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Istanbul Biomedical Research Center (IBRC) - Economic Research Report

Completed project (March 2013-May 2013)

Origin of funding: Bio Istanbul Project Development and Investment Company

This Project is designed for preparing the report to introduce the added value and economic benefits to be provided by Istanbul Biomedical Research Center (IBRC) which will be established by Bio Istanbul Project Development and Investment Company as a part of Bio Istanbul Project. The aim of this study is to prepare the report at which scientific and technological infrastructure provided by the research studies performed at IBRC and positive contributions to national economy, resulting from the added value of output products of these studies are introduced.

In the scope of the project following analyses and studies were performed:

1)Analysis of pharmaceutical and medical devices industry trends in the world: Economic size, employment potential, foreign trade data and related trend analysis were carried out for these sectors in the world. Besides, experiences of developing and fast developing countries at these sectors (Germany, Switzerland, Ireland, China, Singapore, and South Korea) were analyzed.

2)Analysis of current situation and defining shortcomings and problems in Turkey: R&D, scientific studies, manufacturing, foreign trade, employment and competitiveness analyses were performed for pharmaceuticals and medical devices industries in Turkey.

3)Analysis of public support and incentive mechanisms: Incentives and financial supports provided by ministry of science industry and technology, ministry of economics, ministry of development, ministry of health and related institutions were included.

4)Impact assessment of IBRC: By the outputs of global trend analysis and determination of the existing state in Turkey, the deficiencies and potentials of these industries were investigated. Contributions of IBRC and Bio Istanbul to eliminate shortcomings of value chain and improve science and technology were presented.