Industrial Biotechnology Innovation Centre Revenue and Competitors

IBioIC was launched in January 2014 with the full and strong support of industrial companies ranging from startups to multi-national corporations covering all four colours of Industrial Biotechnology. IBioIC harnesses the combined intellectual horsepower of 18 Higher Education Institutes and creates a single portal for industry to connect with Industrial Biotechnology technology. IBioIC's vision is to create a truly distinctive, world-leading innovation centre for industrial biotechnology. We accelerate and de-risk the development of commercially viable, sustainable solutions for high-value manufacturing in chemistry-using and life science sectors. By 2030 our target is to generate £1 to £1.5bn of Gross Value Added contribution annually to the Scottish economy, which represents a growth of revenue from today's estimated value of £190M, to between £2 and £3bn. IBioIC's role, as a specialist in industrial biotechnology (IB), is to stimulate the growth of the IB sector in Scotland to £900 million by 2025. IBioIC connects industry, academia and government and facilitates collaborations, provides scale-up capabilities, creates networks and develops skills. IBioIC recognises the extensive intellectual, physical and natural resources that exist in Scotland and seeks to accelerate, catalyse and leverage the development and commercial exploitation through this highly distinctive capability.