ICEX-INVEST IN SPAIN

Life Sciences

Industry Contact
Bárbara López Gómez
Investor Services Manager

Why Spanish Life Science Sector?

  • Solid basic science: Spain is 10th world scientific power and 5th by scientific production in the EU15.
  • Integrated healthcare system: Spain has an extensive network of 800 hospitals, both public and private, backed by leading-edge research centres. The system is ideal for translational medicine and discovering new drugs and advanced therapies.
  • Consolidation of biotechnology sector and established pharmaceutical industry: Biotech companies are growing faster here than in other countries and pharma industry is leader in R+D spending in Spain.
  • Government support: the Spanish government offers low-interest credits and incentives during the start-up and growth phases of life science companies.
  • Excellent infrastructure for innovation: exponential growth of science and technology parks (nearly 80), research centres and institutes of technology. Spain’s infrastructure also incorporates the latest technology for life science projects.
  • Highly qualified workforce: in some areas of Spain the percentage of workers with post-graduate studies is higher than the European average. There is a surplus of talent for competitive and innovative projects.
  • Favourable cost-benefit ratio of human capital: the cost per hour is less than average for EU25. Salaries are lower but the attraction of working on scientific or biotech projects is high because there are few innovative jobs.

For further information about this sector please see the document “Spain for Biotechnology, Pharmacy and Life Sciences”. 

For further information, please visit the Business Opportunities tab for this sector. You can also find in the reports section some of the most relevant studies on the sector.

To find Grants & Incentives available for this sector, click here to access our online database and select "Biotechnology" under "Industry", one of our search parameters.




Last updated: 29|04|2015

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