Scottish Life Sciences Strategy 2011

Our mission

We aim to double the economic contribution made by Scotland's Life Sciences industry by 2020 to £6.2 billion in turnover and £3 billion in Gross Value-Added.

Our vision

We want our Life Sciences industry to be a signifi cant contributor to Scotland's sustainable economic growth and to establish Scotland as the location of choice for Life Sciences businesses.

Our strategy

We will concentrate our efforts on three core areas where we consider the greatest impact can be made toward achieving our 2020 Vision.

• Anchor:

  Embed key players that supply advanced skills, ambitious management and ready access to markets.

• Build:

  Create more resilient businesses and comprehensive supply chains.

• Attract:

  Help win inward investment and provide a ready source of fit-for-purpose talent and aspiring leadership.

Our action agenda

We will address those business-critical areas with the clearest need for concerted action.

• Success through collaboration:

  We will encourage more partnerships to deliver swift and full commercial opportunities.

• Shared strong marketing position:

  We will aggressively market Scotland's promising message at home and abroad.

• Access to funds for business growth:

  We will improve our routes to sources of private and public investment.

• Determined to realise our full value:

  We will deliver new products and services, robust businesses and high-value jobs.

• A talent pool of international calibre:

  We will attract, retain and develop the talent we need to succeed.

• A vibrant innovation culture:

  We will continue to create an environment conducive to the creation and successful exploitation of leading-edge innovations.

Our focus

We will focus on the most promising areas of research, business endeavour and emerging opportunity.

Research strengths

• Regenerative medicine & stem cells

• Translational medicine

Key business sectors

• Medical technology

• Pharma services

Emerging opportunities

• Assisted Living

• Stratified Medicine

• Wellbeing

• Sustainability