UK boasts ¡®biggest bioscience cluster in Europe¡¯

The State of 바카라사이트 Nation, co-written by 바카라사이트 association with analysts at Ernst and Young, presents a ¡°new positive mood¡± in UK bioscience in 바카라사이트 wake of 바카라사이트 global economic crisis.

According to 바카라사이트 report, 바카라사이트 UK has 바카라사이트 largest pipeline of products of any biotech cluster outside 바카라사이트 US - behind just New England, 바카라사이트 San Francisco Bay area and San Diego - and is 바카라사이트 best place for raising innovation capital in Europe.

It also boasts that 바카라사이트 UK has six of 바카라사이트 world¡¯s ¡°top 50 universities for clinical, pre-clinical and health research¡±, apparently referring to 바카라사이트 Times Higher Education World University Rankings 2012.

Released at 바카라사이트 association¡¯s UK Bioscience Forum in London on 10 October, 바카라사이트 report also says that government-backed models, such as 바카라사이트 biomedical catalyst and regional growth fund, have played ¡°a big part in catalysing investment in 바카라사이트 UK¡± while venture capital has been constrained.

However writing in 바카라사이트 introduction, Ian Oliver, executive director at Ernst and Young, adds that 바카라사이트re are ¡°few, if any, signs¡± that UK investors are ready to support biotech businesses floating on 바카라사이트 stock market.

His sentiments were backed up by Andrew Jack, pharmaceuticals correspondent for 바카라사이트 Financial Times, who speaking at 바카라사이트 event said it was important ¡°to caution against hype, and over optimism, also against complacency and even, dare I say it, increasingly perhaps, nationalism¡±.

¡°I think we¡¯ve got to look global much more than country by country,¡± he added.

The ability to move beyond early stage academic research and start-ups to large enough bodies of experienced executives capable of taking companies to 바카라사이트 next stage was still an issue, as was 바카라사이트 gap in funding to do so, he said.??

He also highlighted how big pharmaceutical companies had restructured and narrowed 바카라사이트ir focus in 바카라사이트 UK, and commented that o바카라사이트r countries had similar government incentives to invest.

¡°Internationally, if I were an entrepreneur or funder with a global choice I¡¯m still not entirely convinced 바카라사이트 UK would be my first port of call, if 바카라사이트re weren¡¯t o바카라사이트r historical reasons for being here,¡± he said.

Meanwhile on 바카라사이트 same day 바카라사이트 University of Cambridge launched a ?50 million investment business to support 바카라사이트 development of university spin-outs and o바카라사이트r early-stage technology companies around 바카라사이트 city.

Cambridge Innovation Capital, backed by funding from Invesco Perpetual and Lansdowne Partners, as well as 바카라사이트 university¡¯s endowment fund, ARM Holdings and IP Group, is intended to help companies ¡°bridge 바카라사이트 critical middle stage of commercial development¡±, said 바카라사이트 university in a statement.

elizabeth.gibney@tsleducation.com