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IQE and IOM support Biomed Sector

Posted on in IQE Isle of Man

Biomed is an emerging sector on the Isle of Man and has been endorsed by the Isle of Man Government who are committed to encouraging a successful diversified economy on the Island, building on their success with other sectors such as e-business, aircraft registrations, film production, space commerce, light engineering, high tech manufacturing, quality food producers and financial services.

The ManxBioMed Cluster

The ManxBioMed Cluster offers effective interaction and meaningful dialogue with existing cluster members already well established on Island. Members work in a wide range of areas, including cost effective industry-tailored pre-clinical and clinical drug development, manufacture of medical devices, regulatory, compliance & audit as well as medical insurance and include businesses such as Bodystat (medical devices and related software), Prometic Biosciences (manufacturing), Nasaleze (manufacturing and sales) and SEQ (quality management and pharmacovigilance).

On 30th November, ManxBioMed held a Seminar "Future Growth and Development of Isle of Man BioMed".  The Seminar discussed patient outcomes, maximising the Isle of Man's opportunities to create jobs and contribute to the continued growth of the Island's economy.

The day combined presentations and discussions in key areas of interest to both Island businesses and visitors.  David Karran, Managing Director of IQE was invited to sit on a panel of professionals discussing how to maximise the value of Isle of Man domicile.  The panel discussed a number of case studies for hypothetical biomed businesses looking to establish some or all of their business on the Island.  Whilst there are many facets to consider, the common finding was that there was a requirement for a physical presence in the Isle of Man and that it was much easier to establish from the outset rather than moving an existing business.  Those which would be best served in the Isle of Man would be those who could benefit from the space available, the funding available, access to supportive and proactive Government and a growing economy.

A safe place to live and work, as well as being a place of outstanding natural beauty, the Isle of Man is an attractive place for entrepreneurs and their families to integrate into the Island's communities and take advantage of an exceptional work life balance, as well as enabling them to grow their businesses in a stable and forward thinking environment.  The Island offers an excellent IT infrastructure with uninterrupted power with the growth of E-Gaming business on the Island and home to six data centres providing testament to the resilient power, and high speed connectivity making the Island the perfect location for hosting critical IT assets.

IQE services include company formation, incubator office services, as well as key staff relocation assistance and applications.  For more information please contact Moira McHarrie mmcharrie@iqe.im or David Karran dkarran@iqe.im or call +44 (0) 1624 689589.

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