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Part 2: The Golden Triangle




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Video title: Part 2: The Golden Triangle
Released on: August 11, 2009. © PharmaVentures Ltd
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  • Summary
  • Transcript
  • Participants
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In June 2009 ERBI, OBN and LBN announced an escalation in their collaborative efforts, joining together to represent the three UK regions as a single body on the international scene. This was not a merger of the three organisations involved, simply a more formalised means to collaborate. At BIO 2009 the CEO’s of all three organisations joined us to discuss bringing the three major lifescience and healthcare networking groups of the Greater South East of England together to form a super cluster and to explain how this provides potential international partners and investors with a simple access route to the opportunities in each of the regions.
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The golden triangle is involved in strengthening the financial operations of biotech.
Fintan Walton:
So when we think about that Harriet, the concept that's of very important thing that Tonymentioned there which is money and financing, isn't it an important also for The Golden Triangle to be successful that is not just a matter of cooperation, coordinating in a biotech level, it's at a financing level as well it's, because lot of the companies in each of those, each of your regions are financed by both obviously VC's the normal VC organizations some of them are based in locally and different parts of your regions. But equally important you've got a business agents who tend to work operate locally as well. So is part of The Golden Triangle concept to try and pull together and strengthen and it definitely needs strengthening the financing operations for biotech?
Harriet Fear:
Yeah, absolutely. I mean when I recently became the CEO of ERBI three months ago and frankly I have been quite surprised at the -- the difficulty that the company is facing at the moment some fairly well known names and I think one of the compelling reasons for us doing some of the compelling offer that we have got is that situated within each of our regions we have that community we talked about you know philanthropic people, business angels, venture capitalists. We have people who are still prepared you know deals are still being done it's not all doom and gloom and we have --
Fintan Walton:
Sure.
Harriet Fear:
We have some examples we could argue that being at the right product in the right market ever low with the money is just how much time do you have to spend to find it.
Fintan Walton:
Yeah.
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Harriet Fear
CEO, ERBI
Tony Jones, Director of Biotechnology & Healthcare London First. After completing a PhD in Biochemistry (1992) from the University of Southampton UK, Tony Jones undertook several years of post-doctoral research in the oncology field, primarily with the Imperial Cancer Research Fund taking novel neuropeptide antagonists into Phase 1. In 1997, he moved into Technology Transfer with the Medical Research Council and later (1998) moved to University College London, where he was Business Development Manager at the Wolfson Institute for Biomedical Research until November 2003. In November 2003, he took up the post of Director of Biotechnology & Healthcare at London First, managing the London Biotechnology Network and promotion of London's excellence in healthcare research and delivery. Recruited as Director in late 2003 for the London Biotechnology Network (LBN), Tony has moved the LBN from a primarily inward looking London group to an outward facing business network. Dr.Jon Rees is CEO of OBN, having taken over the direction of the network's activities in July 2005, taking the organization to financial self-sustainability, diversifying it's business, and leading the spin-out of OBN from the University in July 2008. As executive director, Dr. Rees's it's on the 5-member Board of OBN, developing strategy for the organization as well as business planning. Jon was a scientist by training, but also has several years' background in Project Management, which he moved into after having worked as a post-doctoral research officer in the Dept. of Plant Sciences (Univ. Oxford) publishing in peer-reviewed plant biotechnology journals. Jon conceptualized BioTrinity, now OBN's flagship one-to-one biotechnology partnering and investment conference which showcases the South East most promising biotech's which attracted 400 delegates in it's first year - and at which over 500 partnering meetings were held. BioTrinity became the largest biopartnering meeting in South East England (SEEDA) region in it's inaugural year. Dr. Rees also instigated OBN's Group Purchasing Scheme which is expected to save OBN Member companies up to "1m over it's first two years. Jon completed his molecular biology PhD in 2000. Harriet Fear joined the ERBI team from the Diplomatic Service. She has worked in many British Embassies around the globe across all continents. She has spent the last 10 years working in the commercial field, the latter five years of which she has led the life sciences Trade Team at UK Trade & Investment. This role saw her leading the UK presence at major international events such as BIO and Medica and championing the international plans of biotech, pharma, healthcare and Medtech companies throughout the UK. She also played a pivotal role in the selling of the UK life sciences sector internationally, working with industry leaders to develop a life sciences Marketing Strategy for the UK.
London Biotechnology Network
The London Biotechnology Network (LBN) began in 2000 and has since grown to be a stalwart addition to the London life sciences community. LBN is a business network of over 800 organizations and 2000 members from the biopharmaceutical sector, academia, venture capital community, legal and accounting services, and consultants with an interest in the sector. LBN strives to provide members with relevant information and networking opportunities to cultivate the right environment for innovation and collaboration in the life sciences community. OBNOBN is a not-for-profit biotech business network which exists to catalyze the growth and development of the Oxford and South-East biotech super-cluster. Their activities can be summarized as networking, partnering, and group purchasing, advice and information dissemination. ERBIERBI was established in 1997 with a grant for 3 years from the DTI. As a networking organization for Cambridge and the East of England, their original goal was to provide a platform for biotechnology and related companies to meet and interact through attending regular meetings. In 2000 ERBI became a private, not-for-profit, self -financing, membership based company. Their Board and Steering Group are made up of representatives from all walks of the bio-community including major pharma, large and small biotech's and professional advisers. Today they have almost 300 members and ERBI is currently Europe's leading regional bio industry group.