Enterprise Ireland and a wide range of Irish life sciences companies have been attending the Medical Innovation Summit at the Cleveland Clinic for several years now, and despite super storm Sandy, 2012 would be no different.
The 10th annual Medical Innovation Summit took place at the end of October in Cleveland, Ohio and although the subject matter changes annually, the caliber of discussion, attendees and networking opportunities remains strong.
Irish companies such as X-Bolt Orthopaedics are an example of an Irish company with an innovative solution in the orthopaedic space – but with key opinion leaders, surgeons and decision makers from all areas of the US health care system attending the summit, Irish software, health technology, tele health and service companies all travelled to Cleveland, Ohio.
Despite the political gain associated with making references to the state of Ohio in the recent Presidential race, it should not be seen as a surprise that both President Obama and the challenger paid homage to the Cleveland Clinic in the first debate. Renowned for its efforts in technological innovation, the Cleveland Clinic was once described as the “Toyota factory” of the US health care ecosystem by Newsweek. With an annual spend of $450 million on research and development – over 20% of their entire expenditure – it is easy to see why the Cleveland Clinic could be considered as the innovation epicenter of the US health care system.
There was no doubt that the summit was an innovation epicenter for the duration of the summit this October.
The event began with a special break-out session for the delegation of Irish attendees in the Global Cardiovascular Innovation Center– a location where Irish companies Rigney Dolphin, Creganna-Tactx Medical and Proxy Biomedical have used to launch their US activities, increase exports to the US and ultimately create employment back in Ireland.
This year, the special breakout session for Irish attendees centered around a discussion on the purchasing process at large medical centers from Sean Lyden, MD, Chief Medical Officer for Supply Chain Management at the Cleveland Clinic.
Reduce cost, increase access and improve quality – the holy trinity for anybody involved in purchasing in the US health care industry. As far as the Cleveland Clinic or any other large medical center is concerned, if a vendor cannot demonstrate at least two of these features in their solution, then succeeding in the US is almost impossible.
While many Irish companies in the past have focused on a finding a large medical center as their first reference customer in the US, it is widely recognized that selling into such organizations can be a complex and time-consuming process. Ohio-based, management consultant Mark Saffran argued that targeting critical access hospitals, rural health clinics, nursing homes and assisted living centers are all alternative market-entry strategies that Irish companies should consider when looking at the US health care system.
With the special breakout session complete, over 1,000 CEOs, venture capitalists, innovators and health care leaders ascended on Cleveland for the start of the main summit.
With a dedicated exhibition space and platinum level sponsor exposure, Enterprise Ireland’s participation in the Medical Innovation Summit allows Irish companies to identify new business, partnership and collaboration opportunities.
Higlights of the summit included addresses from Kevin Lobo, CEO of Styker, Omar Ishrak, CEO of Medtronic and David Dvorak, CEO of Zimmer. Not to be outperformed by some of the leaders in orthopaedic technology, Watson – IBM’s supercomputer capable of answering questions posed in natural language – made a triumphant return to the Cleveland Clinic Medical Innovation Summit after devouring a number of leading cardiovascular surgeons in a game of Jeopardy! last year. This time Watson was back to announce that he will be attending medical school in an effort to learn everything your doctor knows and more. Primary care physicians everywhere beware…
Pictured above is the Bank of America Conference Center in the InterContinental Hotel on the Cleveland Clinic campus.
Looking at where VCs are putting their money is an easy way to identify sectors with perceived growth potential. The Affordable Care Act (known affectionately as “Obamacare”); a new additional 2.3% medical device tax; and continued uncertainty about the FDA approval process has led to big drop in VC funding dollars in the US life sciences industry in 2012. In fact, PwC have estimated that the medical device industry is down 30% in VC funding dollars and 22% in VC deals in Q2 2012 compared to the same period in 2011.
Remarkably, it does not seem that these challenges have impacted digital health, connected health, health technology or whatever term you might prefer to use. At the Health 2.0 San Francisco Fall event, the digital health accelerator RockHealth declared that VC funding dollars had increased by 70% and that VC deals had increased by 84% in Q3 2012 compared to the same period in 2011.
So it should not be surprising that when Governor of Massachusetts, Deval Patrick proclaimed that the third week in October would be known as “Innovation Week” in Boston that it was centered around two large health technology events.
The focus on the role of technology in healthcare began with a two-day event in the Massachusetts State House. The extensively named, “EU-US eHealth Marketplace & 2012 Transatlantic Health IT/eHealth Cooperation Assembly” was organised by the European Connected Health Alliance (ECH Alliance), the Northern Ireland Massachusetts Connection (NIMAC) and EU Commission. Essentially, the purpose of the event was to encourage the development of collaborations between the US and Europe in the area of connected health.
Among the attendees with a link to Enterprise Ireland were Irish companies SilverCloud Health and Cara Wellness whom exhibited and pitched their offerings at the assembly of 300 health tech executives, financiers, policy makers and health tech enthusiasts.
Headquartered in the National Digital Research Centre in Dublin, SilverCloud Health has a platform that allows healthcare providers and organisations to rapidly introduce health and wellness programs to their clients.
Through the collaboration of CASALA, ADA and Rigney Dolphin; CARAwellness has a technology that allows users gather information about their health from several technology sources so that they can keep an eye on their wellbeing and allow them share it with their carers. CARAwellness are able to do this through the use of medical technology, such as blood pressure cuffs, weight scales and sensors.
It was not just Irish health tech companies represented though – to promote eHealth Week 2013, Ciaran Cannon, T.D., Minister of State for Training and Skills concluded the two-day seminar with an invitation to all participants and their peers to come to the new convention centre in Dublin next May for the event – one of many conferences coinciding with Tourism Ireland’s “The Gathering 2013”.
Next up was the main event, the Connected Health Symposium 2012 presented by Partners HealthCare – the not-for-profit health care system that was founded by Brigham and Women’s Hospital and Massachusetts General Hospital.
The Connected Health Symposium prides itself on being the place where healthcare and technology collide – and they’ve been colliding annually for 9 years now in Boston. The discussions ranged from the policy driving “meaningful use” to discussions on how Americans are embracing solutions for health and wellness voluntarily – an estimated 60% of US adults are tracking their weight, diet or exercise routine voluntarily (albeit about half of these engaged Americans are what Susannah Fox of the Pew Internet & American Life Project described as “self trackers” – those who track their health using the popular “skinny jeans test”).
There’s a lot happening in health tech in the US at the moment and next year at eHealth Week 2013 in Dublin, Ireland Inc. will have its opportunity to showcase what the Irish health tech community can bring to the table.
Picture above is the main hall in the Massachusetts State House at the EU-US eHealth Marketplace & 2012 Transatlantic Health IT/eHealth Cooperation Assembly.
In October 2012, the Taoiseach, Enda Kenny TD, participated in a two day Enterprise Ireland programme to visit a number of Irish life sciences companies in Philadelphia and Cleveland.
The programme began with the official opening of Zenith Technologies’ new US headquarters in Philadelphia. With its global headquarters in Ireland, Zenith Technologies provides automation and manufacturing execution systems (MES) engineering services to the life sciences industry.
Speaking at the event, the Taoiseach acknowledged that Zenith Technologies and other leading high-technology companies supported by Enterprise Ireland would continue to drive export growth, underpin Ireland’s economic prosperity and support valuable Irish jobs in the future.
Also in attendance at the official opening of Zenith Technologies’ US headquarters were Allyson Schwartz, the U.S. Representative for Pennsylvania’s 13th congressional district; and Kate Harper and Brendan Boyle – both members of the Pennsylvania House of Representatives.
The event in Philadelphia was followed by a visit to the Cleveland Clinic where it was announced that the Irish-based company, i360medical has formed a strategic partnership with the Cleveland Clinic and its Innovation Alliance. Through the partnership, i360medical will represent the European wing of Cleveland Clinic’s Innovation Alliance programme which includes North Shore LIJ, MedStar Health, Promedica and Notre Dame.
Derek Young, founder and CEO of i360medical noted that the collaboration would facilitate the commercialisation of technology and innovative ideas in the healthcare industry using Ireland as a launch pad for emerging companies.
Enterprise Ireland has a long established relationship with the Cleveland Clinic, and the partnership between i360medical and Cleveland Clinic is the result of introductions brokered by Enterprise Ireland.
Speaking at an event in Cleveland Clinic, the Taoiseach said: “I strongly welcome this latest successful outcome of the relationship that exists between Ireland and the Cleveland Clinic. Healthcare and life sciences is a sector that holds particular potential for growth and job creation and is a key sector in the Government’s Action Plan for Jobs. This latest alliance is further endorsement of the international calibre of Ireland’s indigenous healthcare sector. The Government, through Enterprise Ireland, is keen to support and promote more strategic international collaborations such as this one to enhance innovation and generate break-through research. I trust that this will be a mutually beneficial alliance for both i360 Medical and Cleveland Clinic that will yield significant benefits for both organisations.”
The Taoiseach also met with a number of other Irish life sciences companies supported by Enterprise Ireland that have established a relationship with the Cleveland Clinic.
Pictured above from left to right at Cleveland Clinic: Dominic Considine; Richard Stack, M.D. Managing Director of Synergy Life Sciences Parnters; An Taoiseach, Enda Kenny TD; Derek Young, Founder and CEO of i360medical; Christopher Coburn, Executive Director of Cleveland Clinic Innovations; and Frank Ryan, Chief Executive Officer of Enterprise Ireland.
QUMAS – Complimentary Life Sciences Seminar
Implementing Compliance & Quality Management for Partner Collaboration Across Life Sciences
The Westin Princeton, Forrestal Village, New Jersey September 20, 2012
Join QUMAS for a complimentary seminar on “Implementing Compliance & Quality Management for Partner Collaboration across Life Sciences”, at The Westin Princeton at Forrestal Village, New Jersey, on September 20, 2012.
The seminar will focus on;
- The Growing Business Demands for Collaboration across the Life Sciences Industry
- Potential Regulatory, Operational and Reputational Impacts of Uncontrolled Collaboration
- How to Achieve Collaboration Maturity across the Enterprise, including Regulatory Affairs, Quality Assurance, Manufacturing and Supply Chain
- Technology and Validation Solutions for Addressing the Compliance Challenges Raised by Collaboration
The agenda will feature senior executives from the following organizations:
8:00 – 8:30 – Registration & Continental Breakfast
8:30 – 9:15 – Managing Compliance as Collaboration & Outsourcing Increase across the Life Science Industry, Kevin O’Leary, CEO QUMAS
9:15 – 10:00 – Global Trends in Life Sciences: Addressing Collaboration and Quality Challenges, Matt Littlefield, President and Principal Analyst, LNS Research
10:00 – 10:30 – Coffee Break
10:30 – 11:15 – CIO Insights: Implementing Compliance and Quality Management Across the Enterprise, Joe Rutz, CIO, Alvogen
11:15 – 11:45 – Implementing Compliance & Quality Management across the Enterprise, Murtuza Vasowalla, Director, Global Solutions Consulting, QUMAS
11:45 – 12:30 – Best Practice Recommendations for Implementing Quality Solutions and Validation Implications for On Premise and Cloud Based Systems, Ray Glemser, President, Glemser Technologies
12:30 – 1:30 – Lunch
1:30 – 2:00 – Microsoft for Life Sciences: Enabling Collaboration, Les Jordan, Chief Technology Strategist, Microsoft Life Sciences
2:00 – 2:30 – Compliance Made Easy with QUMAS & Microsoft SharePoint 2010, Murtuza Vasowalla, Director, Global Solutions Consulting, QUMAS
2:30 – 2:45 – Executive Summary, Kevin O’Leary CEO
2:45 – Expert Panel – In-depth Q&A Session
Demos Available On Request
Please email email@example.com if you would like to schedule a detailed demonstration tailored to meet your specific requirements or focused on one of the following topics:
- Moving from a Legacy EDMS, including migration and implementation
- SOP Management & Collaboration
- CAPA, Deviation, Change Control
- QUMAS ComplianceSP as your QMS
Evening Dinner Invitation
QUMAS will be hosting a dinner in Princetonon on the evening of September 20, 2012 and would be delighted if seminar attendees were available to join us. Please indicate on the registration form if you are available to attend.
Please click here to register
Please click here to download the seminar invitation
For more information, please see:
QUMAS is the leader in Compliance and Quality Management Solutions for the Life Sciences industry, with more than 260 global customer deployments and domain expertise in regulatory compliance since 1994.
Launching today is a new online resource directory for tech companies entering the US market. TechResources.us provides Irish technology companies doing business in the US with trusted and up-to-date information and connections to essential in-market resources, services and supports. These include accelerators, professional services providers, networking groups, investors, co-working spaces, conferences, online resources and academic research centres.
At the launch Nick Marmion, Head of Software with Enterprise Ireland’s Americas team said:
It can be challenging for Irish companies to find relevant and trusted resources using an online search so we’re offering clients this tailored directory as a starting point. The aim of the directory is to help Irish companies to understand and connect with the market before they even leave Ireland.
From there, Enterprise Ireland’s team in America can help clients to hone their market entry strategy and introduce them to the decision makers and relationships they’ll need to accelerate their growth over time”.
The directory was developed by MarketSprint, a market entry consulting firm based in New York and has been customised specifically to the needs of Irish technology exporters.
There are currently over 1,600 qualified resources in the TechResources directory and users can search by location, vertical market or resource type and refine their search using keywords. Directory entries are enhanced with one-click connections to key people or communities via Linkedin, Twitter, phone or email.
In addition to offering clients quick access to market knowledge, the TechResources directory encourages Irish tech companies to share their knowledge and expertise with each other.
As Nick explains:
Clients can use the directory to share their own favourite US resources, and they’ll get credit for doing so. This is an opportunity to create a community of Irish knowledge around the practical resources needed for US market entry.
Access to the directory requires a sponsor code. To get yours please email Request@TechResources.US using your company email address.
Enterprise Ireland are delighted to announce our participation at the Microsoft Worldwide Partner Conference 2012 which takes place in Toronto from July 8th to 12th and provides a forum for companies to connect with Microsoft channel partners and with Microsoft staff, and to learn about the latest Microsoft programs, strategies, and cutting-edge technologies.
You can visit Digital WPC to find everything you need to know about the event.
Twelve to Fifteen Enterprise Ireland client companies are being offered the opportunity to participate in an ‘Ireland @ WPC’ stand at Microsoft WPC 2012. This is the second Enterprise Ireland participation at WPC and we are keen to build on last year’s success.
The Enterprise Ireland subsidised cost of participation at Microsoft WPC 2012 is €2,450 + 23% VAT per company.
1) 1 Full Conference Pass (access to all areas) & Access to Microsoft Connect,
2) Stand Participation: Logos on backdrop, flyers on stand, Use of stand & EI PR,
3) Channel Partnering Workshop, 7th July
•How to sell to Channel partners
•How to better partner with Microsoft
4) Networking Reception for clients, partners and prospects. Monday 9th
5) Pre & Post Event Marketing to Press and Attendees
6) Advance Assessments (To be completed in April/May):
•International Expansion Readiness Assessment
•Partner Channel Building Readiness Assessment
•Ideal Partner Profile definition template
•Partner Value Propositions definition template
•Competitive SWOT & differentiator’s analysis template
The competition for space on the Ireland Stand at this show will be intense so early registration is advised. Places will be allocated to qualified client companies on a first come, first served basis.
You can register at;
The deadline for online booking will be Monday 30th April 2012.
If you have further questions please get in touch; firstname.lastname@example.org