Improving business productivity, performance and profitability
- Published: Tuesday, 10 May 2016 08:56
- Written by University of Leeds
Through commercialisation of its research and creation of Knowledge Transfer Partnerships, the University of Leeds is making a real impact fostering growth, innovation, and competitiveness in UK businesses.
Commercialisation of research
The University has a strong track record in taking technologies to market and supporting spin-out companies. Access to a range of entrepreneurs and venture firms have helped achieve this, such as Leeds’ long-standing partnership with IP Group plc, an intellectual property business investing in technology companies.
Getting to the heart of the matter
Research from the University underpins the work of Quantum Imaging Ltd, a company developing technology that looks set to change the way that heart disease is diagnosed.
Using quantum information principles, researchers developed a non-invasive test to accurately detect and display minute magnetic signals that are present in both healthy and diseased organs.
The portable, medical imaging device can help diagnose a range of potentially life-threatening medical conditions, including heart attacks.
“Magnetocardiography is the first new cardiac imaging modality since MRI and could well be a game changer. Now the equipment is smaller and more mobile, its potential is huge.” Professor Mark Kearney, University of Leeds and Chair of Cardiovascular and Diabetes Research at the British Heart Foundation.
The University’s Medical Technologies Innovation Knowledge Centre supported the initial proof of concept, before the IP Group made significant investment to help establish Quantum Imaging Ltd and develop the technology.
“Conservative estimates suggest that the total available market in Europe for such a cardiac triage device would be around £700m, and globally in excess of £2bn. These estimates don’t take other diseases into account.”
Steve Parker, Quantum Imaging CEO.
Knowledge Transfer Partnerships
Leeds has a long history of successful Knowledge Transfer Partnerships – or KTPs – and recently celebrated its 100th partnership.
“Reaching the milestone of 100 KTP projects is testament to the research strengths at Leeds. Companies recognise the relevance of our expertise and the competitive edge it can give their business.” Professor David Hogg, Pro-Vice-Chancellor for Research and Innovation.
Big data improves the cancer patient’s journey
A KTP with electronics giant Philips is helping develop its diagnostic technologies.
Designed to support patients undergoing chemotherapy, a remote Minicare Home Monitoring service gives oncologists regular access to health assessment results while patients recover at home.
The KTP analyses big data from a clinical database to map out the patient journey, offering new insights into patients at highest risk during treatment. The aim is to provide timely and potentially life-saving interventions, as well as improve the cost of care by reducing unplanned hospital admissions.
New data analytics and informatics modelling skills are now embedded in the Philips team and the KTP Associate has been recruited into Philips to support the service launch and roll out to health care providers. The project underpinned the award for a new £7m MRC Bioinformatics Centre at Leeds.
Dr Malcolm Luker, Philips, Said:
“I’ve been astonished at how much has been achieved and the new knowledge that has been gained. We are now on the cusp of product and service implementation which is eagerly anticipated by the NHS England National Director of Cancer Care.”