France Biotech presents twelfth annual Panorama of the Life Sciences survey results
France Biotech, an association for life sciences entrepreneurs, has published the twelfth edition of its Panorama of the Life Sciences industry.
It has made several recommendations to implement a policy to promote the development of innovative life sciences companies. France Biotech recommends placing life science innovation at the heart of public health policies and strengthening and developing the number of venture capital investment funds by channeling 5% of French household life insurance towards investment in innovative companies.
It also advocates adapting the lifespan of FCICs (a form of mutual fund particular to France), and the status of jeune entreprise innovante, a program supporting innovative research and development investments, including with tax breaks. This is because the investment cycle in life sciences is longer than other sectors, which is a disadvantage being upheld by the current processes and protocols.
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