Overview

Life Sciences

The role of the innovation ecosystem in life sciences for Italy’s growth and competitiveness

Within the context of the fifth Life Sciences Technology Forum, the position paper was presented. The aim of the position paper is to provide businesses, institutions and other players in the sector with an up-to-date picture of the life sciences innovation and research ecosystem by contributing to highlighting both the strong points and obstacles, as well as the priorities for action.

 

The role of the innovation ecosystem in life sciences for Italy’s growth and competitiveness

The aim of the position paper is to provide businesses, institutions and other players in the sector with an up-to-date picture of the life sciences innovation and research ecosystem by contributing to highlighting both the strong points and obstacles, as well as the priorities for action.

The information presented confirms how dynamic the sector is. Venture capital investment in life sciences throughout the world has reached a record amount of $60 billion and investment in biotech and pharma R&D will be $213 billion in 2024, compared with the current level of $180 billion.

The most advanced technologies – such as artificial intelligence, machine learning, big data and open platform – are emerging as enablers of a kind of progress that would have been unimaginable just a short time ago. Venture capital investment in artificial intelligence in the life sciences sector increased 10-fold in five years and reached a record amount of $1.3 billion in 2017. The cost of genome sequencing (per genome) has dropped from $95 million in 2001 to $1,300 in February 2019, making it possible to experiment new therapies that could modify the history of a number of serious diseases and potentially completely modify their clinical evolution.

Position Paper

 




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