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Healthcare IT

NZ to form national health innovation hub

By Adrienne Valdez | 23 September 2011

To form a better link between the health technology sector and the health service, Economic Development Minister David Carter and Health Minister Tony Ryall announced the government’s plan to establish a national health innovation hub.

The hub will be based within a core group of District Health Boards – Auckland, Counties-Manukau, Waitemata and Canterbury, with a projected cost of around NZ$24 million over five years, with the government committing NZ$3 million to the project and the balance made up from a mix of public and private sources.

Accordig to Ryall, “Many companies in our health sector are renowned for their innovative products, such as advanced communication technologies and medical devices. The innovation hub will help them take their ideas even further.”

The hub will assist with developing health technology ideas generated by clinicians and companies into business propositions, products and services.

“New Zealand’s health technology industry currently generates $1.8 billion in annual revenue but there is plenty of room for growth,” Carter said in an official statement.

“The new hub will be a catalyst for innovative ideas coming from our health technology sector. It will streamline links between the health service and industry, spread new products and ideas and commercialise intellectual property.”

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