Monthly Archive for June, 2005

The BVA comes to Budapest

On Tuesday I took part as a coach and moderator at Europe Unlimited’s Biotech Venture Academy, held here in Budapest. I attended the BVA in Warsaw in March, and offered my impressions about how well the format works. Hungary has a reputation as the region’s leader in biotech, so I was interested in comparing the quality of attendees at the two events.

The first thing I want to say about Budapest Biotech Venture Academy is that the quality of participation was high. The BVA format puts entrepreneurs in front of a group of business coaches to pitch their companies. The coaches offer their criticism and suggestions, and they work with each entrepreneur in a one-on-one meeting to improve the presentation.

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Slovak biotech at the BVA

Biotechnology in Slovakia is developing in following four areas - food industry, environment, agriculture and pharmacy. Except agriculture all mention areas are primary oriented on academic or university research only. The year 2005 is symbolised in Slovakia as important milestone for future development of Slovak R&D institutions - new legislation on support in R&D started to be implemented yet. Unfortunately, during transition period many financial support for previous “old” projects are limited.

During NETIES project activities we identified in Slovakia several research teams with big potential for their further growth. Under several discussions with representatives of the Chemistry Faculty at the Slovak Technical University in Bratislava and the Pharmacy Faculty of the Commenius University in Bratislava, the NETIES team in Slovakia prepared travel arrengements and support for personal participation of two representatives of mention research teams in the Budapest Biotechnology Venture Academy, which was held yesterday in Budapest.