MedTech to follow Circular Technology and Smart Industry
In March, the ministries of Economic Affairs & Climate Policy and Education, Culture & Science gave the green light to TTT MedTech. In this consortium, the four technical universities (4TU) combine their strengths with three medical academic centers and venture capitalist Innovation Industries. Their joint goal is to help bring medical technology (medtech) solutions to market faster and further expand the excellent international position of the Dutch medtech sector.
Technological innovations are desperately needed in order to keep health care affordable, qualitative and staffable. However, medtech spinoffs face an exceedingly complex and difficult path to market. The Knowledge Transfer Offices (KTOs) of Delft University of Technology, Eindhoven University of Technology, the University of Twente and Wageningen University & Research are collaborating with the KTOs of Erasmus MC, RadboudUMC and Maastricht UMC and VC fund Innovation Industries to develop a national and open program.
Roy Kolkman, manager of the University of Twente’s KTO, is looking forward to the launch of TTT MedTech. “With this investment from the national government, we are creating an excellent foundation for medtech spinoffs in the Netherlands. Providing the right knowledge and expertise reduces the risk of failure and shortens the time to market.”
“We can develop stronger propositions by combining the strengths of the UMCs and the TUs,” says Thijs Spigt, KTO director at Erasmus MC. “The knowledge and experience available within the consortium lead to faster validation and a better business proposition. We focus extensively on the clinical demand, technical feasibility and business development.”
Expanding the lead
“The Netherlands plays a leading role in the development of new technologies. However, bringing these to market is a major challenge. We are investing in this consortium and are doing everything we can to make sure it is successful. Besides capital, we are making an important contribution with our knowledge, experience and network,” says Pleuni Hooijman, fund manager at Innovation Industries.
Thematic Technology Transfer
In this second tender, the ministries of Economic Affairs & Climate Policy and Education, Culture & Science are spending a total of €24 million to bring knowledge from research to market and society more effectively. The money is being divided among three consortiums of knowledge institutions and a venture capitalist working on the themes of medtech, artificial intelligence and water technology. They will each receive €8 million. The Netherlands Enterprise Agency and the Dutch Research Council selected the consortiums.