Partnership to put innovation on an upward ARC
2 min read 23 June 2023
Peter Mac is joining the Victorian Government, Monash Health and Monash University in a partnership with Israel’s Sheba Medical Center to boost digital health innovation.
Sheba is considered one of the world’s leading hospitals and the partnership will focus on the potential to establish an Accelerate, Redesign, Collaborate (ARC) Innovation Centre in Victoria.
Peter Mac CEO, Professor Shelley Dolan, said the establishment of an ARC Centre in Melbourne would help improve outcomes for patients through increased collaboration and innovation, particularly in the digital health space.
“An ARC Centre has great potential to bring together the key players in digital health including clinicians, researchers, industry leaders, Universities, healthcare providers and investors,” Professor Dolan said.
“International examples have demonstrated the value ARC Centres offer and the team from Sheba have experience tackling the root causes of healthcare inequity in Chicago through collaboration with Sinai Health Chicago, the University of Illinois and others.
“Entering into this type of partnership is a great opportunity to build our capabilities and expand the strong relationship that already exists between Peter Mac and Sheba so we can continue to improve the way we care for patients,” she said.
The Victorian Government said the State's medical technology sector creates $21.4 billion in revenue, $3.5 billion in exports and supports around 31,400 jobs.
“This work stands to create significant healthcare benefits for Victorians, enhance our booming medtech sector and create more rewarding jobs,” the Minister for Trade and Investment, Tim Pallas, said.
“Our medical innovators and pioneers are making amazing advancements and digital health will become an increasingly import part of our healthcare system.”
Sheba Medical Center Chief Innovation and Transformation Officer, Professor Eyal Zimlichman, recognised the potential Melbourne’s high-quality universities and healthcare providers provide for innovation in health and life science.
“We look forward to working with leaders in Victoria over the next few months, and hopefully on the longer run, to realise this potential for the benefits of the community,” Professor Zimlichman said.
Sheba has plans to launch their first ever ARC Asia Summit in Melbourne in 2024.
The ARC Summit in Israel is an annual flagship event that brings together 1,000 delegates from the ARC Community and executives from technology, medicine, and public health from all over the world.