Singapore Attracts Life Science Companies

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Today, Singapore continues to capitalize on its geographic location as one of the crossroads of the world to grow life science companies. About 70 airlines serve Singapore, making it a gateway to Southeast Asia.

As a testament to their commitment to the life science industry in the 21st century, Singapore built two state-of-the-art biomedical research parks. The Biopolis, a biomedical research complex of seven buildings that houses 2,000 scientists, opened in September 2003.

The first tenants were the Genome Institute of Singapore and the Bioinformatics Institute. Buildings named Centros, Genome, Matrix, Nanos, and Proteos hold biomedical research institutes of the Agency for Science Technology and Research (A*STAR), which oversees scientific efforts under the Ministry of Trade and Industry.

The Biopolis tenants share high-quality technical services, such as DNA sequencing, proteomics, NMR, and FACS (flow activated cell sorting) facilities.

The Biomedical Sciences group of Singapore's Economic Development Board, Bio*One Capital, and A*STAR work in close partnership to develop, fund, and build life science companies and facilities. The joint initiative, launched in 2000, is paying off. Between 2003 and 2004, manufacturing output in the biomedical sciences sector rose 33%, and employment grew 7% to 9,225 workers.

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