{"id":2421,"date":"2005-07-21T15:57:59","date_gmt":"2005-07-21T12:57:59","guid":{"rendered":"https:\/\/www.ibs.ee\/projects\/networking-actors-in-the-medical-device-sector\/"},"modified":"2022-08-22T16:38:02","modified_gmt":"2022-08-22T13:38:02","slug":"networking-actors-in-the-medical-device-sector","status":"publish","type":"projects","link":"https:\/\/www.ibs.ee\/en\/projects\/networking-actors-in-the-medical-device-sector\/","title":{"rendered":"Networking actors in the medical device sector"},"content":{"rendered":"<p>8.6% of GDP in Europe is spent on health, of which 6.4% is for medical technology. Although this expenditure delivers an exceptional return on investment, there is a need for continual innovation. Increasing patient treatment and operating costs mean that the commercial prospects for even quite significant breakthroughs in treatments might be poor if the willingness\/ability to pay among society and patients does not exist.<br \/>\n&#8220;Part of the problem for the medical technology industry&#8221; Maurice Wagner, Director General of Eucomed, said &#8220;is not the capability of innovation itself, but the difficulty in bringing the fruits of that innovation to the patient and the economy&#8221;.<\/p>\n<p>Investors need to be confident a timely return on their investments in R&amp;D. InJection focuses on how SMEs active in the healthcare sector can access funding from professional investors and through this funding achieve sustainable growth.<\/p>\n<p>The goal of the InJection project was<strong>&nbsp;to provide SMEs and investors with sector specific networking opportunities.<br \/>\n<\/strong><br \/>\nThis involved 3 objectives:<\/p>\n<ul>\n<li>Enabling&nbsp;the creation of new and cross-border contacts both for leading industrial actors and stakeholders in the sector, and potential investors.<\/li>\n<li>Developing&nbsp;the medical devices innovation area by fostering collaboration between the many different actors in the sector and extract lessons and best practice.<\/li>\n<li>Building&nbsp;on the experience and tools and services developed under the PAXIS and Gate2Growth initiatives, and to adapt them to the medical devices sector.<\/li>\n<\/ul>\n<p>The project was funded by the European Commission from the 6th Framework Programme.<\/p>\n<div><\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>8.6% of GDP in Europe is spent on health, of which 6.4%&#8230;<\/p>\n","protected":false},"featured_media":0,"template":"","project-category":[110],"project-financier":[179],"project-tag":[],"class_list":["post-2421","projects","type-projects","status-publish","hentry","project-category-technology-and-society"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Networking actors in the medical device sector | IBS<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ibs.ee\/en\/projects\/networking-actors-in-the-medical-device-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" 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