|22 March 2016|

Scotland

MediCity Scotland, a new medical technology incubator at the BioCity Group campus in Lanarkshire, has been officially launched at a packed event.

With the emphasis on creating economic growth in the country, BioCity has converted one of its existing buildings to allow companies a choice of flexible and virtual office space, workshops and laboratories.

MediCity welcomed its first company OracleBio in January and is expected to enable the creation and growth of over 50 new healthcare businesses over the next five years, creating over 350 jobs as a result.

MediCity is part of BioCity Group, the Bioscience incubation specialist with locations in England, including BioCity and MediCity, and Scotland (BioCity Scotland at Newhouse). MediCity Scotland follows in the footsteps of the MediCity facility in Nottingham, established in partnership with the Walgreens Boots Alliance.

Today’s event, ‘Accelerating Global Demand for MedTech Innovation’, featured speakers such as Donald McIver, founder of Gael and Managing Director of MindGenius, Dr John Waller, Chief Operating Officer at OracleBio and George MacGinnis of PA Consulting. Guests heard first hand of the drive and commitment in the burgeoning international medical technology sector.

“Medtech is one of the most exciting areas of life sciences and Scotland has a long illustrious history of ground breaking innovation, explained  Dr Barbara Blaney, Senior Incubation Manager at MediCity Scotland. “By tapping into the BioCity Group network, our international, industry specific mentor group and the wider community; this new initiative presents a great opportunity to build and expand the Medtech, Healthcare and Wellbeing cluster in Scotland.”

Julia Brown, Director of Life and Chemical Sciences at Scottish Enterprise, said: “MediCity stands to become an important launch pad for many Scottish med-tech companies and will play a vital role in supporting our flourishing life sciences industry.

“Scotland’s life sciences industry attracts huge investor confidence, with some £40 million invested into Scottish companies in the sector during 2015. Facilities like MediCity will help us leverage that strong reputation and the opportunities for Scotland to incubate and develop more high growth companies.”

To find out more about BioCity Scotland and MediCity Scotland, click here.