Applications for the Innovation and Technology Payment scheme 2018/19 are now open
[London, UK] The application process for the Innovation and Technology Payment (ITP) 2018/19 scheme, led by NHS England in partnership with the Academic Health Science Networks (AHSNs), has opened today.
The ITP will look to increase speed of adoption of ‘medical devices, digital platforms and technologies’ across the NHS, supporting work carried out through the Innovation and Technology Tariff.
BJ-HC reported last month that NHS England Chief Executive Simon Stevens announced a call for applications at the NHS Confederation’s annual conference in Liverpool, mentioning it during a Q&A session.
“The aim of the ITP is to help deliver on the commitment detailed within the Five Year Forward View - creating the conditions and cultural change necessary for proven innovations to be adopted faster and more systematically through the NHS, and to deliver examples into practice for demonstrable patient and population benefit,” NHS England revealed.
£39m for Academic Health Science Networks
Last week, the Department of Health and the Department for Business, Energy and Industrial Strategy announced that a new fund worth up to £86m was set up for design of medical technologies and development of new medicines, targeted at SMEs.
Of the £86m pot, £39m will go to AHSNs, which health chiefs often argue are underfunded. Peter Ellingworth, CEO of the Association of British Healthcare Industries (ABHI) said in a statement following the announcement:
“ABHI welcomes the announcement as a further commitment to supporting the UK medical technology sector. These additional funding initiatives will complement work already in place on Innovation Tariff, NICE processes and horizon scanning as part of the overall Accelerated Access Review.
“The measures could significantly enhance the UK as a destination of choice for MedTech companies, in turn, benefiting patients, the health system and the wider economy.”
You can find out more about the ITP scheme here.