ILS MediPark. From Incubator to Science Park. UKSPA Conference Loughborough 19 th May 2016

Transcription

1 ILS MediPark From Incubator to Science Park UKSPA Conference Loughborough 19 th May 2016 Dr. Gareth Davies Swansea University Medical School: Institute of Life Science Enterprise & Innovation

2 ILS MediPark South West Wales Context Institute of Life Science (ILS) ILS Case Studies and Impact A Regional Collaboration for Health (ARCH)

3 ILS MediPark South West Wales Context Institute of Life Science (ILS) ILS Case Studies and Impact A Regional Collaboration for Health (ARCH)

4 South West Wales 19 th Century Global industrial powerhouse; coal, iron, steel and copper 1960s, 70s and 80s collapse of the coal industry and move to FDI manufacturing industry 21 st Century erosion of manufacturing and focus on the knowledge economy

5 Regional Innovation Ecology ICT structure and access Innovation and enterprise support Research, development and innovation excellence Skilled labour availablility Collaboration between disciplines and sectors Vibrant location

6 Related Economic Clusters

7 ILS MediPark South West Wales Context Institute of Life Science (ILS) ILS Case Studies and Impact A Regional Collaboration for Health (ARCH)

8 ILS: Vision To create a sustainable Institute which advances medical science through research and innovation for the benefit of: Human Health through improved prevention and treatment of disease The knowledge economy in Wales by linking scientific and medical advancement to wealth creation

9 Medical School / Institute of Life Science 1970s Genetics and Biochemistry departments 1980s EPSRC National Mass Spectrometry Centre 1990s Post-graduate Medical School 2001 Swansea Clinical School 2004 First Graduate Entry Medical intake 2007 Institute of Life Science (ILS1) 2011 ILS2 and Centre for NanoHealth 2012 MRC Health eresearch Centre Grove Building 2013 EPRSC National Mass Spectrometry Centre

10 ILS: Research Excellence Source: Times Higher Education

11 ILS: Challenge Space Cooksey 2006

12 Employees Life Sciences Sector in Wales Source: Office for Life Sciences, HM Government, 2014

13 ILS: Core Economic Cluster

14 ILS Foundations

15 ILS Sector Engagement Source: ILS2 Project Monitoring Data, 2015

16 ILS: Cluster Engagement

17 ILS MediPark South West Wales Context Institute of Life Science (ILS) ILS Case Studies and Impact A Regional Collaboration for Health (ARCH)

18 Case Study: Acuitas Development of novel technology for imaging of fine structures to support research and diagnosis of diseases SME based in Swansea with networks around the world Undertaken development and trials with ILS Imaging facility Partnership with Siemens for access to core technologies

19 Case Study: Cellnovo Novel insulin patch pump for diabetes management Patient Usability Study undertaken in ILS Promising results support innovation and application around the world 60 staff two thirds R&D/manufacturing Currently expanding to 75 employees with further investment Engaged with Sony Pencoed Centre as part of regional manufacturing ecosystem Recently floated on Paris Stock Exchange

20 Case Study: Calon Cardio Responding to major clinical requirement Technology developed in Swansea through collaboration with global partners Major multidisciplinary challenge involving research, clinical expertise and commercial development Promising results placing technology at forefront of the market

21 ILS: Economic Impact to Date

22 ILS: Economic Impact to Date Benefits and Costs,000 Base Low High 15yr 20yr 15yr 20yr 15yr 20yr Direct Employment 91, ,431 73, , , ,517 Indirect Employment 37,294 61,607 11,934 19,714 53,704 88,714 Combined Employment 128, ,038 84, , , ,231 Combined (Discounted) 111, ,901 73, , , ,184 Facility Value 12,000 12,000 10,000 10,000 15,000 15,000 Investment PV 37,900 37,900 37,900 37,900 37,900 37,900 Net Present Value 85, ,001 45,764 83, , ,284 Benefit/Cost Ratio

23 ILS MediPark South West Wales Context Institute of Life Science (ILS) ILS Case Studies and Impact A Regional Collaboration for Health (ARCH)

24 ARCH: A Regional Collaboration for Health Key messages: To develop South West Wales as an exemplar 21st century health economy To develop the U in the region s University Health Boards Competitive advantage was the paradigm in the old industrial economy; in the new knowledge economy the paradigm is collaborative advantage (Rich Bendis, CEO Innovation Philadelphia ) Artist Impression of Singleton Health Campus including Medi- Park & Health Services co-located

25 ARCH: Health, Skills, Economy Health: South West Acute Care Alliance Economy: Swansea Bay City Region Skills: Regional Learning Partnership (South West & Mid Wales)

26 ARCH: Workstreams

27 ARCH: Economic Opportunity Mobilising organisations of 30,000 employees and over 2bn turnover towards economic development in high growth sectors Using combined population of over 1 million people to harness inward investment for clinical research and development Stimulating sectors including Life Sciences ICT / health, informatics advanced manufacturing, tourism and construction Providing a transformative pan-region infrastructure project employing over 1,000 people during construction and delivering more than 1,200 ongoing high added value jobs

28 ARCH: Research Enterprise & Innovation Growth of regional Healthcare Technology Centre for research capacity and clinical research expansion Development of IP Commercialisation Platform for ARCH Health Boards and NHS bodies as well as university research output Creation of Wellness and Life Science Village to support communities, stimulate regeneration and Establishment of Skills Development Facilities and Talent Bank to develop skills base for future sector needs

29 Medi-Park: Projected Impact MediPark Components Year 5 (2020) Year 10 (2024) Year 15 (2030) Employment Impact ( k) 17,731 50,002 96,547 Asset/Facility Value ( k) 19,717 15,967 12,216 Combined Impact ( k) 37,448 65, ,764 Investment ( k) 31,481 31,481 31,481 NPV ( k) 5,967 34,488 77,282 B/C Ratio ARCH Combined Year 5 (2020) Year 10 (2025) Year 15 (2030) Ongoing Direct Jobs ,230 Combined Impact ( m) Benefit/Cost

30 ILS MediPark: Key Challenges Long-term endeavour, beyond political or economic cycles Complexity within a dynamic evolving ecosystem Indirect unscheduled or planned benefits Trust, ambition, persistence and belief

31 Institute of Life Science Enterprise & Innovation Thank You / Diolch 12 th May 2016

32 ILS: Major Initiatives Engagement Medi-Park Initiative: Cornerstone Centre for NanoHealth: Hosted Project Data Science: MRC/ESRC: Hosted Project Cardiff Life Science Hub: Member Reneuron Investment: GMP development Sêr Cymru Research Programme: Hosting research NISCHR Next Phase: Hosting/Partnering Bids Arthurian Investment Fund: Working with investors/companies

33 Impact and Engagement

34 ILS: Research Excellence Source: REF 2014 Results Site