MedCity (London)

Last updated

MedCity (London) describes the collaboration between the Mayor of London and the capital's health science centres of three premier academic institutions Imperial College London, King's College London and University College London comprising the London part of the 'golden triangle'. [1] [2] MedCity was launched in 2014 to increase collaboration between Imperial College, King's College and University College London — the capital's three main science universities — and promote the broader 'golden triangle' between London, Cambridge and Oxford to investors. [3] [4] This collaboration is supported by HEFCE and London & Partners and works with the life sciences sector across the greater south-east of England. [5]

Contents

MedCity is funded by King's Health Partners, Imperial College Academic Health Science Centre, UCL Partners and the Mayor of London.

Main areas of work

MedCity is positioned in the centre of academic research, industry, investors and the London authority to facilitate and enable various services with a focus on providing a front door service, promote the region, develop an entrepreneurial environment and explain the market.

Front door service

MedCity acts as a ‘front door’ for businesses, entrepreneurs, investors and academics to come to when they are confused by the complex environment across the region. MedCity welcomes, directs and supports large pharmaceutical companies to digital entrepreneurs, businesses seeking research collaborations and investors looking for investment and considering setting up new funds. Tightly involved with its partners, MedCity provides signposting and relationship formation within and across the region. MedCity also provides help in finding lab, office, shared or co-located work spaces or for specialist laboratories and equipment as the greater south east offers a wide variety of options.

Promote the region

Promoting the region as a base for life science investment and growth, MedCity is London's life science representative at business, academic and charity conferences and aims at developing a wide stakeholder base for communications to attract international, trade and media interest.

Develop an entrepreneurial environment

MedCity is actively encouraging and enabling entrepreneurialism by understanding and addressing entrepreneurial barriers as well as supporting entrepreneurial activities. These include business plan competitions, angel investment workshops, pitching events for early stage funding of startups and work with various capital groups to attract funding into the greater south east.

Explain the market

MedCity enables academic/business interaction at the early stages of idea development by bringing stakeholders together to develop collaborations. Furthermore, an active field is in promoting and explaining the wide and professional clinical trial environment that London and the greater south east offers.

See also

Related Research Articles

University College London, which operates as UCL, is a public research university in London, England. It is a member institution of the federal University of London, and is the second-largest university in the United Kingdom by total enrolment and the largest by postgraduate enrolment.

<span class="mw-page-title-main">Imperial College London</span> Public university in London, England

Imperial College London is a public research university in London, England. Its history began with Prince Albert, consort of Queen Victoria, who developed his vision for a cultural area that included the Royal Albert Hall, the Victoria and Albert Museum, the Natural History Museum and several royal colleges. In 1907, Imperial College London was established by royal charter, unifying the Royal College of Science, the Royal School of Mines and the City and Guilds of London Institute. In 1988, the Imperial College School of Medicine was formed by merging with St Mary's Hospital Medical School. In 2004, Queen Elizabeth II opened the Imperial College Business School.

<span class="mw-page-title-main">King's College London</span> Public university in London, England

King's College London is a public research university located in London, England. King's was established by royal charter in 1829 under the patronage of King George IV and the Duke of Wellington. In 1836, King's became one of the two founding colleges of the University of London. It is one of the oldest university-level institutions in England. In the late 20th century, King's grew through a series of mergers, including with Queen Elizabeth College and Chelsea College of Science and Technology, the Institute of Psychiatry, the United Medical and Dental Schools of Guy's and St Thomas' Hospitals and the Florence Nightingale School of Nursing and Midwifery.

An economic development corporation ("EDC") is an organization common in the United States, usually a 501(c)(3) non-profit, whose mission is to promote economic development within a specific geographical area. These organizations are complementary to Chambers of Commerce. Whereas a Chamber of Commerce promotes the interests of businesses in a particular geographic area, an EDC typically focus on longer-term economic growth by attracting new businesses. Generally, an EDC can be found at the state level to attract business to a particular state. The state level EDC often works closely with local EDCs and may offer low interest loans, grants, tax credits and other economic incentives to attract businesses.

Imperial College Business School is the graduate business school of Imperial College London in London, United Kingdom. The business school was opened by Queen Elizabeth II. The business school's vision is "to benefit business and improve society through the power of innovative thinking."

<span class="mw-page-title-main">University of the Highlands and Islands</span> University in northern Scotland

The University of the Highlands and Islands (UHI) is an integrated, tertiary institution encompassing both further and higher education. It is composed of 12 colleges and research institutions spread around the Highlands and Islands, Moray and Perthshire regions of Scotland. UHI offers further education, undergraduate, postgraduate and research programmes which can be studied at a range of locations across the area and online. It has 31,000 students, including 19,779 further education students and 11,210 higher education students.

The golden triangle is the triangle formed by the university cities of Cambridge, London, and Oxford in the south east of England in the United Kingdom. The triangle is occasionally referred to as the Loxbridge triangle, a portmanteau of London and Oxbridge or, when limited to five members, the G5.

Sir Christopher Thomas Evans is a Welsh professor, scientist and biotechnology entrepreneur. Evans is known for founding and co-founding numerous successful biotech companies in the United Kingdom.

<span class="mw-page-title-main">Birmingham Science Park Aston</span>

Birmingham Science Park Aston, formerly known as Aston Science Park, is a science park located in Birmingham City Centre, United Kingdom. It is located adjacent to Aston University and the Eastside area.

St John's Innovation Centre (SJIC) is a business incubator in Cambridge, England. It houses a concentration of science and technology related businesses.

UCLPartners is an academic health science centre located in London, England. It is the largest academic health science centre in the world, treats more than 1.5 million patients each year, has a combined annual turnover of around £2 billion and includes around 3,500 scientists, senior researchers and consultants.

<span class="mw-page-title-main">Science and technology in Morocco</span>

Science and technology in Morocco has significantly developed in recent years. The Moroccan government has been implementing reforms to encourage scientific research in the Kingdom. While research has yet to acquire the status of a national priority in Morocco, the country does have major assets that could transform its R&D sector into a key vehicle for development. The industry remains dominated by the public sector, with the universities employing 58% of researchers. Morocco's own evaluation of its national research system – carried out in 2003 – revealed that the country has a good supply of well trained high quality human resources and that some laboratories are of very high quality. However, the greatest gap at that point of time lied in the link between research and innovation. The educational qualifications of Moroccan researchers have increased significantly since the early 1990s. The University of Al-Karaouine is considered the oldest continuously operating academic degree-granting university in the world.

The Portland Trust was established to promote peace and stability between Israelis and Palestinians through economic development. It works with a range of partners to help develop the Palestinian private sector and relieve poverty through entrepreneurship in Israel. It facilitates sustainable economic development through catalysing initiatives to build quality employment and thriving private sectors. Their work advances the growth of strong societies in Israel and Palestine based on socio-economic mobility and inclusion for minorities and marginalised groups.

King's Health Partners is an academic health science centre located in London, United Kingdom. It comprises King's College London, Guy's and St Thomas' NHS Foundation Trust, King's College Hospital NHS Foundation Trust and South London and Maudsley NHS Foundation Trust.

An entrepreneurial ecosystems or entrepreneurship ecosystems are peculiar systems of interdependent actors and relations directly or indirectly supporting the creation and growth of new ventures.

Innovation districts are urban geographies of innovation where R&D strong institutions, companies, and other private actors develop integrated strategies and solutions to develop thriving innovation ecosystems–areas that attract entrepreneurs, startups, and business incubators. Unlike science parks, innovation districts are physically compact, leverage density and high levels of accessibility, and provide a “mash up” of activities including housing, office, and neighborhood-serving amenities. Districts signify the collapse back of innovation into cities and is increasingly used as a way to revitalize the economies of cities and their broader regions. As of 2019, there are more than 100 districts worldwide.

Founder.org is a nonprofit foundation in San Francisco, California, United States that invests in student entrepreneurs. The organization features a company building program for student entrepreneurs at major research institutes and universities. Operated by a group of Silicon Valley entrepreneurs, Founder.org supports teams across various industries including sensors, sanitation, influencer marketing, biotechnology, health and transportation.

<span class="mw-page-title-main">Qatar–United Kingdom relations</span> Bilateral relations

Qatar – United Kingdom relations are the bilateral relations between the State of Qatar and the United Kingdom of Great Britain and Northern Ireland, covering a wide range of issues and activities of mutual interest.

Global Medical Excellence Cluster (GMEC) describes the business cluster model formed by premier UK academic institutions with medical centres in biomedical and related technologies and patient care with a view of forging resources and strengths towards medical innovation and healthcare improvement research. Currently, GMEC represents the largest life science bio-cluster in the world.

<span class="mw-page-title-main">Henry Royce Institute</span> UK national institute for materials research

The Henry Royce Institute is the UK’s national institute for advanced materials research and innovation. Its vision is to identify challenges and to stimulate innovation in advanced materials research to support sustainable growth and development. Royce aims to be a "single front door" to the UK’s materials research community. Its stated mission is to “support world-recognised excellence in UK materials research, accelerating commercial exploitation of innovations, and delivering positive economic and societal impact for the UK.”

References

  1. "A PARTNERSHIP » MedCity". Archived from the original on 2014-05-03.
  2. "MedCity unites the life sciences in London (Wired UK)". Archived from the original on 2015-04-22.
  3. Ward, Andrew (8 April 2014). "Boris Johnson launches MedCity to boost UK life sciences". Financial Times.
  4. "Our work - Medcity". Archived from the original on 2016-02-04.