officeofcommercialisation.com | Three State Health Commercialisation Agencies Unite

Participating in the Alliance from Queensland is the Australian Institute for Commercialisation (AIC), from New South Wales, BioMed North Limited (BMN), and from the ACT, the National Health Sciences Centre Limited (NHSC).

It will encourage collaboration and knowledge sharing with a health innovation agenda. It will also leverage collective IP management and commercialisation skills and expertise, innovative R&D programs to increase value for government/s, research sectors, and industry alike.

The Alliance recognises that public hospitals and health services generate significant intellectual assets which, if properly managed, could be leveraged to provide increased public value, opportunities for collaborations that stimulate innovation, and lead to improved patient outcomes. It can also provide a mechanism to assist with responding to business drivers in health, including:

Improved quality of patient care through innovative practices and technology, as well as sustainable support systems into the future;
Improving research profile and reputation in health delivery practice innovation to attract top researchers and clinicians; and
Reducing health service delivery costs, and enabling effective risk management at a hospital site level.

The signed MoU was an outcome of the recent 2nd Annual IP Management and Commercialisation for Hospitals Conference hosted by BioMed North at Westmead Hospital, Sydney in September 2008.