LSN Making Advances to Grow Its European Ecosystem

5 Mar

By Gregory Mannix, Vice President International Business Development, LSN

I have been spending a great deal of time in Europe developing the LSN European Ecosystem, and this culminated in bringing the RESI Conference Series to Europe for the first time in 2019. The second RESI Europe conference will take place in a few short weeks in Paris on March 23rd. Here is a snapshot of what I have learned from my travels over the last 18 months.

What I see is many early-stage life science companies with great technology, moving and developing within a mostly regional ecosystem. This includes investors, government agencies, angels, family offices, VCs, PEs and Pharma and Medtech players.  The inevitable result is a huge bottleneck in which startups can’t find nearly enough regional investment partners, forcing scientist-entrepreneurs who are looking to raise their series A and B rounds to look outside of the region.  The challenge is that most are not prepared for this change and struggle with cultural and business practice differences. This is where LSN comes in, with valuable insight through our Fundraising Bootcamps and by bringing the global-focused RESI Conference Series to Europe.

Europe has a vibrant early-stage community of startups across the 4 Ds: Drugs, Devices, Diagnostics and Digital Health. Within the broader life sciences sector, including CROs and other service providers, research institutions and investment firms, our data tracks over 5,000 such companies around Europe that we have broken down below. In addition, the role startups play in moving the industry forward is evidenced by the fact that 2/3 of the assets in therapeutics are still in development.

 

Below is a list of all of the locations where LSN has been holding our Fundraising Bootcamps over the past 18 months, where we have recruited, trained and held one-on-one coaching sessions at some of the main tech hubs in Europe.  All told, LSN has reached almost 600 companies in the last year through our on-site Bootcamps, helping these companies expand outside their regions and enter LSN’s global ecosystem.

 

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