The BioIndustry Association will use the Bio Angel network to bring increased private investment to firms starting up in the sector, according to the Scotsman.
We'd say the current markets are very encouraging. […] what we are seeing is a very different, risk-averse approach, perhaps due to the current [economic climate.
Barbara Blaney
Scotland director
The BioIndustry Association
Barbara Blaney, Scotland director for the BioIndustry Association, suggested that the ongoing economic downturn has seen a decline in the number of venture capitalists channelling funds into new businesses. However, the organisation believes there are still opportunities for investment in newer firms.
Ms Blaney told the newspaper: "We'd say the current markets are very encouraging. […] what we are seeing is a very different, risk-averse approach, perhaps due to the current [economic climate.
The BioIndustry Association works to promote the interests of organisations working in the UK biotechnology sector, from new ventures to international pharmaceutical firms.
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