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Biotechnology in Hungary - report from BioForum 2013

Biotechnology in Hungary - report from BioForum 2013

Publish date: 2013-06-03

The Hungarian Biotechnology Association, with which Polish Biotechnology Association signed a cooperation agreement during BioForum 2013, binds together around 100 companies, while Polish counterpart only 21. Mutual cooperation of these two organizations opens up new prospects for Polish and Hungarian enterprises, among others, it will help them stand out internationally. Hungarian representatives talk about biotechnology in their country.

Tags: bioforum , biotechnology , hungary

Erno Duda, President of the Hungarian Biotechnology Association: ‘More than 10 000 companies involved in biotechnology and general life science are currently operating worldwide. This is a very impressive result for such a young industry. The entire biotechnology sector is growing much faster than other industries. Small businesses grow the quickest - this is not an usual situation, a phenomenon one may say.’

‘After many years of struggle, last year Hungarian companies managed to introduce as many as 39 new medical products to the world market. This is a very good result and great news for the sector. It is expected that in 2016 as many as 7 of the 10 top-selling drugs on the market will be products of modern biotechnology. More and more generics also appear. Large pharmaceutical companies do not take this fact sufficiently into account. It portends trouble for them in the future, because their strategy is not based on this type of products.’

Erno Duda adds: ‘Collecting money for research and development of the companies from life science sector is a challenge all over the world, but currently the Hungarian situation is quite unusual, as raising of founds for the development of the company is simplified.’

Replying to the additional question asked by the editor of the Portal, Erno Duda adds: ‘The aforementioned funding comes from the EU and is specifically dedicated to support emerging companies in the life science sector. Therefore Hungary is at the moment a great place for anyone thinking about starting such enterprise.’

‘Also, so-called Business Angels appear in Hungary and they work quite rapidly and I know that they are investing in a number of initiatives at a time. In my opinion, the development of the biotech industry will be conducted in the future even more dynamically than it happens now.’

Dr. Arnold Feher from Hungarian Convincive Consulting talked about the greatest achievements of the Hungarian biosector in 2012: ‘We can now say that our biotechnology sector has a high resistance to the global economic crisises. We can also be proud of consolidated companies involved in the so-called red biotechnology and those engaged in agro-biotechnology and industrial biotechnology. We have a very strong bioinformatics background here in Hungary and it is still being developed very intensively.’

‘In Hungary, most of the companies operating in this sector focus on medical biotechnology. In 2011, the entire Hungarian life science sector employed 1800 people, but in 2010 this number was similar.’

Monika Aliz Meszaros from the Hungarian Investment and Trade Agency: ‘We focus on supporting small and medium-sized Hungarian companies, but large ones can sometimes also count on our support. At present, we support about 300 enterprises from Hungarian life science sector. We help them, for example, to present themselves at international trade fairs, such as Bio-Europe, Bio International, or CPhl Pharmaceutical Ingredients. At the moment, more than 40 companies are enrolled for such events that will take place this year.’

‘We also provide assistance in the search for business partners, organize seminars and trainings. We help in submitting applications for grants, organizing delegations and offer ‘tailored’ advices to fit individual needs of every single company.’

Cooperation of Polish and Hungarian biotechnological environment opens up completely new possibilities. It is to be hoped that everyone will benefit from it in the right way and thus contribute to the development of the industry in both partner countries.

 

Tomasz Domagała

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