Biomedicine, an investment in the future

The biomedicine and health sector is in a good place right now, as we explain on the page about Catalonia on this website, as it already has an innovative ecosystem, with solid projects and global recognition. Nevertheless, biotech companies need new funding to see results from their research and license candidates to the pharmaceutical industry to manufacture drugs and for these to reach patients. Now is when the return on investment gets interesting.

Foreign investment in Catalonia rose 35% in 2014. According to consultancy firm EY, Barcelona is one of the top 10 most attractive cities in Europe for investing and the European capital with the most jobs created from foreign investment.

Apart from private funding, Catalonia will receive investment of 868.4 million euros through 2020 from the European Regional Development Fund (ERDF), including the Smart Specialisation Strategy RIS3CAT, which is 68.1% more than the amount received under the 7th Framework Programme (2007-2013).