8/4/2019 Galicia - A Commitment Towards Biotechnology

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Galicia: a commitment towards biotechnologyGalicia: a commitment towards biotechnologywww. inves t inga l i c i a . comwww. inves t inga l i c i a . com

The Galician Biotechnology

Cluster (GBC)

Biotechnology is advancing at

such a pace that major

business opportunities arecontinually becoming available.

With the aim of fostering thissector in Galicia, the GalicianBiotechnology Cluster (GBC)

was created in 2006.

Currently the Cluster contains31 companies working in

sectors as diverse as thefoodstuff industry,

aquaculture, agriculture andbiomedicine, to name but afew.

The GBC appeared with theaim and obligation of

promoting Galicia as a relevantregion within Europe in termsof biotechnological capacity,

thanks to the availability oflatest-generation technologyand multi-disciplinary sciences.

Amongst the maincommitments of the GBC are

promoting the development offunctional foodstuffs. Themarket for products of this

kind is currently growing at an

annual rate of 14%, and it isexpected to have a turnover of

22,000,000,000 throughoutthe world by 2010.

Clear success factors for

the development ofBiotechnology in Galicia

In Galicia, the foundationshave been laid for the

Biotechnology sector to find allit needs to develop andexpand in our region. Themost important of these

factors include:

The availability of

sufficient critical mass interms of biotechnology

companies

The availability of a

number of high-quality OPIs(Public Research Bodies)

within the GalicianBiotechnology Platform

The availability of highly

effective mechanisms for thefunding and financing of

business projects

The availability of human

capital

The availability of special

conditions and spaces insuitably designed Business

Parks

Proof of this major support

from Galicia towards the

Biotechnology sector is theparticipation of the GalicianInsti tute for Economic

Promotion (IGAPE) in BIO2006 and 2007, held in

C h i c a g o a n d B o s t o nrespectively.

Also, the Spanish Ministry forIndustry and the GalicianInstitute for Economic

Promotion (IGAPE) channel aseries of attractive incentives

through special programmes

such as the Ferrol Plan, giving

investors access to non-refundable grants of up to

30% and 15-year loans at 0%interest.

This has helped to makeGalicia an ideal destination for

investors seeking a location inline with the requirements of

the twenty-first centur

The Galician BiotechnologyCluster (GBC) was createdin 2006, with the aim offostering the

Biotechnology sector inGalicia.

The GBC currentlycomprises 31 companiesfrom sectors as diverse asthe foodstuff industry,aquaculture, agricultureand biomedicine.

One of the maincommitments of the GBC ispromoting the developmentof functional foodstuffs, amarket that is currently

growing at an annual rateof 14%. This sector isexpected to have aturnover of 22,000,000,000 throughout the world by2010.

The Ferrol region offersincentives of non-refundable grants of up to30%, and 15-year loans at0% interest for investmentsin industrial locations.

Galicia y el rea de Ferrol

The firm commitment by Galicias Autonomous Government and the Spanish Administration tofoster the development of Biotechnology has made Galicia a key destination for investors in thesector.

GALICIAN INSTITUTE FOR ECONOMIC PROMOTION

For fur ther in fo rmat ion:

GALICIAN INSTITUTE FOPR ECONOMIC PROMOTION ( IGAPE):

Ph. +34 981 541 173 / 12 F. +34 981 541 111 promocion@igape.es www.investingal ic ia.com

GALICIAN BIOTECHNOLOGY CLUSTER (GBC):Ph: +34-981-522589 e-mail : info@clusterbiotecnologia.com

Galicia and the area ofFerrol