FLANDERS: A CENTER OF EXCELLENCE IN BIOTECH & LIFE SCIENCES Sultan Demir September 10, 2014 Lund 1 Flanders in Belgium and Europe Brussels, capital of Flanders • Capital of Flanders, Belgium & European Union • Home of the European Commission and NATO • Multilingual • Multicultural • Major multinationals have their decision center in Belgium: • Approximately 2.300 foreign companies have set up European HQ or sales subsidiary in Belgium • 5.000 diplomats, 15.000 lobbyists and 1.500 international press members Belgium and Flanders as a region has the most globalised economy in the world KOF Index of Globalization 2013 100 92,3 91,33 90 85,39 83,86 81,08 80 74,76 70 63,73 60 50 40 30 20 10 0 Belgium Netherlands UK France Germany USA Japan KOF Index 2013 measures 25 variables indicating degree of integration into world economy KOF stands for Konjunkturforschung (Business cycle research) The economic power base of Europe: “The Golden Banana” Contains 80% of the purchase power in the EU 2 Flanders Investment & Trade Organisation • Government agency providing confidential information & support to foreign companies wanting to start up or expand operations in Flanders • • • • Identification of optimal location Knowledge & contact center Subsidies & support measures Legal requirements clarified • Extensive & active network • Free of charge • In full confidentiality 75 offices world wide HQ in Brussels Flemish & local employees FIT’s International Network Helsinki Los Angeles Nizhny Novgorod Moskou Montreal Chicago St. Petersburg New York Athens Atlanta Tripoli Caracas Seoul Tokio Osaka Shanghai Guangzhou Taipei Tel Aviv New Delhi Caïro Hongkong Dubai Mumbai Riyad Hanoi Bangalore Bangkok Kuala Lumpur Singapore Beiroet Casablanca Mexico City Istanbul Teheran Peking Oslo Stockholm Edinburgh Dublin Jakarta Lima Kopenhagen Londen Den Haag Johannesburg Sao Paulo Rijsel Sydney Santiago Buenos Aires Auckland Lyon Bordeaux Lissabon Madrid Warschau Berlijn Keulen Stuttgart Parijs Zürich Vilnius Poznan Praag Wenen Boedapest Ljubljana Milaan Barcelona Rome 3 Biotech & life sciences landscape in Flanders World class research institutes & universities Flanders, a life sciences cluster in the Champions League • World class research institutes & universities • 255 organizations in the Life sciences cluster in Flanders • 119 with R&D activities • 71 with production activities • 57 providing dedicated services • Additional network of service and tool providers Recognition by the international financial press Life sciences/biotech companies spread in Flanders Leuven, smart hub Gasthuisberg K.U.Leuven One of the largest university hospitals in Europe < 2,000 beds Established in 1425 34,000 students LRD Tech Transfer Office Arenberg Science Park Haasrode Science Park Arenberg Bio-incubator Focus on ICT and biotechnology Option International, DSP Valley, Innovation &Incubation Center Leuven.Inc Bio-incubator I and II 2 units (3rd in development): ReMynd, OncoMethylome, Thrombogenics,…. IMEC Large R&D intensive park DocPharma, ICOS,Hitachi, Honeywell, Philips,… Largest nanotech R&D center in EU NeuroElectronics Research Facility Intel, Samsung, TI,… Ghent, smart hub Bio-incubator I & II University of Ghent 24 x 250 m2 spaces Houses Ablynx, ActoGeniX, Algo-Nomics, Biomaric World-class university 28,000 students Biotech and biomedical expertise Inst. For Biomedical Tech Science park VIB Bio-focused companies, e.g. Bayer Biosciences, Innogenetiocs, Devgen, Cropdesign,… World center for R&D in biotech Staff > 1,100 Combining engineering with biomedical expertise, drug eluted stents,… Staff 80, campus Univ. Hospital Big pharma, big in Flanders Antwerp Ghent Brussels Capital Region Jan Wauters, New York, 2013 Flemish biotech companies are succesful in partnering • Succesful partnering with big pharma: • Total potential deal value of > 7 bn euro (since 2005) • >1 bn euro received so far • Upfront, milestone payments and R&D collaborations Clinical excellence • N°1 in clinical trials per capita • 5% of the top 100 drugs are developed in Belgium • highest number of drugs in development in the world per capita (>UK, >USA) • The highest number of phase 1 clinical trials in Europe per capita and the highest number of phase 1 to 3 clinical trials per capita Widely available funding for R&D in life sciences • Patent income deduction: • Deduction of 80% of the income from patents from the taxable basis, resulting in an effective tax rate of maximum 6,8% on this income • R&D payroll tax incentive: • exemption of payment of 80% of the personal income withholding tax of researchers • R&D tax credit /investment deduction: • Investment deduction for R&D related investments: deduction of 13,5% on the investment value (in one shot) OR 20,5% on the annual depreciation (spread deduction) • Investment deduction in patents or licenses on patents deduction of 13,5% on the investment value • Notional interest deduction: • Allows companies to reduce their taxable base by a fictious interest cost on the adjusted equity capital (2.63% tax year 2015, SME 3.13%) Bottom line... 4.8% corporate effective tax rate Ease of setting up a business: in only 3 days JOIN US IN FLANDERS The right place The right platform The right expertise The right infrastructure Sultan Demir Deputy director Inward Investment [email protected] +32 2 504 87 82 Koning Albert II-laan 37 1030 Brussels BELGIUM
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