Innovation and Commercialisation
Scotland is a world-leading entrepreneurial nation – a CAN DO place for business, and the Scotland Can Do: An Innovation Action Plan outlines the national priorities for innovation. In the Scottish Life Sciences sector, our priorities for action will include capitalising on the work of the innovation and excellence centres, supporting scale-up operations to maximise the impact on our economy, and growing and strengthening our entrepreneurial base.
- Drive growth through collaboration to commercialise the output of innovation and excellence centres – We will support and facilitate development and deployment of commercialisation strategies for key centres for innovation and research excellence. We will work across the sector to transfer know-how and facilitate exploitation of existing intellectual assets into sustainable production.
- Improve on the current ecosystem to maximise economic growth and create more companies of scale – We will ensure Scottish businesses have both the infrastructure and support required for scale up; we will support the engagement of Scottish companies with recognised international investors to generate larger deal opportunities; we will build on the Health Innovation Partnership model to develop and pilot Scottish innovation and increase awareness of the health technology assessment process.
- Attract, develop and retain entrepreneurial leadership across academia, the health service and industry – We will encourage and reward the entrepreneurial flair of our business, academic and clinical leaders, nurturing the serial entrepreneurs who will continue to contribute to the growth of the sector. We will create a more supportive environment for entrepreneurs; enabling the transfer of key individuals between industry and academia to create a seamless flow of ideas and experience across the sector.