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Realisation of Young Innovative Company Status, YIC, for biotech companies

Final Report Summary - YIC STATUS (Realisation of Young Innovative Company Status, YIC, for biotech companies)

The main objective of the project is to develop a common plan for realisation of young innovative company (YIC) status for biotech companies in Sweden, Norway, Estonia and Finland, and to disseminate the experience gained to biotech organisations in other parts of Europe.

National Taskforces have been established in each of the four countries to promote and encourage the adoption of the YIC in each country. They consist of high level stakeholders and representatives from the participating organisations. The groups were established during the first three project months and they function as advisors and sounding boards to the project. Close contacts between the groups have been established.

A benchmarking study was performed, with data collected both through desk research and through interviews with international decision makers. The study provided a foundation for a fact-based discussion and input to a high level seminar in February 2007. Preparation of national implementation plans werecarried out. They were finally collected in a common document. Dissemination of the project results was a key issue in the proposed cooperation. Briefings were organised for journalists, meetings were set up for targeted stakeholders and a training manual and a handbook for policy makers was developed.

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