Developing Industry Support for Bio Business Excellence

1
Developing Industry Support for Bio Business
Excellence

• By
• LESLIE MORRISON
• CEO INVEST NI
• Tuesday 14th November 2006

2
UK and Northern Ireland Policy Context

• UK Government funding for Bioscience R D is
  1.1billion per year.
• UK has twice as many products in clinical trials
  as nearest European competitors
• Northern Ireland Regional Innovation Strategy -
  Think/Create/Innovate
• - increase level of industrial R D undertaken
  in Northern Ireland and drive economic progress
  through innovation.
• The establishment of the Northern Ireland Science
  Industry Panel

3
Recent Investment in Life Sciences

• NI Life Sciences Sector
• Total Funding Committed 500m
• Govt Support Allocated 130m
• 1.7million population with 4,000 Life Science
  Employees
• Investment of 125,000 per employee.

4
Strength of Research Capability

• University of Ulster The Queens University,
  Belfast
• Nanotechnology and Integrated Bio-Engineering
  Centre
• Centre for Cancer Research and Cell Biology
• Medical Polymers Research Institute
• McClay Research Centre for Pharmaceutical
  Sciences
• Centre for Advanced Cardiovascular Research
• Northern Ireland Clinical Cancer Centre

5
Invest Northern Ireland Support

• Almost 200m has been invested in Centres of
  Excellence Programme.
• Proof of Concept Fund
• RD Programmes
• START
• COMPETE
• SMART
• Commercialisation of NHS R D opportunities
• Collaboration between Industry Academia
• BioBusiness Northern Ireland

6
The FutureCollaboration

• Critical Success Factors
• Strong Science Base
• Supportive Policy Environment
• Effective Networking
• Skilled Workforce
• Business Support Services
• Availability of Finance
• Premises and Infrastructure
• Attract Key Staff
• Growing Company Base
• Entrepreneurial Culture