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Partnership with BioMed North Ltd & Australian Institute of Commercialisation

Three State Health Commercialisation Agencies Unite



In an Australian first, the leading State health commercialisation agencies from the Australian Capitol Territory, New South Wales, and Queensland, recently signed a Memorandum of Understanding (MoU) to establish greater co-operation and information sharing.

Participating in the Alliance from the ACT is the National Health Sciences Centre Limited (NHSC), from New South Wales, BioMed North Limited (BMN), and Queensland, the Australian Institute for Commercialisation (AIC).

It will encourage collaboration and knowledge sharing with a health innovation agenda. It will also leverage collective IP management and commercialisation skills and expertise, innovative R&D programs to increase value for government/s, research sectors, and industry alike.

The Alliance recognises that public hospitals and health services generate significant intellectual assets which, if properly managed, could be leveraged to provide increased public value, opportunities for collaborations that stimulate innovation, and lead to improved patient outcomes. It can also provide a mechanism to assist with responding to business drivers in health, including:
  • Improved quality of patient care through innovative practices and technology, as well as sustainable support systems into the future;
  • Improving research profile and reputation in health delivery practice innovation to attract top researchers and clinicians; and
  • Reducing health service delivery costs, and enabling effective risk management at a hospital site level.
The signed MoU was an outcome of the 2nd Annual IP Management and Commercialisation for Hospitals Conference hosted by BioMed North at Westmead Hospital, Sydney in September 2008.




Partners

Partnership with ACT Health

Partnership with BioMed North Ltd & Australian Institute of Commercialisation

 
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