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Venturefest North East The horizon is not as far away as you think...... Jackie Marshall-Balloch Lead Specialist Independent Living Innovation Platform.

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Presentation on theme: "Venturefest North East The horizon is not as far away as you think...... Jackie Marshall-Balloch Lead Specialist Independent Living Innovation Platform."— Presentation transcript:

1 Venturefest North East The horizon is not as far away as you think...... Jackie Marshall-Balloch Lead Specialist Independent Living Innovation Platform 13 th October 2015

2 Innovate UK – who we are  We are the UK’s innovation agency  Independent arms length body created in May 2007  Funded by the Department of Business, Innovation and Skills  We are solution-focused, passionate about innovation, curious and creative, one dynamic team, and committed to helping one another  Everything we do is driven by one question: Will it help UK businesses bring new ideas and technologies to market faster?  For every pound we invest it is estimated to return at least £3 for feasibility studies, £9 for Smart Awards and up to £35 in some areas for collaborative research and development.

3 Innovate UK – what we do  We accelerate economic growth by stimulating and supporting business-led innovation  We use a number of tools to support business innovation, including SBRI and CR&D  We help businesses understand future markets and the innovation opportunities created by the challenges of today – and make the most of them  We break down barriers to innovation, eg through large scale demonstrators for new ideas and products  Through connections and networks we enable people and companies to work together to share ideas and make innovation happen  We bring together partners to maximise funding for innovation and get groups of organisations working together

4 Innovate UK - Setting the scene In 1950, there were 205 million persons aged 60 or over in the world. By 2012, the number of older adults had increased to almost 810 million. By 2050 it is projected to more than double, reaching 2 billion.

5 Innovate UK – our perspective on the ‘ageing population’  An unprecedented, progressive, rapid, indefinite global phenomenon that has never before occurred in the history of mankind.  Social construct that varies culturally and historically –chronological, biological, psychological and social  Changing the narrative, challenge ageist attitudes and assumptions that hinder growth  An engine for economic growth, stimulate new business development opportunities, new business models, new drivers for innovation, opportunity to harness the brains of Britain, to re-invent and re- assign social value to later life.  To position the UK as a world leader and trailblazer, translating our renowned world class research into exciting, diverse and vibrant products, services and systems for our citizens of advanced years.

6 Independence – what it really means not influenced or controlled by others in matters of opinion, conductthinking or acting for oneselfnot subject to another's authority or jurisdiction; autonomous; free:not dependent; not depending or contingent upon something else for existence, operation, etc.rejecting others' aid or supportrefusing to be under obligation to otherspossessing a competency

7 DISRUPTION De-construction

8 The medicalization of demographic change Condition20112040Projected increase Dementia781,4321,384,951603,519 Cancer2,015,9704,800,0002,784,030 Cardiac pathology8,074,57513,310,4435,235,868 Stroke1,277,2301,526,181248,951 Diabetes2,912,6577,507,9924,595,335 Source: OECD, National Statistics, Population Trends, Dementia UK, London School of Economics & Institute of Psychiatry at King’s College London, Department of Health, NHS, British Heart Foundation, National Audit Office, The Health Foundation, Diabetes UK includes Frost & Sullivan extrapolations and analysis (2013)

9 In England between 2012 – 2013 the number of men over 65 years diagnosed with chlamydia rose by 16% compared to a 4% increase in the 25-34 years age bracket. (ONS, 2013) When it came to syphilis, the 45-64 year olds won out with a 31% increase in diagnoses between 2012 and 2013. (ONS, 2013) In 2008-2009 only 11% of men aged 65 to 69 years said they used condoms, compared to 88% of men aged 16 to 24 (Public Health England)

10 Between 1999 and 2008 the Health Protection Agency reported a 53% increase in gonorrhoea among men aged 45-64 and a 93% increase among women At the same time, the rate of herpes increased by 130% among this age group. Worryingly, there were also 17,000 new HIV diagnoses http:// www.bbc.co.uk/news/health-10551039 http:// www.bbc.co.uk/news/health-10551039 Spires Tunbridge Wells Hospital showed that over a five-year period there was a staggering 303% growth in women and 168% growth amongst men in their 60s having cosmetic surgery procedures. Nationally there has been a 175%increase in men in their 70s and 133% in women of the same age group http://www.spirehealthcare.com/tunbridgewells/news/old-cosmetic-surgery/

11 DiscriminationPoverty Crime Polypharmacy Nutrition Rehabilitation Travel Access to information Ethnic Minority Status Depression Suicide Sexuality and Sexual health Loneliness and isolation Dementia Care Self actualization Elder abuse Incontinence Long term care Digital divide Leisure Employment Housing Frailty Adverse weather conditions Chronic pain Societal value Telecare Falls Medication compliance NHS efficiencies and costs Telehealth Assistive technologies Flu Dementia Alcoholism and drug abuse

12 DISSONANCE

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14 The Vein Viewer

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16 DISRUPTION

17 Innovation – defined “Innovation is achieving something significant that would otherwise would not happen unless you are prepared to take the risk and do something special.” Peter Wintlev-Jensen, Deputy Head of Unit, European Commission DG CONNECT

18 Long term care should not cost us everything it means to be human

19 The Long Term Care Revolution – what is it?  Its an ambitious programme to stimulate and catalyse innovation in long term care.  Its sole purpose is to disrupt the institutional model of long term care provision as we know it in the UK.  Its aim is to create diverse, vibrant, cutting-edge non-institutionalised products, services and systems that are fit for purpose, fit for the future, sustainable and responsive to public demand.  Its NOT about reforming what exists, but about replacing a 19 th century model with alternatives that reflect 21 st century living and advances.  Four million pound (£4m) investment in stimulating business-led innovation

20 The Long Term Care Revolution – the imperative to act By 2051 the numbers of people aged 65 years and over in the UK will increase by 81% (GAD, 2003) The support ratio is falling 3.10 in 2011 to 3.09 in 2021, then to 2.53 in 2031, then below 2.2 in the 2050s before levelling off. (GAD, 2003) Residential home and Nursing home places will need to expand by around 150% over the next 50 years (Wittenberg et al, 2004) Hours of home care will need to increase by around 140% over the next 50 years. (Wittenberg et al, 2004) Long term care expenditure would need to rise by 315% in real terms between now and 2051 to meet demographic demands. (Comas-Herrerra et al, 2003) The number of older adults in need of care is expected to outstrip the number of family members able to provide informal care for the first time in 2017 (IPPR, 2014)

21 DENIAL

22 Final thoughts Innovation, invention and imagination Attitude adjustment; face our fears; do not surrender to convention Combining and using the tools and resources at our disposal Re-purposing and transferring existing, new and emerging technologies We have an opportunity generations before us never had; prepare for those to follow Where is the market? Its sitting next to you………

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24 They say a person needs just three things to be truly happy in this world: someone to love, something to do, and something to live for.

25 Jackie Marshall-Balloch Tel: 07826 894459 E-mail: jackie.marshall-balloch@innovateuk.gov.ukjackie.marshall-balloch@innovateuk.gov.uk Twitter: Trinigyal44


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