The Region's Engagement in Life Science and WCMTM – An Investment in the Future
Ten years ago, Region Västra Götaland (VGR) made a strategic decision to invest in the Wallenberg Centre for Molecular and Translational Medicine (WCMTM). Through an agreement signed by both the Regional Director and the Regional Executive Board, SEK 151 million was allocated for the first ten-year period. This decision, anchored at the political level, is part of VGR’s long-term strategy to strengthen the region’s role in healthcare and innovation.
FACTS: Life Science in Western Sweden and Europe
- Two prominent life science clusters have emerged in the Gothenburg region. One revolves around academic institutions such as the Sahlgrenska Academy, the Faculty of Science and Technology, the School of Business, Economics and Law, and Chalmers University of Technology, which strongly focuses on health and technology. The other is centered around AstraZeneca and GoCo Health Innovation City in Mölndal. These two clusters, located within a radius of just over ten kilometers, form the core of the Western Swedish life science ecosystem and significantly contribute to the region’s economy and attractiveness.
- According to the Swedish Research Council’s evaluations two years in a row, Region Västra Götaland is a leading actor in Sweden within clinical research, and has established itself as a strong innovation region in Europe. Through regional nodes such as Gothia Forum, Biobank Väst, Registercentrum, and the Innovation Platform, there is a robust infrastructure for continued development and innovation.
- In Sweden, the life science sector is central to the economy, contributing 10 percent of the country’s total goods exports, with AstraZeneca as the leading player.
- At the EU level, pharmaceutical development is ranked as one of the ten most important areas to strengthen the union’s global competitiveness.