MedCity: yet another string to London’s bow as an Innovation hub
MedCity aims to join the ranks of TechCity, EduCity and FinTech in aspiring to make London an innovation Super Centre, where all sorts of different experts in each field work intimately together to foster new businesses – like Silicon Valley.
The Mayor of London has just added a new 20-year vision for London. And contributed £4.1mn to it. MedCity will position London and the greater south east of England as a world leading, interconnected region for life science, research, development – manufacturing and commercialisation. It will provide a “go to” point for businesses and investors, whether global or local, to understand, access, invest in and collaborate with life sciences activity across the region.
The aim is to build a more entrepreneurial culture – championing new areas of collaboration, and fostering a commercial mind-set in the research and clinical community; and creating and promoting a joined up and globally distinctive life sciences offer, meeting the needs of customers and ultimately benefitting patients.
It will achieve this through understanding, communicating and promoting the internal capabilities within London and the greater south-east, enabling customers to readily access the science and industrial excellence available .
It will aim to be a portal to access the Life Sciences communities within London and the greater south-east.
It will encourage and facilitate entrepreneurial activity through collaboration, networking, events and seeding activities – bringing investigators, industry and the finance community together. While the focus will be on life sciences, other opportunities will be actively sought out in order to bring together new groups of people, building on parallel initiatives such as TechCity . It will be an advocate and an ambassador for the life sciences.
There is as yet no indication of how these aspirations will be met and how the cash will be used, but co-working and co-mingling are surely of the essence to collaboration.
John Whatmore June 2014