Developed four years ago to celebrate and reward medical ideapreneurship, the annual awards are recognised within the industry as the most sought after healthcare accolade. The Innovation Awards allow healthcare professionals to suggest and implement improvements to medicines, patient care, and to ensure efficient use of NHS budgets.
The winners will be announced at the prestigious awards ceremony on 14th June in central London hosted by Joanna Lumley OBE and Rory Bremner. Over 750 guests will attend the charitable dinner, in aid of SANE, an organisation that helps provide information and support for people and their families with mental illness.
The awards boast an esteemed panel of world-class judges including: leading healthcare experts such as Sir Magdi Yacoub, pioneer of the heart and lung transplant; Baroness Susan Greenfield, Professor of Pharmacology at the University of Oxford; and Sir Richard Sykes, former Chairman and CEO of GlaxoSmithKline and currently Rector of Imperial College. Complemented by business experts, such as Sir Victor Blank, Chairman of Lloyds TSB Group Plc; and Sir Michael Sherwood, Chief Executive of Goldman Sachs, the panel is Europe's leading Think Tank on health & business innovation.
The judging process itself saw medical innovators pitching their ideas to the panel of experts in a Dragon's Den style to prove they have what it takes to launch the next breakthrough in healthcare innovation. The 32 winning medical innovations range from doctors, scientists and small businesses.
Those short-listed for the Innovations Awards include:
- A new diagnostic to speed up the treatment of breast cancer
- A needle-less injection system to deliver drugs
- An electromagnetic treatment to cure depression without drugs
- A contact lens for the hearing impaired to improve hearing in noisy areas
- Mirror glasses that can help stroke sufferers
- A colourful way to help children come to terms with cancer
- A cure for elderly dehydration
- A magnetic hip replacement that doesn't wear
- A sensory fabric to assist those with disabilities
- Football teams for people suffering with mental illness to bridge the gap between the transition from hospital to community
- A blood test for mental illness
- A new resuscitation machine that can save lives
- A camera that can see through cancers
- State-of-the-art NHS services to save lives during major surgery
- Nanotechnology bypass grafts for heart surgery
- A wrist watch for epileptic fits
- An electronic tracking system for cancer patients
Awards Judge, Baroness Susan Greenfield comments: "The Medical Futures Innovation Awards make me proud to say that the next generation of people and products that will keep us as a world-beating country in this sector are alive and kicking. Everyone who has entered the Innovation Awards deserves recognition for their commitment to their ideas, technologies and skills."
Andy Goldberg, founder of Medical Futures adds: "The Judges had the difficult task of assessing ideas at all stages of development on a level playing field. Essentially, their decision was based on three things: impact on patient care, novelty, and commercial viability".
He continues, "New medical technology is an underutilised segment of the investment market. 9 out of 10 of the largest medical technology companies are US-based, yet the UK produces some of the world's best ideas. Medical Futures has demonstrated a strong pipeline of innovations set to become the next high growth area and prove that the UK can be a world beater."
Award sponsors include: Abbott Laboratories, Boston Scientific, the Department of Health; Johnson & Johnson, McKinsey & Company, the Medical Research Council; Partnerships in Care, Procter & Gamble, and Sanofi-Aventis.Further details can be found at www.medicalfutures.co.uk