Spain’s Biotech Revolution

IIPM MANAGEMENT INSTITUTE

In the past five years, Spanish companies and institutions have sharply increased their focus on biotechnology, and the results —in new companies, new products, and new research centers—represent an important contribution to the growing international field. This is the sixth in an eight-part series highlighting new technologies in Spain and is produced by Technology Review, Inc.’s custom-publishing division in partnership with the Trade Commission of Spain.

In conversations about biotechnology in Spain, one word appears repeatedly: revolution. According to many in the field, huge changes are afoot in Spanish science today. Though the country has historically focused on producing quality scientific research and papers, the past five years have seen a dramatic increase in the launch of companies, the development of new research centers, and the transfer of top-quality technology into economic development.

Both the national and local governments have embraced the current European focus on developing a knowledge-based economy, one that creates companies—and income—from the ideas of its citizens. National and local governments have increased funding for research, created new research centers, and provided mechanisms to advance technology transfer. Though this focus is relatively new in Spain, the strong scientific environment has provided a rich medium for the rapid growth of biotechnology, which has seen intensive investment and development in the past five years. According to Genoma España, a government-funded organization that promotes genomic research and practical applications, half of all scientific research in Spain focuses on biomedicine.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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