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
ILS MediPark South West Wales Context Institute of Life Science (ILS) ILS Case Studies and Impact A Regional Collaboration for Health (ARCH)
ILS MediPark South West Wales Context Institute of Life Science (ILS) ILS Case Studies and Impact A Regional Collaboration for Health (ARCH)
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
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
Related Economic Clusters
ILS MediPark South West Wales Context Institute of Life Science (ILS) ILS Case Studies and Impact A Regional Collaboration for Health (ARCH)
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
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
ILS: Research Excellence Source: Times Higher Education
ILS: Challenge Space Cooksey 2006
Employees Life Sciences Sector in Wales Source: Office for Life Sciences, HM Government, 2014
ILS: Core Economic Cluster
ILS Foundations
ILS Sector Engagement Source: ILS2 Project Monitoring Data, 2015
ILS: Cluster Engagement
ILS MediPark South West Wales Context Institute of Life Science (ILS) ILS Case Studies and Impact A Regional Collaboration for Health (ARCH)
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
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
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
ILS: Economic Impact to Date
ILS: Economic Impact to Date Benefits and Costs,000 Base Low High 15yr 20yr 15yr 20yr 15yr 20yr Direct Employment 91,287 150,431 73,030 120,345 109,544 180,517 Indirect Employment 37,294 61,607 11,934 19,714 53,704 88,714 Combined Employment 128,581 212,038 84,964 140,059 163,248 269,231 Combined (Discounted) 111,472 167,901 73,664 110,917 141,524 213,184 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 85,572 142,001 45,764 83,017 118,624 190,284 Benefit/Cost Ratio 3.26 4.75 2.21 3.19 4.13 6.02
ILS MediPark South West Wales Context Institute of Life Science (ILS) ILS Case Studies and Impact A Regional Collaboration for Health (ARCH)
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
ARCH: Health, Skills, Economy Health: South West Acute Care Alliance Economy: Swansea Bay City Region Skills: Regional Learning Partnership (South West & Mid Wales)
ARCH: Workstreams
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
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
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 65,969 108,764 Investment ( k) 31,481 31,481 31,481 NPV ( k) 5,967 34,488 77,282 B/C Ratio 1.19 2.10 3.45 ARCH Combined Year 5 (2020) Year 10 (2025) Year 15 (2030) Ongoing Direct Jobs 493 900 1,230 Combined Impact ( m) 678 732 800 Benefit/Cost 1.07 1.15 1.26
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
Institute of Life Science Enterprise & Innovation Thank You / Diolch 12 th May 2016
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
Impact and Engagement
ILS: Research Excellence Source: REF 2014 Results Site