Trade & Investment

Unlocking Global Opportunities in Healthcare Innovation

At Health Innovation North East and North Cumbria (HI NENC), we’re committed to driving economic growth and advancing healthcare outcomes by opening doors for innovators and companies in the healthcare sector. By facilitating import and export opportunities, we’re positioning the North East and North Cumbria as a global hub for healthcare innovation.

Attracting International Investment

We work closely with international companies looking to establish a presence in the UK. By setting up offices in the UK, particularly in the North East and North Cumbria, these companies can access a wealth of resources, including skilled talent, funding, and strategic partnerships. Our efforts are focused on making the North East and North Cumbria the go-to destination for these innovators, providing them with everything they need to succeed.

Through our collaboration with the Department for International Trade (DIT), we help these companies navigate the complexities of the UK market, with a special emphasis on understanding the National Health Service (NHS) as a key market. This includes offering tailored support through our innovation service, which is designed to help overseas companies grasp the intricacies of the NHS and position themselves effectively.

Supporting UK Innovators in Global Markets

For UK-based innovators and companies, expanding into international markets can be a crucial step in their growth journey. We work closely with regional and national partners to link these innovators to export opportunities, providing guidance on which markets to explore before targeting the NHS. This is particularly relevant in fields like medical devices, where international markets might offer more immediate opportunities.

Trade Missions and International Collaborations

Our trade missions are a cornerstone of our support strategy. We organise and lead missions that bring UK innovators to key international markets, fostering connections that can lead to investment, partnerships, and expansion. A trade mission in Romania saw Mistura co-founder, Dr Dawn Price explore the collaboration opportunities for their innovation as part of a regional delegation to the country.

Dr Dawn Price was previously part of a team of pharmacists and doctors from the UK who helped develop mental health systems overseas in Australia and New Zealand. However, she found that this expedition lacked the opportunities a trade mission can allow for.

Speaking to HI NENC Chair, Dean Fathers on the Innovation in Healthcare podcast she said that;

“becoming part of a trade mission where you can be introduced to the right people and understand the infrastructure from a perspective of a business was the ideal opportunity that came along at the right time and of course medicines is the same all over the world, slightly different names, but they are the same medicines.”

On the trade mission, they met hospital leaders, researchers at Romania’s universities and business leaders in medtech and healthcare innovation. Meeting these three groups allowed Mistura a better understanding of how they might be able to meet the country’s needs whilst also providing the company with invaluable visibility.

We also facilitate exchange programs, such as our collaboration with Canada, where participating companies have had the opportunity to set up offices in the UK.

Success Stories and Collaborations

Our efforts have led to successful outcomes for various innovators. For instance, our involvement in the Romania trade mission helped establish key partnerships, and we are currently working to bring companies like Microbera to the North East and North Cumbria.

We also support large companies, not just SMEs, in their efforts to import and export. By connecting them with regional organisations such as the Local Enterprise Partnership (LEP), we help these companies access the funding and resources needed to establish a strong presence in the UK.

Get Involved

If you’re an innovator looking to explore import or export opportunities, or if you want to learn more about how HI NENC can support your growth, we encourage you to reach out. Whether you’re interested in participating in a trade mission, setting up an office in the North East and North Cumbria, or understanding how to navigate the NHS market, our team is here to help.

For more information, contact us today to discover how we can help you unlock global opportunities in healthcare innovation.