Northern Health Science Alliance strikes deal to attract Singaporean medtech companies to the UK
The deal will see new avenues opened up between medtech companies in the North of England and Singapore
The Northern Health Science Alliance (NHSA) has partnered with Zicom MedTacc in Singapore in a strategic deal that will see companies come to the North of England when developing and internationalising new medical technologies.
Northern medtech diagnostic and digital health companies will be able to use our strategic partners in Singapore as a launching pad into the Singaporean and wider Asia Pacific markets, both of which are growing phenomenally quickly
A memorandum of understanding (MOU) has been signed between the two organisations which will see Singaporean medtech companies coming to the region, through the NHSA, for their British clinical validation and economic impact assessments.
This relationship will provide the North with access to innovative new technologies and treatments and will help support the growth of the region’s already-thriving medtech sector.
The long-term aim is to support high-skilled jobs and investment in the Northern region which has seen health innovation identified nationally as a key economic strength.
Dr Hakim Yadi OBE, chief executive of the NHSA, said: “We have been working with Zicom MedTacc for the last two years. This MoU formalises our existing working relationship and will support us in establishing a more-enduring partnership.
“This partnership offers practical commercial opportunities for both medtech companies and life science researchers in Singapore as well as in the North of England.
“We hope it encourages collaboration between the two countries which will enable companies from both geographies to expand into their reciprocal international markets.
“This means Northern medtech diagnostic and digital health companies will be able to use our strategic partners in Singapore as a launching pad into the Singaporean and wider Asia Pacific markets, both of which are growing phenomenally quickly.”
The NHSA is an alliance of the top eight universities, NHS teaching trusts, and four Academic Health Science Networks in the North of England covering a population of 15 million.
Zicom MedTacc is a part of the Zicom Innovations Group, an Integrated Medtech company with decades of engineering, regionalisation and manufacturing expertise.
Zicom MedTacc chief executive, Sim Kok Hwee, said: “We have forged a close partnership with the NHSA and are confident, through the NHSA, we will be able to help Singaporean healthcare and medical technology companies which are interested in establishing a presence in the North of England.
“Likewise, we are delighted to be able to provide support to UK companies coming to Singapore to explore opportunities, be it research and clinical collaborations or as a launchpad for breaking into the Singapore or other Asian markets.
We are delighted to be able to provide support to UK companies coming to Singapore to explore opportunities, be it research and clinical collaborations or as a launchpad for breaking into the Singapore or other Asian markets
“We look forward to more companies in both countries being able to expand their global footprint via such collaborative efforts between the NHSA and Zicom.”
And Peter Ellingworth, chief executive of the Association for British Healthcare Industries, added: “The Government has highlighted the importance of international trade in ensuring the success of Brexit.
“Support for UK HealthTech companies will enable access to emerging markets and we look forward to working with NHSA on international activities to deliver this.”