COLLABORATIVE
INNOVATION
A process in which organisations or individuals
work together to produce a commercially
beneficial product, process or service
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SURVEILLANCE
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WHY IS COLLABORATIVE
INNOVATION IMPORTANT?
Very few small organisations have all the skills,
experience, resources, funding and knowledge to
take products from concept to a commercial reality
without the need to work with other groups.
To commercialise most successful life science or
medical device products there is generally a need
for collaboration between the ABCs:
A Academic groups. These groups provide
expertise, resources and R&D capacity where
businesses are limited in resources
B Businesses who are the development and
commercial entity that take ideas from concept to
launch
C Clinical input, representing the connection to the
experts who provide the link to the patient and
healthcare services
Medilink is at the centre of the ABCs, helping
businesses to identify partners and to provide
support in directly understanding unmet needs
and supporting the development process related to
business case preparations, value proposition and
clinical evaluation reports. Having a strong multidisciplinary team means you are more likely to
demonstrate that you have the right competencies
to decrease technical and commercial risk and
maximise probability of successful product launch.
This is particularly critical when applying for
government funding above £100K.
ACADEMIC
MEDILINK
BUSINESS
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CLINICAL
POST
LAUNCH
COLLAB
INNOV
REGULATORY
AND VALUE
PROPOSITION
FOR HEALTHCARE
SYSTEM
PRODUCT
LAUNCH
PRODUCT
DEVELOPMENT
QUALITY
TESTING
HOW DO YOU DO IT?
The key to any successful development and
commercialisation is to provide a solution for a
genuine unmet need.
Organisations such as Medilink support businesses
in identifying key unmet needs by using ground
breaking techniques such as ethnography and lead
user research. Businesses then need to identify a
solution or solutions to the unmet need. This is best
achieved by first understanding the competitor and
technological landscape to determine what has
already been achieved in this space.
The unmet need is the gap between current
solutions and a future desired state. This gap is
where the business opportunity lies. It is important
to have the right team whether that be part or full
time to help identify the solution.
This is generally where collaboration is required
to find solution, to take the business opportunity
forward and to reduce technical and commercial
risk and to increase the probability of success.
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