The UK ecosystem has seen much success thanks to its interconnectedness and the use of a team science approach. UKRI has worked to strengthen these qualities by building hubs of expertise and requiring engagement as a key element in most funding pots and initiatives.
However, this requirement is often not fully met, with underqualified staff, insufficient resources, and insufficient planning leading to multi-million pound R&D and capabilities programs failing to continue beyond their funding end date.
At Ignite, we can help you avoid this outcome by developing and implementing engagement plans to ensure ongoing private funding and interest, bringing prosperity to both the nation and your organization. With the right approach, we can help ensure the success and sustainability of your programs.
We have a unique perspective on new medicines and life sciences innovation due to our involvement with governmental organizations and interactions with hundreds of innovators in the field each year. Many of these innovators go on to establish successful, funded start-ups, allowing us to identify and develop translatable research at its earliest stages, often before the innovators themselves are aware of its potential.
This is particularly important in the current climate, as academic institutions are increasingly looking to commercialisation to generate income and competition for truly novel innovation in the UK continues to grow with the entry of US venture capital.
To identify potential innovations, we engage with the research ecosystem in areas of interest and align them with your discovery or venture pipelines. Additionally, we embed ourselves within your organisation to identify internal resources, expertise, and innovation that can be aligned with translation pipelines, and directly engage with innovators to identify translatable research that can be moved towards commercialisation.
Developing life science innovations is a multi-year, high-cost process that is often undertaken without a clear understanding of the end use, leading to wasted time and resources and project failures.
By providing better training on the commercial aspects of translating science, we can improve the use of R&D expenditure and increase the likelihood of successful translation of research into practical applications, bringing benefits to both health and wealth in the nation.
We can set up, develop, and deliver a customised, organisation-branded program through a learning management system (LMS), including portfolio-based assessment and specialized guidance and feedback to improve the skills of researchers.
All learning outcomes and assessment criteria will be based on core skills and competencies to ensure that researchers develop the abilities needed to support translational research and the commercialisation of viable research.
Many innovations are limited in their potential due to inadequate business development. This is compounded by a shortage of skilled business development professionals who can work with early stage innovation in the UK.
We can help you understand your innovation, evaluate its potential market fit, identify the most appropriate customer groups to target, and test these hypotheses through market research. We can also improve the performance of your BD team.
Through these efforts, we have consistently been able to more than double the sales of units we work with within a year.
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