The Association of British Healthcare Industries (ABHI) and the Dell Medical School at The University of Texas at Austin have announced the creation of the “ABHI Innovation Hub”.
The Hub will offer UK companies the opportunity to locate themselves at a world-class facility and develop their US business within an ecosystem of clinicians, investors and mentors. Companies will be offered an office location giving them the infrastructure to focus on accelerating market access in Texas and beyond.
The Hub is located within Dell Med’s Health CoLab which offers space and creates connections for start-up companies that share a mission to create healthier communities.
Phil Kennedy, chairman of the ABHI, said: “The ABHI Innovation Hub at Dell Medical School will offer UK companies a unique opportunity to collaborate in a truly world class facility. The Hub will support promising medical technology innovation whilst looking to develop value based healthcare for the benefit of patients in Texas, throughout the US and at home in the UK.”
In addition to the CoLab, companies that base themselves in the Innovation Hub will be able to participate in the ‘Texas Health Catalyst,’ a programme designed by the Dell Medical School to foster health research and advance innovation.
Ruben Rathnasingham, assistant dean for Health Product Innovation at Dell Medical School, said: “We are very excited to be working with ABHI to strengthen ties between the UK and Austin across a variety of health and technology areas. We look forward to working with the ABHI, its members and the UK going forward.”
The partnership is also available to Texas-based companies that are looking to understand and enter the UK healthcare market. ABHI’s scheme will let companies introduce medtech innovations to the UK whilst also offering them insight, market-access knowledge and assistance from a number of partner organisations.
“Through this collaboration, companies will be closer to a range of innovation initiatives that we have created and are continuing to create at Dell Med,” said Mellie Price, the school’s executive director of Commercialization. “They will find themselves in a rich, creative environment.”