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BIC Gipuzkoa organises a series of conferences to promote the biotechnology sector

The first of these, "From Bioscience to Business", has been organized jointly with Tecnun

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Speakers and organizers pose after the conference. PHOTO: Communication Service
20/03/20 16:39 Communication Service

The prospects offered by the biotechnology sector in Gipuzkoa are promoting the development of new business projects. With the aim of contributing to the strengthening and consolidation of this sector, BIC Gipuzkoa has organized four conferences to share experiences and promote cooperation between different agents. The first one, "From Bioscience to Business", organized together with Tecnun-University of Navarra, has brought together numerous representatives of the sector to learn about different characteristics and experiences of interest when promoting new business projects, transferring the results of research activity to the market. This initiative is supported by the Department of Economic Promotion of the Provincial Council of Gipuzkoa.

The session "From Bioscience to Business" was organized by BIC Gipuzkoa in collaboration with Tecnun, the Engineering School of the University of Navarra in San Sebastian. The meeting brought together four relevant experiences from different fields related to the biotechnology industry. At the inauguration of this program of meetings, the general director of Economic Promotion of the Provincial Council of Gipuzkoa, Iker Estensoro, underlined the strategic nature of the biosciences sector in Gipuzkoa and the commitment of the Provincial Council to promote its development in a competitive way.

Josemaría Siota, executive director of the IESE Entrepreneurship and Innovation Center, gave his views on strategies and trends in technology transfer and corporate venturing. He stressed the need to promote collaboration between established companies and innovative startups "because there is hidden potential ready to be commercialized. In his opinion, Europe must face the challenge of "taking technology transfer to another level", since, according to the data he offered, 21 of the top 100 research entities in the world are in Europe, but 95% of patents are "inactive".

Federico Gago, with more than 20 years of management experience in the pharmaceutical industry and co-founder of VB Devices, Allero therapeutics and Cytovation AS, spoke about his experience as a 'Venture Builder' when it comes to "helping the entrepreneur to make an investable project". In his opinion, "large corporations, before investing in a project in this sector, need the filter of market reality. It is not easy to bring in investors, he pointed out, and that is why startups must have a plan to be able to continue their journey alone."

Jesús M. Hernández, independent biotechnology consultant, former vice-president Eli Lilly and former director of CIMA (University of Navarra), spoke at the meeting on basic-applied research and transfer to the market. In his opinion, given the characteristics of the sector, it is necessary "to work with a 15-year perspective, anticipating what the market, the competition and the real need for the product we are developing may be like in that time frame".

Gloria González, scientific director of Vivet Therapeutics and researcher at CIMA, presented the case of her company from the perspective of a scientist. The keys, in her opinion, are credibility and the need for rigorous and quality science. "These aspects are fundamental to generate confidence in investors, since we need to permanently seek investment for new scientific developments."

Biotechnology sector in Gipuzkoa

The aim of this conference is to share experiences and knowledge and to promote cooperation between different agents in order to promote economic development and the creation and consolidation of the biotechnology sector in Gipuzkoa.

The following conferences will take place between now and May with different focuses: "Key aspects in structuring a biotech startup: legal and financial perspective"; "Hack your company!!!"; and, finally, on May 7, there will be a session with investors in companies in the biotech sector.

The aim of these meetings is to boost the biosciences sector in order to promote the transfer of technology and knowledge to the market. To this end, different conferences have been designed with specific objectives to share knowledge, experiences and networking among the agents of the biosciences sector in Gipuzkoa: startups, universities, CIC, technology centers, companies, agents of the social-health system, investment funds, etc. 

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