BioPharm International-12-15-2005

Through a series of collaborative activities with other industry groups, the Irish BioIndustry Association supports the continued development of the biotech sector in Ireland.

Ireland's dynamic life sciences industry attracts investors, both foreign and domestic, and lures its brightest minds back home.

As companies evolve, they often must select new locations where they can centralize or expand their operations. This can be a daunting challenge that demands consideration of numerous factors.

With a bright new future following restructuring, Dublin-based Elan sees former executives establish exciting new businesses in Ireland, while it continues its own strong R&D program.

The EU Framework Program has operated for the last twenty years, dedicating large sums of funding over five-year periods, all the time aiming to achieve scientific excellence, improved competitiveness, and innovation through promoting increased cooperation between researchers and industry across Europe.

Ireland's Forward-Thinking Business Support Strategy Encourages Research Funding and Fast-Track Company Growth

Venture capital activity in Ireland grew 25.7% in the first half of 2005 compared with the same period in 2004. New life-sciences venture capital funds have been established and existing firms have ramped up their activity in the sector.

The Irish Minister for Enterprise, Trade, and Employment supports and encourages biotech research and development.

The creation, dissemination, and exploitation of knowledge are the keys to unlocking the potential of Ireland's economy.