Two Cambridge UK MedTech businesses have made a nine-company shakedown in the inaugural Innovation Launch Pad scheme which will be staged at the Cabinet Office on Tuesday.

Cambridge Temperature Concepts (CTC) and Health Analytics fly the Cambridge flag in the innovative product surgery.

The Cabinet Office invited SMEs to pitch business proposals for products and services that they could provide to drive better value for money for the Government. At the end of the submission phase, SMEs had submitted a total of 351 proposals.

Cambridge-based entrepreneur and angel investor Sherry Coutu, who is showcasing the companies at the Downing Street beauty parade, said she was excited at the prospect. She said it was estimated that the companies could collectively save the country around £2 billion a year.

The Cambridge influence doesn’t end there. The SMEs with the best proposals are being offered intensive mentoring from a team including Cambridge serial entrepreneur and VC Hermann Hauser, Autonomy’s Group CEO Mike Lynch, who is also on the board of Cambridge Enterprise – Cambridge University’s commercialisation arm –  and entrepreneur and VC Jon Moulton.

Downing Street is hosting a reception for those companies with the best proposals. A spokesperson said: “The aim is to stimulate new, open competitions in Government markets in which SMEs will be able to participate.”

Headed up by Shamus Husheer, Cambridge Temperature Concepts is a startup company founded by a group of scientists from the University of Cambridge in 2006. The team at CTC have developed their first product – the DuoFertility fertility monitor – to help couples start families. CTC recently secured a coup when Boots decided to stock the monitor in-store.

DuoFertility utilises the latest technology available to provide couples with a very accurate way of monitoring their fertility, while at the same time being convenient to use.

Unlike traditional methods, there is no need for a woman to wake early or ‘pee on a stick’ in order to check when she is at her most fertile. Instead, a simple stick-on sensor is worn continuously under the arm and a hand-held reader provides the user with the relevant information whenever it is required.

Health Analytics' products are designed to help health commissioners deliver a more flexible and effective range of services. Its systems are built by close collaboration with users to ensure they're easy to use; a locally-developed claims management system delivers savings through automated and clinical challenges.

The Cambridge company talks to practice managers, GPs and commissioners in their own places of work every day. Comprehensive support and training is supplied by Health Analytics' UK engineering team.

Health Analytics provides detailed information about a local population’s health through combined data analysis from primary and secondary care sources. Its users can analyse their population's health and predict future health trends from our easy to use web systems.

The company also supports multiple metrics to provide industry-leading risk analysis and provides the data needed to monitor referral rates and identify patterns of referral along with their associated costs. This enables the evaluation of alternative interventions or other approaches to the needed care. It also provides automated solutions to help users stay within budget by micro-tracking actual and projected spends against current demand.

The Cambridge duo’s peers are:

• Adinfa (Slough) – Enables datacentre owners and operators to save money and reduce CO2 emissions by monitoring, reporting and managing the energy consumption of their systems, applications and equipment.

• Becrypt (London) – Formed in 2001 to meet the growing demand for high-level software encryption products in the personal computer and PDA marketplace.

• Cat N Hosting (Aldershot) – From operating data centres to writing WordPress plugins.

• HotDocs (Edinburgh) – Easy-to-use interactive forms that save time and money.

• Learning Pool (Derry) – Online learning company.

• MyWorkSearch - Created an online technology platform to hand hold job-seekers through their job search process and maximise their chances of securing a great role.

• Software Europe (Lincoln) – Supplies innovative web-based services.