Date

30 de Julio 2014

Bogota Region promoted in the U.S. and Spain as it strengthens its commitment to biotechnology

Biotechnology
Industry
  • The Bogota Region is being promoted as Latin America’s premier biotechnology hub at two of the industry’s most important international events: the BIO International Con-vention in San Diego (USA) and BioSpain 2014 in Santiago de Compostela (Spain).
  • The Bogota Region has all the elements necessary to establish itself as a biotechnology hub in Latin America: biodiversity, scientific and technological supply, institutional sup-port, skilled workforce, growing market size, and access to global markets.
  • The Bogota Region offers opportunities to invest in biotechnology across various sec-tors such as agriculture and food, health (human and animal), cosmetics, and industry scaling services.
Bogota Region promoted in the U.S. and Spain as it strengthens its commitment to biotechnology

The 2014 BIO International Convention in San Diego provides opportunity for exhibitors and participants to meet senior executives and influential decision makers to identify new players in the industry, form alliances, and evaluate emerging technologies. During the Convention, Invest in Bogota held meetings with 13 biotechnology companies, investment funds, and pharmaceutical companies, among others. Meetings were also held with advertising agencies as well as Latin American and European biotechnology associations to develop partnerships that will strengthen the local industry’s promotional strategy and pursue the possibility of or-ganizing similar events in the city.

In September 2014, seeking to cover the world’s key technology nodes, Invest in Bogota will attend one of the most important international meetings of biotechnology in Europe, BioSpain 2014, held in Santiago de Compostela (Spain). In partnership with iNNpulsa, the agency will participate with a cubicle to promote the Bogota Region as a hub of biotechnology in Latin America.

According to Juan Gabriel Pérez, the CEO of Invest in Bogota, “Attracting investment in the biotechnology sector is a priority because it has a transverse impact on other industries and is essential for their development. We have identified investment opportunities in sectors that use biotechnology such as agriculture and food, health (human and animal), medicine, cosmet-ics, environmental conservation, and industry scaling services.”

Pérez continues, “The Colombian capital hosts 47% of the country’s active researchers and annually graduates more than 25,000 students in areas related to biotechnology. The city is also home to many public, private, and university research centers related to this industry, which demands a high level of innovation.”

The Bogota Region has the elements needed to serve as a biotechnology hub in Latin America:

Biodiversity: Colombia claims the world’s highest biodiversity per square meter. It is home to 10% to 14% of the planet's biodiversity—without counting microbial or marine biodiversity.

Scientific and technological supply: Bogota and Cundinamarca host over 2,000 active research groups. The city represents more than 43% of the country’s total R&D investment, and attracts about 51% of the science, technology, and innovation activities. Bogota and Cundinamarca have 35 universities and several research centers related to biotechnology such as the Bio-technology Institute of the National University, the Institute of Immunology Foundation of Colombia (FIDIC), Corpogen, and the Agroindustrial Technology Corridor of Bogota and Cundinamarca.

Institutional support: Both the national government and the Bogota and Cundinamarca local governments have identified the sector as a priority. Specifically, the region is developing pro-jects and initiatives around agricultural biotechnology that seek to make seed improvements, guarantee food security, develop foods with functional and phytotherapeutic properties, and offer natural cosmetics.

Skilled workforce: Bogota is home to the highest number of graduates for Masters and post-graduate courses in the country, and has 115 higher education institutions that enroll more than 582,000 students and graduate about 100,000 professionals and technicians annually.

Growing market size and access to global markets: Bogota and Cundinamarca have a popula-tion of 10 million inhabitants and a GDP of US$ 90 billion—far higher than many Latin Ameri-can countries. Because of the different international free trade agreements in force, compa-nies based in the region have easy access to a global market of US$ 41 billion and 1.4 billion people.

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