Life sciences twinning agreement reached between Welsh Government and Medicon Village, Sweden
A TWINNING agreement agreed with Wales means a link with one of Europe's strongest clusters for life sciences based in Sweden.
Speaking ahead of the BioWales 2013 conference, Economy Minister Edwina Hart said a memorandum of understanding had been agreed between the Welsh Government and Medicon Village.
It is set to create wide-ranging opportunities and benefits in the and the first international partnership for Medicon.
Medicon Village is at the heart of Medicon Valley — one of Europe's strongest life science clusters — home to hundreds of businesses and a centre for research institutions.
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More than 40,000 people work in the sector and it is a dynamic hub for research, innovation and entrepreneurship.
The links between Wales and Medicon Village and Medicon Valley were developed last year during a Welsh Government visit to the region, which spans the Greater Copenhagen area in Denmark and the Skåne region of southern Sweden.
Mrs Hart said: "This memorandum of understanding is designed to bring mutual benefits to businesses and organisations in both regions. I see it as the start of a long term, wide-ranging collaboration.
"It will provide businesses and research institutions with an unique opportunity to work much closer on an international level with a well-established and strong European life science cluster to find partners, collaborators and investors and help promote international business development."