Fast-growing companies in Uppsala’s life science cluster
During 2017, Uppsala BIO is updating its strategy for business establishment and growth. One part of this task is performing quantitative and qualitative studies to ensure that we take the right actions. We want to see organic growth in existing companies as well as new establishments.
We have therefore analyzed the life science sector in Uppsala, focusing on growth in small and medium-sized companies (10-250 employees), using data from the Swedish Companies Registration Office. In addition, we interviewed the CEO or other member of the management team of some twenty companies.
Between 2014 and 2015, the number of employees in this category increased by 11%. If we include 2013 as well, the increase is almost 20%. Furthermore, revenue increased by 11.5% between 2014 and 2015. It all sends out a strong signal – our region is home to some very viable companies!
Development in terms of employees in medium-sized companies 2013-2015
In our interviews we tried to identify the factors that affect a company’s future growth. One challenge mentioned by several is finding the finance to expand – to enter new geographic markets or develop additional product lines, for example. This need is in the range 50-200 MSEK – more than soft money offers but less than the lower limit of many investors. We have therefore met a number of investors to create interest in Uppsala’s life science and identify those interested in entering companies and supporting their growth. An initial meeting between a small group of investors and companies will be held this autumn and we look forward to the results. If all goes well, this should mean new knowledge, new contacts and, hopefully, new investments in Uppsala.
Want to know more? Don’t hesitate to contact me!
Director, Life Science Cluster Development
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