Enterprise Ireland injects $5.5m into Health Innovation Hub

Health Innovation Hub aims to develop and commercialise healthcare technologies, products and services.

The Irish government's minister for jobs, enterprise and innovation, Richard Bruton, and minister for health, Leo Varadkar, have announced €5m ($5.5m) in funding for the Health Innovation Hub.

The funding, which will be spread over five years, will support the hub's work in driving collaboration between the health system and commercial enterprises. The aim of the hub is to develop and commercialise healthcare technologies, products and services.

The Health Innovation Hub was established as a pilot by University College Cork in 2012, before being made a national project by the government in 2014. The change came with financial support from Enterprise Ireland and assistance from HSE, Ireland's health services.

Enterprise Ireland is a government agency responsible for the development and growth of Irish companies operating in the manufacturing and internationally traded services sectors.

Bruton said: “The Health Innovation Hub was identified as a Disruptive Reform in the Action Plan for Jobs and I am delighted that we have now progressed to establishing the hub at the national level.”

Varadkar said: “Often when we talk about health, the discussion only focuses on the cost to the exchequer. If you look at things in the round, health actually makes an enormous contribution to the economy. More than 100,000 people are employed in the public health sector and as many again with private healthcare providers, insurers, pharmaceutical companies, medical devices, and in research and development.”

See more from this Government Report: Ireland

Back

Copyright Mawsonia Limited 2010. Please don't cut articles from www.globalgovernmentventuring.com or the PDF and redistribute by email or post to the web without written permission.