The document analyzes factors that contribute to successful healthcare clusters such as access to talent, research capabilities, company creation, established businesses, research funding, and equity financing. It compares the Northwest region of England to Cambridge and Oxford on these factors based on data sources like NESTA, IDM, and Pitchbook. The Northwest scores lower overall, particularly in equity financing and access to talent, though it leads in some areas like established businesses and research funding. Developing a strong healthcare cluster requires strength across all of these critical factors.
1. Making decisions with
the data you need
Building a
Healthcare
Cluster
Place North West
Healthcare Property Update
2nd May 2019
2. Building a Successful Cluster
Source: NESTA, July 2017
Successful clusters are underpinned by a number
of critical factors beyond available facilities:
• People
- Skills
- Attractiveness to talent
• Knowledge
- Research Capabilities
- Networks
• Business
- Spin-outs/Start-ups
- Established companies
• Money
- Grant funding
- Equity funding
3. Scorecard - Northwest v Cambridge v Oxford
Category Northwest Cambridge Oxford
Access to Talent
Research Capability
Company Creation
Established
Businesses
Research Funding
Equity Finance
Total
(1st 5/2nd 3/3rd 1 pt)
4. People - Demand
Source: IDM Work Insights
Advertised job vacancies by
location for scientific staff from
October 2017 to January 2019
5. Scorecard - Northwest v Cambridge v Oxford
Category Northwest Cambridge Oxford
Access to Talent 3rd 1st 2nd
Research Capability
Company Creation
Established
Businesses
Research Funding
Equity Finance
Total
(1st 5/2nd 3/3rd 1 pt)
1 5 3
7. Scorecard - Northwest v Cambridge v Oxford
Category Northwest Cambridge Oxford
Access to Talent 3rd 1st 2nd
Research Capability 3rd 1st 2nd
Company Creation
Established
Businesses
Research Funding
Equity Finance
Total
(1st 5/2nd 3/3rd 1 pt)
2 10 6
15. Money - Funding by Region/Stage
Source: Pitchbook/IDM
- Golden Triangle an order of
magnitude ahead of the rest of
the UK
- Continuity of funding not apparent
in other regions
16. Scorecard - Northwest v Cambridge v Oxford
Category Northwest Cambridge Oxford
Access to Talent 3rd 1st 2nd
Research Capability 3rd 1st 2nd
Company Creation 3rd 2nd 1st
Established
Businesses
1st 2nd 3rd
Research Funding 1st 3rd 2nd
Equity Finance 3rd 2nd 1st
Total
(1st 5/2nd 3/3rd 1 pt)
14 20 20
17. Making decisions with
the data you need
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