NatWest and the Precision Well being Applied sciences Accelerator (PHTA) are partnering to spice up entrepreneurship within the well being and life sciences sectors, with the purpose of supporting the expansion of the sectors throughout the West Midlands.
The partnership will see NatWest’s enterprise constructing Accelerator scheme hyperlink with PHTA to help entrepreneurs and small companies within the life science sector.
PHTA is the College of Birmingham’s flagship facility devoted to translational well being analysis, which is able to quickly be based mostly at Birmingham Well being Innovation Campus (BHIC). The campus is the Midlands’ solely science park devoted to life sciences analysis and is delivered in partnership between the College and Bruntwood SciTech.
The life science sector seems for progressive options to sort out healthcare issues, together with new medical expertise similar to self-administered remedies, knowledge pushed medical trials and the event of latest medication that may be tailor-made to the person.
In keeping with authorities knowledge, the life sciences sector generates round £80.7 billion turnover nationally, with 6,300 enterprise throughout the UK, together with greater than 550 within the West Midlands, which can also be the most important medical machine cluster within the UK.
The collaboration will assist to ship NatWest’s ambition of supporting start-ups, high-growth companies, and the broader economic system by working in collaboration with like-minded establishments.
The partnership will see NatWest and PHTA work to collectively help the area’s entrepreneurs, giving them entry to labs and expertise, a variety of medical analysis, trials, and well being knowledge.
Entrepreneurs may even obtain enterprise constructing recommendation from NatWest and sector specialists and training on all elements enterprise expertise, from management to pitching and discovering funding alternatives.
Professor Gino Martini, PHTA’s CEO, mentioned: “What we aspire to create at PHTA is a very multidisciplinary ecosystem the place lecturers, clinicians and entrepreneurs can co-locate and collaborate.
“Our superior suite of services has been customized to help life sciences firms to begin up, scale up and flourish. We’re eager to open discussions with companies who want to work with our key opinion leaders in an unlimited array of medical specialties, and those that are excited by the chance to collaborate with different like-minded companies for affected person profit.”
James Powell, regional enterprise director at NatWest, mentioned: “We’re extremely excited to be collaborating with PHTA and the College of Birmingham to help the broader regional enterprise ecosystem by means of this partnership.
“We all know that the area is already a hotbed of expertise and innovation in bioscience and medical expertise and there are some wonderful high-growth companies that can profit from the specialist help that this partnership can deliver. We stay up for working with PHTA as we create a vibrant partnership to help companies to thrive on this thrilling sector.”
The NatWest Accelerator hub in Birmingham is a part of a community of 13 hubs run by the financial institution to help companies to develop and thrive. The community is among the largest of its variety throughout the UK and over the previous 4 years, the programme has supported greater than 3,500 people and companies, serving to them obtain a median turnover of £301,521 and to lift £198 million in whole investments.