Tyrol on the move: Life Sciences are booming with an international exchange!

Tyrol on the move: Life Sciences are booming with an international exchange!

tirol is an emerging star in the area of ​​the life sciences and consolidates its role as a leading location in this dynamic sector. What about the Life Sciences in Innsbruck? On June 4 and 5, the Life Sciences Partnering will take place here, where international experts from science and business come together to promote research, development and exciting collaborations. The event is organized by the Tirol location agency and the Health Hub Tirol as part of the Interreg project Promos. [TOP.TIROL] (https://www.top.tirol/presseaus-sendungen/tirol-staerkt-life-sciences-location-mit-internationalem exchange) reports that the participants are excited about bilateral conversations and keynote lectures by experts from Bavaria and South Tyrol.

With over 80 companies in the areas of Medtech, Biotech, Pharma and E-Health, Tyrol offers around 10,000 jobs in the Life Sciences industry. Council of Science Cornelia Hagele underlines growth in this industry, which far exceeds the Austria -wide cut. In order to make this growth sustainable, she calls for investments in talent and innovations that are to be promoted by the cooperation between research and business.

a strong network and innovative projects

The new Health Hub Tirol in Innsbruck plays a crucial role when it comes to supporting startups in their development. Managing Director Klaus Weinberger particularly emphasizes the importance of networking between founder: inside and investor: inside. In addition, there are interesting initiatives such as the innovative technology of Cyprumed, which offers insulin in tablet form, or Kincon Biolabs, which tests active ingredients in living cells. In the Cluster Life Sciences Tirol, remarkable 74 -strong companies, institutions and universities are combined, which employ a total of over 23,000 employees. Location-Tirol sums it up: Tyrol has established itself as a significant location for organic and pharmaceutical companies.

An important concern of the cluster is to strengthen biotechnology and pharmaceutical development. Here you also rely on targeted settlements and start -ups as well as the expansion of the infrastructure. Local companies are in close exchange with research institutions and clinics to use synergies and increase the visibility of medical technology.

challenges and opportunities in the Medtech sector

Overall, the medical technology is put under pressure by the new EU regulation "Medical Device Regulation" (MDR). This introduces high demands that force companies to adapt their development and production processes. Companies have to adapt to seamless documentation and mandatory checks after bringing on the market. [Convention.tirol] (https://www.convention.tirol/key- industries-tirol/life-sciences/) gives an insight into the challenges, but also into the support that companies offered via the Life Sciences Tirol, such as in the context of qualification seminars.

The industry turnover in the life science sector in Tyrol now amounts to an impressive 2.25 billion euros. A look at the Tyrolean Life Sciences scene shows that not only research is carried out at the highest level, but also companies with world format. Med-EL, for example, exports 95 % of his hearing implants worldwide and is one of the most sales-strong companies in Tyrol.

In this exciting and fast -developing industry, Tyrol remains a hotspot for innovation and cooperation - a place where ideas are born and reality. The event on June 4th and 5th will open another chapter in the success story of Tyrol in the area of ​​Life Sciences.