SwedenBIO creates new hub for Nordic life science to invest internationally

SwedenBIO is expanding through a completely new initiative, International Business Development and Promotion. The aim is to create a hub with the task of advancing the position of Nordic life science in an international perspective. The goal is to increase the number of collaborations, both commercial and academic, while supporting the development of SwedenBIO's member companies on the world market.

– This is a natural next step for us”, says Jonas Ekstrand, CEO of SwedenBIO. Life science is a global knowledge-based industry and we need a formalized platform to give full force to our international ambitions.

The background is the realization that international work must have both breadth, excellence and dedicated enthusiasts who drive development. It is about getting international investment to enable Swedish companies to grow, about the ability to attract international scouts’ interest in new Nordic innovations, but also about attracting foreign players to establish themselves in Sweden and the other Nordic countries – simply put, connecting Nordic life science internationally.

As a first step, an executive working group for the new business area is formed, consisting of CEO Jonas Ekstrand and a few other key people. Among other things, Olivier Duchamp, responsible for the largest industry gathering in the Nordic region, Nordic Life Science Days, is joining the initiative full-time.

The initiative also involves an increased focus on marketing the Nordic Region as a prominent life science cluster at all the international meetings and events that form the basis for new collaborations and investments.

A Nordic pavilion is already in place for BIO Europe 2018, which takes place in Copenhagen on November 5. Similar visibility is also planned for the Bio US Convention 2019 inPhiladelphia. Another prioritized international arena is the Nordic Life Science Investors Meeting, a new initiative from SwedenBIO. The Nordic Life Science Investors Meeting will be held in Boston in April 2019 and in Europe in the late winter of the same year.

For the popular partnering and networking event NLSDay, an American partnering system is now being implementedthat enables US actors to establish contacts with life science companies in the Nordic market. But the system is only a first step in a long-term effort to bring American cooperation closer to the Nordic life science market. This strengthens and deepens the already established cooperation between SwedenBIO and the US-based BIO, Biotechnology Innovation Organization, the world’s largest industry organization for biotechnology companies, academic institutions and governmental biotechnology centers in more than 30 countries.

Together with the Swedish-American Chambers of Commerce of the USA, the guidelines are now also drawn up for a collaboration that will benefit SwedenBIO’s member companies andthe nationwide activities of 20 regional chambers of commerce in various ways. The Chamber of Commerce is also a partner of SwedenBIO when a new investor meeting is organized in Boston in the spring of 2019.

– With this investment, we are creating an interface with international capital and expertise. Now we can increase visibility and coordinate efforts more effectively,” says Jonas Ekstrand.

For further information, please contact Nicole Hanzon, Communications Officer, SwedenBIO, and Program Coordinator NLSDays, tel. 070-696 36 33

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