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ADD4KIDS: Accelerating Demand-Driven Tools for Paediatric Innovation Adoption

The challenge

 

There is a clear gap in the adoption of paediatric healthcare innovations which continues to hinder access to such innovations.

Demand-driven policy instruments offer the possibility to overcome market failures and allow risk sharing between co-owners and investors. These include Public Procurement of Innovation (PPI) and Pre-Commercial Procurement (PCP), Value-Based Procurement (VBP), and Social Impact Bonds (SIBs).

Such demand-driven funding instruments have the potential to reduce the adoption gap in paediatric healthcare. However, these innovative funding tools are rarely used to support paediatric innovation adoption.

This limited adoption of demand-driven funding tools can help overcome several barriers which are specific to paediatric healthcare, such as the perceived high-risk and complex nature of bringing paediatric innovations to market, fragmented regulatory pathways and market access, limited market demand (low numbers of patients) and perceived small impact. Additionally, there is poor awareness, knowledge and understanding of demand-driven tools, which results in their underutilisation.

Within the “Acceleration of Demand-Driven Tools for Paediatric Innovation Adoption” (ADD4KIDS) project, a holistic innovation action plan in paediatrics has been created to fast-track the adoption of innovative solutions through the coordinated use of demand-driven financing tools across Europe.

EIT Health’s role

ADD4KIDS is a €1 million project funded by the European Union under the European Innovation Ecosystem (EIE) programme of the European Innovation Council and SMEs Executive Agency (EISMEA). EIT Health is part of the consortium, and our main role in the project is the co-creation of a European-specific Action Plan for fast-tracking the adoption of innovative solutions in paediatrics. This includes the design of a capacity-building and business acceleration programme to support healthcare providers and innovators in the effective use of demand-driven financial instruments such as pre-commercial procurement (PCP), public procurement of innovation (PPI), and social impact bonds (SIBs).

Objectives

ADD4KIDS will:

1) Identify demand-driven financing instruments and mechanisms for paediatric health.
2) Collect data on the needs and challenges in the adoption of paediatric innovation.
3) Develop working groups to ideate solutions that address the needs and challenges identified.
4) Collaboratively build a European action plan to catalyse the use of demand-driven tools for the adoption of paediatric innovation solutions.
5) Supporting the use of financial instruments and enabling the cross-border implementation of the European Action Plan.

European Action Plan for Paediatric Innovation

The ADD4KIDS European Action Plan is now available! This strategic roadmap outlines five key action areas and targeted recommendations to accelerate the adoption of paediatric healthcare innovations across Europe.

Download the report and explore how your organisation can contribute to driving demand-driven innovation in paediatrics.

Interested in getting involved? Contact us to explore potential synergies.

Learn more