News

Lithuanian Life Science Sector

Lithuanian Life Science Sector

Lithuanian life science sector receives attention of leading countries in the field

The Life Science in the Baltics forum that will be hosted in Lithuania will be graced by the presence of many senior government officials from leading countries in the field. These include ministers and assistant ministers from world powers such as China, Germany, the United Kingdom, Israel, the United States and many others.

These leaders came for the forum at the invitation of the government of Latvia. This forum has been organized with the intention of creating ties between the biotechnology industry and business. The forum will also create close ties between the industry and in different countries.

The fact that some of the leading countries in the field honored the invitation at the high level that they honored it is indicative of the fact that Lithuania is becoming recognized as an industry leader in life sciences the world over. Lithuanian minister for economy Evaldas Gustas noticed that the forum received confirmations from 1000 participants from over forty countries.

Participating countries such as the U.S, the United Arab Emirates, Oman, China and others have strong economies. This means that they are able to invest in the Lithuanian startups in the field and also in startups from elsewhere who come to seek funding. The number of such startups keeps increasing every year due to recognition that this forum is among the world’s premium gathering of life sciences investors.

The fact that this forum is organized by Enterprise Lithuania and not by players in the life sciences industry, shows that this is no longer seen as a mere science in Lithuania, rather it is a business with the potential to turn around the fortunes of the country.

The Managing Director of Enterprise Lithuania Mr. Mantas Nocius confirmed this view when he notices that as an agency they recognize the economic potential of biotechnology and life sciences in general. It is due to this recognition that they go out of their way to promote the industry through this forum and also in other fora.

In this forum, participants will share ideas and also compare notes on their experiences in the different settings in which they operate. This sharing of ideas is expected to take many forms. Some of the methods that will be used in the sharing include lectures during seminars, trips to companies and R&D facilities, exhibitions and so on.

The fields from which participants will have come include medical equipment, biotechnology and the pharmaceutical industry. While the forum is organized by Enterprise Lithuania, Baltic neighbors Latvia and Estonia are also invited to make their presentations. It is for this reason that this forum is known as a Baltic forum.

While there are, many great scientists expected in this forum. The highlight of the attendees is Kary B. Mullis who is a Nobel Laureate. The presence of a person who made one of the greatest scientific discoveries in the history of mankind is expected to be an inspiration to the scientists attending the forum. The attendance of the forum has increased from the previous one.

Countries that had not sent delegations in the previous forum sent delegations in this forum thus the increase in number of participants. The new entrants include; India, Oman, Philippines, China and Japan. This is an indication that the Lithuanian life science industry continues to gain recognition, the world over.

Leave a Reply

Your email address will not be published. Required fields are marked *