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Aimed at discussing the challenges and opportunities available around the healthcare and technology ecosystem in MedTech , the conference saw the attendance of over 200 delegates from start-ups , government institutions and healthcare practitioners , along with Medtronic ’ s partner organisations .

Taking the lead in this conversation , Medtronic also unveiled a whitepaper titled Asia Pacific ’ s Healthcare boom , Medtronic saw overwhelming applications from 323 start-ups and business enterprises from 46 countries across the Asia Pacific and beyond vying for a potential collaboration with Medtronic valued up to US $ 200,000 . Five start-ups were crowned winners of the Medtronic APAC Innovation Challenge at the conference .

The survey saw a combination of factors encompassing , better government support ( 38 %), greater collaboration with the private sector ( 37 %), increased funding availability ( 36 %) and crosslearning platforms between organisations ( 35 %) as the drivers of innovation acceleration .

This led to the observation that a multi-sectoral collaborative approach , led by governments in the region , was a key enabler for driving innovations . While not all findings were a surprise , the scale of some findings did highlight the magnitude of some issues facing the healthcare sector overall .

One such example was the overwhelming response citing recruitment as the leading cause of concern for over 80 % of start-ups surveyed . This echoes the World Health Organisation ’ s ( WHO ) prediction of a global shortfall of 14.5 million healthcare workers by 2030 .

“ No one company can do healthcare alone ,” said Chris Lee , President for Medtronic , APAC .

Technologies Ecosystem : Enhancing Start-up and SME success , written by the Economist Impact and supported by the Singapore Economic Development Board ( EDB ).

The Medtronic-Economist Impact whitepaper revealed that up to 55 % of respondents cited COVID-19 as an enabler of innovative ideas , rather than a detractor . A reflection of this innovation

“ As a global leader of healthcare technology , Medtronic takes the accountability to lead the conversation and encourage more meaningful collaborations across the innovation ecosystem . That ’ s why we launched the open innovation platform and hosted the conference . It ’ s great to see how all the stakeholders come forward to share their perspectives and are committed to working together for better healthcare .

“ We also appreciate all the idea submissions and congratulate the final winners . More importantly , I hope that our joint efforts will lead to many new and improved solutions to meet the region ’ s unique healthcare needs .” �