The primary goal of the current Action Plan is to maximize the region’s economic output and growth from biotechnology, as well as resulting societal benefits (most importantly health, wellbeing, environment). To address this, all types of “growth engines” are to be considered, from local startups and SMEs (new industry), to the existing industry, to external actors (FDI).

This implies improving all inputs and resources required by these economic players – talent, science, capital, infrastructure, policy, etc. Which, in turn, necessitates coordinated efforts by all ecosystem stakeholders (universities, institutes, investors, facilitators, governments, wider society), as “originators” of said inputs. Thus, the focus of the activities proposed in the Action Plan is on unlocking regional synergies across the Baltics – considering local ecosystems, capabilities, opportunities, and gaps.