Image: NEC Corporation of America [CC BY 2.0], via Flickr
The healthcare branch of the Small Business Research Initiative, a programme that funds small companies to develop products for unmet needs in public organisations, has helped the NHS save tens of millions, according to a review.
The firm PA Consulting looked at the impact of eight projects supported through SBRI Healthcare and concluded that they had delivered a total of between £24.6 million and £30.1m in savings for the NHS and other public organisations from 2013 to July 2017, with recurring annual savings running at £19m.
According to the report—SBRI Healthcare: A review of the benefits of the Small Business Research Initiative in healthcare—the projects also attracted £122m in private investment and created 285 jobs.
This article on Research Professional News is only available to Research Professional or Pivot-RP users.
Research Professional users can log in and view the article via this link
Pivot-RP users can log in and view the article via this link.