The life sciences sector in the Highlands and Islands predominantly consists of small enterprises, working in human and animal health, marine biotechnology, natural products, chemical and pharmaceutical sciences and digital technology. The region has particular strengths and opportunites in digital health and wellbeing, and marine biotechnology.
In addition to the more traditional life sciences sector profile a strong network of technology expertise exists across the Highlands and Islands. These businesses are ideally placed to pursue increasing opportunities for the development and deployment of innovative technology solutions and products for the health and wellbeing markets.
The sector typically delivers high levels of innovation with businesses generally international in their outlook and generating above average salaries. Regulatory requirements in the route to commercialisation can often lead to longer periods of research and development which demand specialist financial investment and extended timescales for return on investment.
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HIE has commissioned a study into the potential of seaweed harvesting as a diversification opportunity for fishermen.
A Hebridean life sciences business looks set increase productivity, expand its international market and create more jobs.
The expansion of the life science sector at Inverness Campus is taking another step forward with the announcement of thirty new jobs.
More than 50 small firms in the Highlands and Islands involved in the life science and technology sector were given the opportunity to compete for a share of £400,000 of Scottish Government funding at an event yesterday (5 April).
Two of the seven categories in this year’s Scottish Enterprise Life Science Awards were won by companies from the Highlands and Islands.