Health re­search grant on of­fer

Kapi-Mana News - - NEWS -

Grow Welling­ton has of­fered a $50,000 re­search grant to the win­ner of its In­no­vat­ing for Health Chal­lenge.

The chal­lenge is aimed match­ing in­no­va­tions emerg­ing from the bio­med­i­cal sec­tor with en­trepreneurs and in­vest­ment fund­ing.

Grow Welling­ton bio­med­i­cal cen­tre of ex­cel­lence man­ager Adrian Gre­gory said the re­gion’s bio­med­i­cal in­dus­try was at an early stage but there was an abun­dance of sci­ence­ori­ented com­pa­nies, re­search and clin­i­cal ex­per­tise.

‘‘A key goal of the chal­lenge is for this un­re­alised po­ten­tial to be con­nected with busi­ness ex­per­tise, to en­able re­search and in­no­va­tions to be brought to life.’’

The bio­med­i­cal sec­tor’s role in New Zealand is grow­ing with ad­vanc­ing med­i­cal tech­nol­ogy and the pop­u­la­tion is age­ing, pro­vid­ing grow­ing op­por­tu­ni­ties for the de­vel­op­ment of in­no­va­tive health­care prod­ucts, Mr Gre­gory said.

Sub­mis­sions for the chal­lenge opened in Jan­uary 2012 and will close at the end of March.

All ideas will be given sup­port with re­gard to their com­mer­cial­i­sa­tion and po­ten­tial path­ways to mar­ket.

The lead­ing in­no­va­tion will be an­nounced in mid- July and will re­ceive $ 50,000 in de­vel­op­ment fund­ing.

A show­case event will be held at the Welling­ton Re­gional Hospi­tal on March 5 to help ac­cel­er­ate con­nec­tions be­tween bio­med­i­cal re­search and health­care mar­kets.

A range of speak­ers will pro­vide in­sight into turn­ing re­search and clin­i­cally- based in­no­va­tions into com­mer­cial re­al­i­ties.

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