Businesses can apply for a share of up to £400,000 for innovative technology to improve IBD
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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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.
£3 million approved for full business case of Science Skills Academy as part of the £315 million Highland City-Region Deal.
The successful Centre for Health Science at Raigmore in Inverness is forming the basis of several joint projects progressing on nearby Inverness Campus.
Two companies from the Highlands and Islands have been shortlisted for the Scottish Enterprise Life Science Awards 2017.