A New Year For Innovation

Welcome to the new year, when we celebrate fresh calendars and most importantly, new opportunities! When it comes to innovation and discovery, what can we expect to see in 2016?

A New Approach to Advancing Health
Last year saw a shift in our corporate impact strategy that embraces the shared value approach. This innovative idea dives into the world of socially-responsible corporations. “Traditional giving has its limits,” says Lilly President and CEO Dr. John Lechleiter. “The revolution comes when corporations go beyond philanthropy to redefine their role in addressing human needs.” In 2016, we hope that other companies will rethink their roles in society, too.

The Growth of Public-Private Partnerships
Many of today’s world health problems still overwhelm those who work to fight them. We need collaboration to help us improve care for diseases such as diabetes, cancer and Alzheimer’s. In 2016, we need more teamwork like we see in the Accelerated Medicines Partnership, or with our partnership with the National Institutes of Health National Center for Translational Science (NCATS). The truly innovative ideas that come from these partnerships allow us to make lives better for people around the world.

Protecting Intellectual Property
2015 helped illuminate the possibilities that come with strong IP protections. Copyright, trademarks and patents play a critical role in driving innovation across many industries. As new medical discoveries come to market, it’s impossible to ignore the role that IP protections play in making life better for people around the world. The community we met during this year’s GIPC IP Summit will continue to grow as we all work toward a similar policy goal.

A Global View To Innovation
Historically, the U.S. has been a leader in innovation. More recently, countries all around the world are recognizing the huge impact of innovative industry on the economy. For instance, Scandinavian countries invest heavily in R&D. Each country has adopted different policies to support innovation, and this has resulted in strong economics. The European Union also sees the potential opportunities of an innovative industry. Trade agreements like the Transatlantic Trade and Investment Partnership (TTIP) could align regulations and boost the EU economy by €120 billion. Who else will join the innovation game in 2016?

I, for one, am excited to see what 2016 will bring. In a world full of creative minds and determined health professionals, we’re bound to see some amazing innovation!