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Biopharmaceuticals Contract Manufacturing market is projected to grow at a CAGR of 10.0% by 2033: Visiongain Reports Ltd

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Visiongain has published a new report entitled Biopharmaceuticals Contract Manufacturing 2023-2033. Forecasts by Source (Mammalian, Non-mammalian), by Service (Process Development, Fill & Finish Operations, Analytical & QC Studies, Packaging), by Product (Biologics, Biosimilars), by Company Size (Small, Mid-sized, Large), by Scale of Operations (Preclinical, Clinical, Commercial) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Impact and Recovery Pattern Analysis 

The biopharmaceuticals contract manufacturing market was valued US$14,140.0 million in 2022 and is projected to grow at a CAGR of 10.0% during the forecast period 2023-2033. 

CROs offer a unique value to biotech businesses, which tend to grow quickly and be resourceful. Established pharma companies can build best-in-class capabilities in-house and selectively outsource, but biotech companies often have to rely on others to provide the full range of clinical services before they can think about building their own development organisations. This is because biotech companies grow quickly and don’t have as much infrastructure for development. 

Also, biotech companies often haven’t made a name for themselves yet. When it comes to interacting with clinical-trial sites, investigators, patients, caregivers, and regulators around the world, biotech companies may not have the same connections or name recognition as a large biopharma or global CRO that has people on the ground and relationships with stakeholders in many countries. 

Also, innovation in clinical development today often means working with specialised companies that offer best-in-breed point solutions, such as electronic clinical outcome assessments, trial payments, and decentralised or virtual trials. Several players such as Science37 and Documentum, focus on one or more parts of the clinical trial life cycle. This is in addition to big companies like Oracle and Veeva that offer technology and data-enablement services for all development activities. Contracting with several best-in-class vendors separately may result in the most advanced clinical trials, but it also takes large-scale vendor management skills and processes that most new biotech companies can’t handle on their own. 

So, biotech companies may partner with a bigger company, like BioNTech did with Pfizer and Genmab did with Janssen and AbbVie, or they may turn to a CRO, which can act as both a general contractor for outside services and a source of practical innovation. CROs that know where biotech companies feel underserved and align their services to fill in the gaps should find a lot of chances to help this fast-growing sector.   

Download Exclusive Sample of Report

https://www.visiongain.com/report/biopharmaceuticals-contract-manufacturing-market-2023/#download_sampe_div

How has COVID-19 had a Significant Impact on the Biopharmaceuticals Contract Manufacturing Market? 

Due to the challenges caused by COVID-19, many businesses have had to hire new contract manufacturers or suppliers of ingredients to keep up with rising demand. Also, because the biopharmaceutical business is always growing, companies that do their own manufacturing are having trouble with production problems like a lack of expertise and high-tech equipment. The number of early-stage bio/pharma businesses has grown because biotechnology is getting better and there are more ways to get money from outside sources.   

Investors’ interest in biopharmaceuticals has expanded to include services such as contract development and manufacturing organisations (CDMOs) and commercial research organisations (CROs). Ampersand Capital, for example, bought Vibalogics, a CDMO that specialises in viridae, live bacteria, and aseptic processing, and Permira bought Quotient Sciences, a UK-based early-stage drug research firm. However, when finances and resources are shifted to “COVID medicines” at the cost of other biologics projects under development for other therapeutic areas, the pandemic has had some detrimental knock-on consequences. Inquiries and orders for pandemic vaccines and medicines are increasing, according to service providers, CDMOs and CROs. 

How will this Report Benefit you? 

Visiongain’s 360-page report provides 140 tables and 167 charts/graphs. Our new study is suitable for anyone requiring commercial, in-depth analyses for the biopharmaceuticals contract manufacturing market, along with detailed segment analysis in the market. Our new study will help you evaluate the overall global and regional market for Biopharmaceuticals Contract Manufacturing. Get financial analysis of the overall market and different segments including source, service, product, company size, scale of operations and capture higher market share. We believe that there are strong opportunities in this fast-growing biopharmaceuticals contract manufacturing market. See how to use the existing and upcoming opportunities in this market to gain revenue benefits in the near future. Moreover, the report will help you to improve your strategic decision-making, allowing you to frame growth strategies, reinforce the analysis of other market players, and maximise the productivity of the company. 

What are the Current Market Drivers? 

Technological Breakthroughs Driving Industry Growth 

Several technological breakthroughs in the last few decades have had a big effect on how small-molecule drugs are made. Also, with the rise of new technologies, biologics have had a big effect on the pharmaceutical industry, bringing about new ways to treat a wide range of diseases, including immune, oncological, and rare ones. Also, the positive results of ongoing clinical research projects have led the government and private sector to spend a lot of money in this field. For example, in 2021, more than US$70 billion was put into the field of cell and gene therapy. But making biologics is not easy and has many problems. Some of the main things that worry innovators today are the rate of drugs or therapies falling out of the pipeline, long development times, the limitations of the facilities they have now, problems with regulations and compliance, and inconsistencies in the quality of the end product. So, people who make therapies are constantly looking for ways to get around the problems that already exist. Outsourcing has become a profitable choice for people who make biologic drugs, among other things.  

At the moment, a lot of companies in the biopharmaceutical field prefer to transfer different tasks to contract service providers, such as biologics manufacturing. Also, it’s important to note that biopharmaceutical contract manufacturers are working hard to strengthen their positions in this field by forming strategic partnerships. This is so they can keep up with the growing demand for biologics. For this reason, there have been large growth, mergers, and acquisitions in this market, as service providers try to become one-stop shops that can meet all of their customers’ needs. Since outsourcing is becoming more and more accepted as a good way to run a business in this area, we expect the biopharmaceutical contract manufacturing market (biopharma CDMO/biopharma CMO) to grow at a significant growth rate in the next few years. 

Quick Turnaround Time Offered by CMOs Projected to Boost Industry Growth 

Bioprocessing improvements and breakthroughs have been very important to the growth of contract service providers because they have helped them solve problems like high production costs and the need to change over between batches. One of the most important innovations is the use of bioprocessing systems that only need to be used once. This helps lower the costs of production and scaling up. Also, CMOs have grown a lot because single-use goods have a quick turnaround time and don’t require a lot of extra work, such as changeover and cleaning validation. 

One common trend in the industry is mergers, acquisitions, and joint ventures, which help CMOs give integrated bioprocessing services to their clients and, in turn, make them a more reliable choice for a quick product launch for commercial use. Large companies, on the other hand, think that outsourcing is risky because they lose strategic control and have less management oversight. Because of this, big pharmaceutical businesses choose to keep their manufacturing in-house. This is likely to slow down the growth of CMOs to some degree. 

Download Exclusive Sample of Report

https://www.visiongain.com/report/biopharmaceuticals-contract-manufacturing-market-2023/#download_sampe_div 

Where are the Market Opportunities? 

Expansion of Fill-and-Finish CMOs 

CMOs have provided biopharmaceutical companies with a vast array of services, from cell culture to product packaging. CMOs provide manufacturing services including process development, fill and finish, analytical and quality control research, and packaging. Due to rising quality concerns and regulatory changes in biopharmaceutical development, the category of analytical & QC studies is anticipated to grow at a significant rate over the forecast period. In accordance with regulatory requirements, new constraints are being imposed on CMOs producing biologics to ensure product purity and safety. 

Emerging Economies to Offer Lucrative Growth Opportunities 

In terms of API production, Asia-Pacific is a sizable region with numerous expanding nations. Despite the fact that the APAC region has a smaller share of healthcare expenditures than established markets in North America and Europe, the region’s growth rate has surpassed that of established markets in North America and Europe. As a result of rising healthcare expenditures, healthcare in APAC has become more affordable and pharmaceutical product demand has increased. The majority of medications used in the United States are produced in domestic facilities. Pharmaceutical companies that sell their products in North America and Europe also rely heavily on contract manufacturers as outsourcing partners. As a result of increased competition, price constraints, and regulatory changes, pharmaceutical companies are outsourcing the procurement and production of raw materials. Asia-Pacific is the fastest-growing market for APIs due to rising consumption, expenditures on healthcare, and availability of pharmaceuticals. 

Competitive Landscape 

The major players operating in the biopharmaceuticals contract manufacturing market are AbbVie, Inc., AGC Biologics, Avantor, Inc., Binex Co., Ltd., Boehringer Ingelheim GmbH, Cambrex Corporation, Catalent Inc, Curia Global, Inc., Cytiva, FUJIFILM Diosynth Biotechnologies, JRS PHARMA, Jubilant Pharma Limited, KBI Biopharma, Lonza, Pfizer CentreOne, ProBioGen, Rentschler Biopharma SE, Samsung Biologics, Sandoz, TOYOBO CO., LTD., Thermo Fisher Scientific and WuXi Biologics among others. These major players operating in this market have adopted various strategies comprising M&A, investment in R&D, collaborations, partnerships, regional business expansion, and new product launch. 

Recent Developments 

  • In March 2023, Catalent launched ProteoSuiteSM Oral suite, which allows the rational selection of orally developable targeted protein degrader (TPD) candidates and their advancement into clinical trials. These emerging therapeutic modalities are typically highly potent and present novel oral bioavailability challenges to formulators. 
  • In November 2022, FUJIFILM Diosynth Biotechnologies expanded its strategic partnership with North Carolina State University (NC State) to create future innovation opportunities through new research projects, sustainable facility design, and bioprocessing advancements at the future Holly Springs cell culture biomanufacturing site. The strategic partnership will focus areas of research and facility design to support FUJIFILM Diosynth Biotechnologies’ goal to achieve net-zero carbon emissions by 2030 for its new $2 billion site in Holly Springs. Additionally, the strategic partnership will create opportunities for the organizations to develop new bioprocess development techniques using machine learning, artificial intelligence, and analytical methods. 

To access the data contained in this document please email [email protected] 

To find more Visiongain research reports on the Pharma sector, click on the following links: 

Do you have any custom requirements we can help you with? Any need for a specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: [email protected] 

About Visiongain 

Visiongain is one of the fastest-growing and most innovative independent market intelligence providers around, the company publishes hundreds of market research reports which it adds to its extensive portfolio each year. These reports offer in-depth analysis across 18 industries worldwide. The reports, which cover 10-year forecasts, are hundreds of pages long, with in-depth market analysis and valuable competitive intelligence data. Visiongain works across a range of vertical markets with a lot of synergies. These markets include automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Our customised and syndicated market research reports offer a bespoke piece of market intelligence customised to your very own business needs. 

Contact: 

Oliver Davison
Visiongain Reports Limited 
Telephone: +44 (0) 20 7336 6100 
Email: [email protected]  
Web: www.visiongain.com

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Brainomix Achieves Breakthrough with FDA Clearance of e-Lung AI Software

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Established market leader in stroke AI imaging receives its first FDA clearance in the lung imaging space.With this expanded foundation of AI-driven healthcare solutions, the Oxford-based company remains committed to driving innovation and delivering impactful advancements in imaging biomarkers.OXFORD, England, and CHICAGO, May 17, 2024 /PRNewswire/ — Brainomix, a pioneer in artificial intelligence (AI) imaging solutions to enable precision medicine, is proud to announce the FDA clearance of its latest product, Brainomix 360 e-Lung. Brainomix’s entry into the lung imaging space follows a series of successful clearances and widespread clinical adoption of its Brainomix 360 Stroke platform in both the US and Europe.

The clearance of e-Lung marks a significant milestone in Brainomix’s journey to expand its footprint in medical imaging beyond stroke-related applications and represents a notable step forward in the quest for advanced lung imaging solutions. The company, with its rich academic heritage and record of scientific excellence, will expand its research collaborations in the pulmonology space to yield new insights to inform future iterations of e-Lung and chart a path towards continual improvements for the lung imaging technology.
Dr Deji Adegunsoye, Assistant Professor of Medicine and Scientific Director of the Interstitial Lung Disease Program at University of Chicago Medicine, said: “This is an exciting step for Brainomix, who have a demonstrated track record of developing novel AI-based solutions in stroke and are now applying that expertise to develop innovative tools in the lung space. The preliminary data for e-Lung is impressive and would indicate that we have a promising tool that could help to expedite healthcare delivery and improve clinically meaningful outcomes for patients with lung disease.”
Brainomix recently announced the publication of a new study1 in the prestigious peer-reviewed journal American Journal of Respiratory and Critical Care Medicine (AJRCCM), resulting from a research collaboration with AstraZeneca. The results showed that Brainomix’s proprietary lung imaging biomarkers, which include the weighted reticulovascular score (WRVS), stratified patients at risk of Idiopathic Pulmonary Fibrosis (IPF) progression, outperforming standard measures.
Dr Michalis Papadakis, CEO and Co-Founder of Brainomix, said: “We are harnessing our expertise in AI-powered imaging to develop novel biomarkers in other disease indications where AI can support imaging-based diagnostic and treatment decisions.
“This e-Lung FDA clearance reflects our focus on developing innovative solutions that empower healthcare professionals with cutting-edge tools for sophisticated disease evaluation, enhancing access to treatments that can ultimately work to improve patient outcomes.”
Brainomix will be presenting its latest e-Lung data at the American Thoracic Society (ATS) annual conference in San Diego May 17th – 22nd, including results from research collaborations with Heidelberg University and with Seattle-based Avalyn Pharma.
Am. J. Respir. Crit. Care Med.: 2024 Feb 16 – e-Lung CT Biomarker Stratifies Patients at Risk of IPF Progression in a 52-Week Clinical Trialhttps://www.atsjournals.org/doi/abs/10.1164/rccm.202312-2274LEAbout Brainomix
Brainomix specializes in the creation of AI-powered software solutions to enable precision medicine for better treatment decisions in stroke and lung fibrosis. With origins as a spin-out from the University of Oxford, Brainomix is an expanding commercial-stage company with offices in the UK, Ireland and the USA, and operations in more than 30 countries. A private company, backed by leading healthtech investors, Brainomix has innovated award-winning imaging biomarkers and software solutions that have been clinically adopted in hundreds of hospitals worldwide. Its first product, the Brainomix 360 stroke platform, provides clinicians with the most comprehensive stroke imaging solution, driving increased treatment rates and improving functional independence for patients.
To learn more about Brainomix and its technology visit www.brainomix.com, and follow us on Twitter, LinkedIn and Facebook.
Contacts
Jeff Wyrtzen, Chief Marketing & Business Development [email protected] +44 (0)7927 164210T +44 (0)1865 582730
Media enquiries
Charles ConsultantsSue [email protected] M +44 (0)7968 726585
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CUBE acquires global regulatory intelligence businesses from Thomson Reuters

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LONDON, May 17, 2024 /PRNewswire/ — CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), announces today its acquisition of the Thomson Reuters Regulatory Intelligence and Oden products and businesses.

The acquisition of these global businesses represents a major step forward in CUBE’s growth plans. It will deliver significant scale across many of the world’s leading and systemically important financial institutions. CUBE’s existing global customer base will be expanded to total approximately 1,000 customers in banking, insurance, asset and investment management, payments and adjacent regulated industries.
CUBE’s global employees will expand to 600, of which close to 250 are highly qualified regulatory subject matter experts, legal and compliance professionals.
Ben Richmond, founder and CEO of CUBE said: “Thomson Reuters is known to be the biggest and best in the industry for providing regulatory expert analysis and subject matter expertise, alongside world-leading journalism and news. The combination of CUBE’s purpose-built AI, with the years of content curated by Thomson Reuters Regulatory Intelligence and Oden expert analysts, will accelerate innovation. Together, we will deliver regulatory transformation capabilities for our global customers that could only have been imagined before.”
Richmond continues: “This combination will provide tremendous scale and depth across CUBE’s regulatory content and technology. It is a significant step toward creating an industry-defining regulatory compliance and risk platform that will benefit all customers and elevate the industry as a whole.”
Through this acquisition, CUBE will provide an expanded and comprehensive selection of specialized regulatory intelligence and regulatory change services, committed to excellence, quality, and highly contextualised and meaningful regulatory content for customers. By combining cutting-edge technology and subject matter expertise at scale CUBE will set a new bar for the industry in regulatory automation and content.
Chris Maguire, General Manager, Risk and Fraud, Corporates, Thomson Reuters said: “It was clear to us that CUBE had established itself as a leading regulatory intelligence provider for global enterprise clients in the financial services and insurance sectors. We wanted to ensure our customers and employees could work with an organisation that would continue to innovate and significantly invest in solutions like Thomson Reuters Regulatory Intelligence and Oden. We are working tirelessly to ensure a seamless and value-enhancing transition for customers and employees, and we are looking forward to working with the CUBE team during this transition.” 
Christopher Fielding, Hg, said: “We’re delighted to further extend our market reach, bringing in two high quality and complementary global businesses to the CUBE platform.”
Thomas Martin, Hg, added: “We see these acquisitions as enabling further innovation in the regulatory intelligence and change management sector, leading to strengthened demand for these quality solutions across the globe.”
The terms of the transaction will not be disclosed.
About CUBE
CUBE provides a highly comprehensive and robust source of classified, and meaningful AI-driven regulatory data to power its Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM) solutions. CUBE’s purpose-built regulatory technology including its AI engine (RegBrain) and software platform (RegPlatform) tracks, analyses, and monitors laws, rules, and regulations in every country and in every published language to create an always up-to-date regulatory footprint that transforms visibility and compliance capability for customers across the globe.
With operations across Europe, North America, Canada, Asia, and Australia, CUBE serves a diverse and global base of customers and partners including the largest financial institutions in the world who leverage CUBE’s platform to streamline their complex regulatory intelligence and change management processes.
Following the strategic partnership with Hg in March 2024, CUBE announced the acquisition of US-based Reg-Room in May 2024.
About Hg
Hg supports the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers.
This industry is characterised by digitisation trends that are in early stages of adoption and are set to transform the workplace for professionals over decades to come. Hg’s support combines deep end-market knowledge with world class operational resources, together providing compelling support to entrepreneurial leaders looking to scale their business – businesses that are well invested, enduring and serve their customers well.
With a vast European network and strong presence across North America, Hg’s 400 employees and around $70 billion in funds under management support a portfolio of around 50 businesses, worth over $140 billion aggregate enterprise value, with over 110,000 employees, consistently growing revenues at more than 20%.
About Regulatory Intelligence
Regulatory Intelligence is a proactive, connected, and comprehensive solution that tracks and analyses regulatory changes within ~2,000 regulatory bodies and rulebooks for more than 20 countries. It enables banking, financial services, and insurance (BFSI) sectors to manage exposure to operational, regulatory, and compliance risk.
About Oden
Oden State Rules and Regulations (SR&R), Oden Policy Terminator/Sentry PT, and OdenTrack provide repositories and automated solutions for complying with state rules and regulations on the provisioning of Personal and Business Insurance in the US.

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Cayman Enterprise City Publishes Socio-Economic Impact Assessment by Economist and Leading Advisor on the Caribbean, Marla Dukharan

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The Impact of Cayman Enterprise City’s Socio-Economic Development Project Nears USD $1 Billion
GRAND CAYMAN, Cayman Islands, May 16, 2024 /PRNewswire/ — Cayman Enterprise City (CEC) has released a Socio-Economic Impact Assessment by Marla Dukharan. The report illustrates that CEC is increasing its impact by supporting higher earnings for Caymanians and is driving a shift towards a knowledge-based economy by focusing on high productivity sectors. The release by Dukharan reads, “Caymanian resourcefulness and private sector-led innovation have been the driving force behind the islands’ outstanding socio-economic success. Cayman Enterprise City underpins the next generation of Cayman innovation and dynamism.”

With an economic impact of USD $130 million in 2023, contributing just under USD $1 billion to the local economic activity in 12 years since inception, “CEC is helping the nation to diversify economically, in terms of sectors and jobs, ensuring locals have economic and employment opportunities that match the nation’s progress,” the report reads.
The CEC socio-economic development project is now home to 352 Special Economic Zones Companies (SEZCos), many of which are globally recognised institutions led by top executives and industry experts. “CEC member companies are providing high-value employment with salaries exceeding those typically found outside of the special economic zone,” said Charlie Kirkconnell, Chief Executive Officer at CEC. “The CEC community is fully invested in Cayman and the report illustrates that the CEC socio-economic development project is making a very significant impact on Cayman’s economy and community.”
“As CEC continues to grow, it continues to create significant employment and entrepreneurial opportunities for Caymanians and we encourage anyone that might be interested in finding out how they might get involved, whether as a member of the community and/or as a volunteer in our Enterprise Cayman non-profit organisation (NPO).”
77% of Caymanian-held jobs at CEC member companies, are in sectors with high social returns and increasing global demand. “By putting skills first and prioritizing learning, CEC is enabling new industries to take root,” the release by Dukharan reads.
CEC, through its Enterprise Cayman NPO, is a first-mover in private sector-facilitated education and training in the Caribbean, making it a leading force to boost youth participation in the economy. By offering training in specialised skills, Enterprise Cayman is helping to close the gap in higher education and earnings for Caymanians. “Through Enterprise Cayman we’ve set out to strategically support meaningful employment and entrepreneurial opportunities for Caymanians, by providing internship and mentorship opportunities, by hosting skill-building and career focused training, and by providing invaluable networking and community engagement opportunities,” said Kirkconnell.
In 2023 individuals took advantage of 4,226 opportunities to participate in education, training, and career development events and, since launching entrepreneurial programming in 2021, Enterprise Cayman has worked with 41 new Cayman-born business ventures. “We’re helping to develop a local talent pool that meets the demand of Cayman’s growing digital innovation and technology sectors while, in parallel, offering exciting opportunities for individuals to launch new business ventures within an innovative business environment,” said Kirkconnell.  
With CEC’s new campus and state-of-the-art facilities, Signal House, the project “holds the promise of deep, continued economic impact,” the report concludes.
To access CEC’s economic impact assessments and Enterprise Cayman’s annual reports please visit https://www.enterprisecayman.ky/reports. For more information on how to get involved and for upcoming programmes and events visit www.enterprisecayman.ky. 
Website: www.caymanenterprisecity.com LinkedIn: @CaymanEnterpriseCityTwitter:  @CEC_CaymanInstagram: @CaymanEnterpriseCityFacebook: @CaymanEnterpriseCityYouTube: @ceccayman
About Cayman Enterprise City 
Cayman Enterprise City (CEC) is an award-winning development project which consists of three special economic zones (SEZs) focused on attracting knowledge-based and specialised-services businesses to set up a genuine physical presence in the Cayman Islands. The zones included within CEC are Cayman Tech City, Cayman Commodities & Derivatives Centre, and Cayman Maritime & Aviation City. With a dedicated Government Authority, licensing fee concessions and guaranteed fast-track processes, CEC enables international companies to quickly and efficiently establish a Cayman Islands office, which in turn enables them to generate active business income within a tax neutral environment.
About Enterprise Cayman 
Enterprise Cayman is a non-profit organisation (NPO) powered by Cayman Enterprise City in partnership with Cayman Islands’ special economic zone companies (SEZCos). The organisation, which applies the Theory of Change (TOC) methodology, provides Caymanians and residents with access to high-quality learning experiences and opportunities to develop and launch new business ventures, to pursue careers within the technology and innovation sectors, and to join a dynamic network of industry professionals. Let’s grow the next generation of Caymanian innovators and entrepreneurs with Enterprise Cayman!
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FOR MORE INFORMATION:Contact: Kaitlyn Elphinstone  Email: [email protected]  

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