From June 3rd to June 6th, the Argentine Embassy along with 19 companies and the Argentine Investment and Trade Promotion Agency, participated in the 2019 BIO International Convention held in Philadelphia. It is the largest in the world and brings together over 300 academic institutions, 1800 exhibitors, 70 countries and 16,000 visitors. Year after year since 1993, this exhibit attracts a higher number of participants from the global private and public sectors, thanks to its business and training potential, ranging from investments, registration and patenting.
There are around 200 very well-known biotech companies in Argentina for their R&D that have made our country into a magnet for scientific and technological based companies, thus contributing to increase our knowledge base exports to the world. In this regard, the recent passing of the Knowledge Economy Act helps positioning our country at a regional and international level, creating a great opportunity to show the world our diversified exports: from food to biotechnology.
Most of the companies participating in the Exhibit pertain to the subsectors of human health, animal health, inoculants, animal reproduction, industrial inputs, seeds, assisted human fertilization, plant micro-propagation, biofuels and food (For the list of participating Argentine companies, please open the attached catalogue).
The companies’ agendas were packed with meetings, thanks to the use of the Exhibit’s B2B Portal and the fact that the Embassy organized meetings with the National Institutes of Health (NIH), the Indiana Chamber of Commerce, the Bio Organization, as well as with potential investors, all with very positive results.
There is a great potential for joint development and alliances between the United States, a world leader in this field, and Argentina, that stands out thanks to the number of companies in the sector and the global recognition for the development of agro, food and human health biotechnology. Recent developments in healthtech like medical devices, telemedicine, 3D solutions for surgeries and biosensors should be highlighted. In addition, the presence of public and educational institutions such as the Instituto Nacional de Tecnología Agropecuaria (INTA), Instituto Nacional de Tecnología Industrial (INTI), Agencia Nacional de Promoción Científica y Tecnológica, Universidad Nacional del Litoral, Universidad Nacional de Quilmes, Fundación Instituto Leloir, Instituto de Biología y Medicina Experimental and the Instituto de Investigación en Biomedicina del Polo Científico Tecnológico of Buenos Aires, among others, actively contribute to create an active and dynamic ecosystem for the ongoing growth of the sector.
The argentine participation in this Convention contributed to expand business contacts, strategic partnerships, exchange of knowledge and technology transfer and to Argentina´s consolidation as a regional and world reference.