Digital RESI Format Delivers Promising Results

24 Sep

By Gregory Mannix, Chief Conference Officer, Vice President International Business Development, LSN

Life Science Nation (LSN) was preparing for RESI Europe to take place on March 23, 2020 in Paris when the world turned upside-down. Like so many across the globe clamoring to pivot with the changing tides, LSN had to make an unprecedented decision to either cancel the conference or pivot to a digital format with only two weeks’ notice.

At the time, it remained unclear if the core value of the RESI conference series—making meaningful connections through partnering meetings and investor and workshop panels—would be feasible in a digitally delivered conference, but the benefits far outweighed the challenges. The result exceeded even the most optimistic projections as the team worked to transform a regional European event into a truly global event, with participants representing five continents, many of whom would not have traveled to Paris, regardless of the global pandemic. The transition to the digital format has broken down barriers and reduced travel costs in a meaningful way, making the Digital RESI events more accessible than ever. Since March, there have been five Digital RESI events yielding promising trends.

The transition to Digital RESI has enabled the enhancement of the partnering platform, creating many more meeting slots to facilitate meetings among participants from different countries and time zones, mirroring the cross-border industry trends this year. The chart below represents an increase in both the percentage of meetings accepted at the Digital RESI conferences as compared to the pre-pandemic on-site conferences, as well as in the average total number of meetings taking place at each conference.

This encouraging example of adaptation and resilience in the early-stage life science industry bodes well for the future of deal-making across drugs, devices, diagnostics, and digital health. LSN is proud to be a part of the process in a time where these deals have the potential to truly change the world.

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