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Global Benchmarking

Global Benchmarking. Global Benchmarking. Canada receives a D grade in innovation & ranks 13 th out of 17 th in OECD Relative comparative decline in average health status, from 5 th to 10 th. Global Benchmarking. Higher % of R&D from government

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Global Benchmarking

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  1. Global Benchmarking

  2. Global Benchmarking • Canada receives a D grade in innovation & ranks 13th out of 17th in OECD • Relative comparative decline in average health status, from 5th to 10th

  3. Global Benchmarking • Higher % of R&D from government • Produces lots of scientific discovery and lots of small companies w/o critical mass to compete globally

  4. Issues For Northern Ontario • Lack of comparative critical mass of companies and supporting infrastructure • Geography limits cooperation, networking & service delivery

  5. Issues For Northern Ontario • Comprehensive health sector industrial strategy? • Canada Health Act is a double edged psychological sword!

  6. Additional Issues • Higher morbidity rates • Poor understanding of the nature of health research including its corresponding commercialization pathways

  7. Additional Issues • Scarce funding resources • Business model must focus on both prevention and management of chronic disease

  8. HOT SPOTS • Molecular medicine: mitochondrial DNA, genetic DNA analysis • Miscellaneous genetic research applications

  9. HOT SPOTS • Cancer research – including diagnosis, staging and treatment platforms • A variety of eclectic research initiatives from NOSM, including natural and traditional pharmacological sources

  10. HOT SPOTS • Telemedicine and rural service delivery • World class clinical trial expertise and capacity • Health care informatics/medical geography

  11. Additional Opportunities • Health promotion • Targeted bioprospecting of forest and agriculture based substances • Nutraceuticals and Functional Foods

  12. Additional Opportunities • Clinical research organizations: traditional and specialized eg. evaluating the safety and efficacy of nutritional therapies • Toll manufacturing opportunities eg. devices, drug delivery systems, nutraceuticals, biologicals?

  13. Additional Opportunities • Development of medical devices • Delivery system technologies • Integrated patient and clinical data systems

  14. STRATEGY Resources & Assets Existing & New Project Opportunities Infrastructure

  15. What’s Needed A focused but integrated health strategy which targets innovative therapies, products and services with the long term goal to improve both the health status of Northerners and to generate the wealth to finance ongoing programs and R&D

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