Here is a short list of public-private partnerships (P3s) Concordia had its eye on in recent weeks.
Here is a short list of public-private partnerships (P3s) Concordia had its eye on in recent weeks. Have a suggestion for a partnership? Please tweet your suggestions to @ConcordiaSummit, #P3
Brain Research Raises Issues that P3 Structure Looks to Solve
As the article states, “Pharmaceutical companies hesitate before investing in brain research, as it is seen as an overly complex area.” The Innovative Medicines Initiative (IMI) seeks to bring public funding and private sector expertise into an area of research that badly needs it. The partnership framework is essential because of the mitigated risk for all parties involved. This will hopefully enable groundbreaking advances in both brain mapping as well as identify causes and then target specific diseases.
From the press release:
“A public-private partnership between the European Commission and the European Federation of Pharmaceutical Industries and Associations (EFPIA) could provide a way forward. The programme… aims at speeding up the development of better and safer medicines.”
White House Announces Two New P3 Innovation Hubs
President Obama’s continued growth of “manufacturing innovation institutes” is a welcome advancement in the P3 field. The partnerships will be led by the Department of Defense supported by a $140 million commitment. The two innovation institutes will be based out of Detroit and Chicago. The Detroit-area consortium consists of 60 members: 34 companies, 9 universities and labs, and 17 other organizations. The Chicago-based consortium consists of 73 members: 41 companies, 23 universities and labs, and 9 other organizations.
From the press release:
“The President [announced] new steps in partnership with the private sector to boost advanced manufacturing, strengthen [U.S.] capabilities for defense, and attract the types of high-quality jobs that a growing middle class requires … Each institute serves as a regional hub, bridging the gap between applied research and product development by bringing together companies, universities and other academic and training institutions, and Federal agencies to co-invest in key technology areas that encourage investment and production in the U.S. This type of “teaching factory” provides a unique opportunity for education and training of students and workers at all levels, while providing the shared assets to help companies, most importantly small manufacturers, access the cutting-edge capabilities and equipment to design, test, and pilot new products and manufacturing processes.”
Partnership Bolstering Energy Security, Cutting Carbon Pollution, Saving Money and Supporting Manufacturing Innovation
The National Clean Fleets Partnership has been seen as a success in reducing use of diesel fuel and other gasoline. Building on its success, the new partnership will offer “to provide each company that wants to partner with specialized resources, technical expertise and support in developing a comprehensive strategy to reduce fuel use and achieve greater efficiency and cost savings.”
From the press release:
Today, the President laid out additional details for his plan to improve the fuel efficiency of American trucks – bolstering energy security, cutting carbon pollution, and spurring manufacturing innovation…
“Partnering with Private-Sector Leaders to Deploy Advanced Vehicles. The President highlighted the success of the National Clean Fleets Partnership that he launched to speed the deployment of clean, energy-efficient vehicles and the infrastructure to support their use. This public- private partnership helps the nation’s largest fleet operators reduce diesel and gasoline use in their fleets by incorporating alternative fuels, electric vehicles and fuel-saving measures. To date, 23 major national companies, such as ARAMARK, Coca-Cola, Staples, UPS, AT&T, Enterprise Holdings, and Waste Management have joined the National Clean Fleets Partnership. Collectively, the National Clean Fleets Partners operate more than one million commercial vehicles nationwide. The President has directed his Department of Energy to provide each company that wants to partner with specialized resources, technical expertise and support in developing a comprehensive strategy to reduce fuel use and achieve greater efficiency and cost savings.”
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