Growing the Irish BioIndustry - Irish Business and employers ...

Growing the Irish Biotechnology Industry
Biotech Companies Anticipation of
Future Growth
Figure 7. Biotech Companies’ Anticipation of Future Growth
Biotech companies are looking to the future (next
five years) with great confidence anticipating growth
in Investment; Biotechnology R&D; Manufacturing
and Numbers of employees (fig.7).
Benefits that Support Investment
% of companies predicting growth
100%
75%
50%
25%
(96%) (96%)
(78%) (78%)
Respondents were asked to identify the top five
benefits that support investment decision-making. In
order of priority the following five were identified:
Educated and skilled workforce; Taxation; Positive
R&D environment; Strong and integrated
government support systems for industry and a
track record of good commercial ideas (fig.8).
0
Growth in
Investment
Growth in
Biotechnology
R&D
Growth in
Manufacturing
Areas of Future Growth (5Years)
Growth in
Numbers of
employees
Figure 8. Top 5 Benefits that Support Investment
% of companies rating benefit important
100%
75%
50%
25%
0
(82%)
Education
and skilled
workforce
(74%) (70%)
Taxation
Positive R&D
environment
Areas of Future Growth (5Years)
(44%)
Strong and
integrated
government
support
systems for
industry
(41%)
Track record
of good
commercial
ideas
Table 2. Other Factors Identified
that Positively Influence
Investment in Ireland
■ Access to overseas markets
■ Strong track record in Foreign
Direct Investment
■ Strong economy
■ Strong Management Culture
■ Regulatory environment
■ Access to professional advisory
services
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