Launched by the Mayor of London with the capital’s three Academic Health Science Centres - Imperial College Academic Health Centre, King’s Health Partners, and UCL Partners - MedCity is promoting life sciences investment, entrepreneurship and commercialisation in the greater south east region.
Its key objectives are:
- To provide a single front door and concierge service for industry and investors looking for partners, infrastructure and expertise
- To facilitate and support collaboration across all parts of the sector to turn innovations into commercial products and services
- To foster an environment that supports and encourages entrepreneurialism
- To raise awareness globally of the region’s rich life sciences ecosystem.
Since its launch in April 2014, MedCity’s work has focused on supporting both international companies and home-grown entrepreneurs to do business in the region. Activities include promoting life sciences within the investment community by building a community of angel investors and partnering with the London Stock Exchange to engage generalist brokers and investors.
It is leading work to position London as a leading centre for digital health research and entrepreneurship, and supporting entrepreneurs and emerging companies to understand the route to market, for example by mapping innovation adoption paths in the National Health Service.
It is also working with companies to help them find the right accommodation, partners, and expertise in the region, as well as guide them through the regulatory frameworks.