8.7 trillion by 2020, from $7 trillion in 2015. (Source: Deloitte)
• Governments, health plans, providers, and life sciences companies are facing rising costs and inconsistent outcomes in their pursuit of the triple aim—improving care, improving health and reducing spending.
The Health Care Innovation Catalyst
• In a rapidly changing health care landscape, startupsare playing a pivotal role in reshaping how patients interact with the health industry.
• It is more important than ever to scale health tech startups efficiently and build sustainable relationships with the stakeholders that power the existing system.
• SHIL provides a framework for startups to grow rapidly, vet ideas quickly, and interface with top health care decision makers.
The Health Care Innovation Catalyst
• Advancing innovation is a clinical and cost imperative. • Already, robotic surgery, 3D printing, implantable
devices, and other digital and technology enabled innovations that target prevention, monitoring, and treatment, are showing potential to improve outcomes and reduce costs.
• In addition, new R&D approaches, and big data and analytics use are creating opportunities for innovation.
The Health Care Innovation Catalyst
What are the innovations most likely to transform health care in the next few years?
The Health Care Innovation Catalyst
Next-generation sequencing Virtual reality
3D-printed devices Social media
Immunotherapy Biosensors and trackers
Artificial intelligence Convenient care
Point-of-care diagnostics Telehealth
• Investors see huge potential opportunities from health care – venture capital funding in the USA has more than doubled in the past five years from less than $8 billion in 2010 to more than $16 billion in 2015.
"The health care industry continues to be one of the biggest opportunities for entrepreneurs and investors.”
Dr Bob Kocher, Partner, Venrock
The Health Care Innovation Catalyst
• SHIL is interested in looking at innovative ideas of allkinds.
• Past successes demonstrate the range of SHIL’s interests and the help that can be provided to innovators.
• For example, the SCRAM Bag and AURUM Biosciences Limited.
The Health Care Innovation Catalyst
The Health Care Innovation Catalyst
SCRAM BAGPaul Swinton, Air Ambulance paramedic with the Scottish Ambulance Service is co-inventor of the SCRAM bag - an Emergency Airway Bag which provides a structured approach to airway management. Bringing the idea to SHIL in 2013, it is now a commercially available product.
The Health Care Innovation Catalyst
A 2015 spin-out company of SHIL, NHS Greater Glasgow and Clyde and the University of Glasgow, developing novel pharmaceuticals for use in a number of different clinical indications of high unmet medical need.
• SHIL is headquartered at the Golden Jubilee National Hospital, Clydebank with satellite offices at Aberdeen Royal Infirmary (NHS Grampian) and Ninewells Hospital (NHS Tayside).
• For further information, please contact:[email protected] 951 5506 / 07739013064
Visit SHIL at stand 75 for more information and a range of useful resources
The Health Care Innovation Catalyst