MidTECH - NHS Innovations; Dr Barry Sturman-Mole, Chief Executive of MidTECH, Outlines the Expert Intellectual Property (IP) and Innovation Commercialisation Support the Company Provides to the NHS, from the New SHA Clusters through Hospital Trusts to GP Consortia
Byline: Dr Barry Sturman-Mole
The ability of NHS organisations, teams and individuals to innovate - to adopt new ideas to meet new challenges - is crucial to the task of responding to the changing needs of patients and to the need to attract and retain employees. The NHS is the origin of many new ideas, not only from its dedicated Research & Development capability but also from frontline staff who develop solutions to meet current challenges. In certain cases those ideas may contain valuable intellectual property (IP) and lead to commercial solutions that may generate income or lead to cost-savings.
As an NHS innovation 'hub', MidTECH's primary function is to provide NHS Clusters, Trusts and Consortia with the expert assistance needed to assess and commercialise innovations and IP which arise from the ideas and activities of individuals within those organisations. MidTECH is an intellectual property (IP) and technology commercialisation management company, with an established record of guiding NHS innovations through from concept to market. After receiving an initial idea, we assess its feasibility and market potential, take appropriate steps to protect any IP, develop 'proof of concept demonstrations' and prototypes where appropriate, identify potential industrial partners and negotiate the legal agreements - always ensuring that the profits and benefits accrue to the inventor, the trust, the NHS and its patients.
MidTECH has assessed more than 600 ideas, and concluded more than 60 intellectual property commercialisation agreements (licences, joint ventures and spin outs) on behalf of the NHS. The NHS benefits from our cost-effective innovation management and exploitation services and we assist NHS employees with a broad spectrum of innovations. These range from medical devices and technologies to software and training materials.
In addition to its innovation management services, MidTECH also provides: Advice to NHS management teams on internal IP policy, process, strategy and associated implementation IP workshops and surgeries Market research IP Diligence for contractual purposes Bespoke IP tools and expertise to help identify opportunities and threats Advice and assistance on purchasing R&D services from third parties/subcontractors Access to and advice on funding Access to an exclusive helpline for project management and IP-related queries Examples of recent projects MidTECH, on behalf of the Dudley Group of Hospitals, has worked with Birmingham University, through its technology transfer arm Alta Innovations, on a new therapeutic system. …