Investment for UK medical technology innovation
30 Sep 2015 by Evoluted New Media
The University of Leeds Medical Technologies Innovation and Knowledge Centre (IKC) has received £3 million to continue bringing UK’s medical technology research to patients.
The funding – provided by the Engineering and Physical Sciences Research Council – will allow the centre to continue developing medical technology innovation, translating cutting-edge research into medical devices and fostering collaboration between industry and top researchers.
John Fisher, Professor of Mechanical Engineering at the University of Leeds, said: “Half way through our ten year plan, we’re building on our success. We’re working with more industry and university partners to increase innovation activity across the UK in medical technologies and support emergent technologies.
“We see the potential to boost future investment in research and new product development to over £50m per year by 2020, building the platform of technology needed to establish a £1 billion per year industry over the next decade.”
The investment will help the expansion into research fields such as wound repair, maxillofacial reconstruction, dental reconstruction and general surgery. It will also support research and innovation training for 150 undergraduates, PhD students and post-doctoral researchers, contributing to the development of a highly skilled workforce.
“By helping to develop a commercially aware cohort of researchers and technology specialists through training initiatives and career development programmes, we are also helping to address the needs for specialist skills within the new high-value industry being created,” said Jo Dixon Hardy, Operations Director of the IKC.
