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Jagiellonian University to compete with Asian laboratories

APA - Austria Presse Agentur
opublikowano: 24-08-2005, 15:01

Warsaw (Puls Biznesu) – The Jagiellonian Centre of Innovation (JCI), a 100-percent subsidiary of the Jagiellonian University (UJ) wants to earn doing biotechnology and life science projects. JCI is going to invest PLN 50m (EUR 12.5m) to build laboratories. “We hope new bioproducts to be implemented”, Pawel Blachno, JCI CEO said.

Warsaw (Puls Biznesu) – The Jagiellonian Centre of Innovation (JCI), a 100-percent subsidiary of the Jagiellonian University (UJ) wants to earn doing biotechnology and life science projects. JCI is going to invest PLN 50m (EUR 12.5m) to build laboratories. “We hope new bioproducts to be implemented”, Pawel Blachno, JCI CEO said. This is the first such project in Poland and this region of Europe. “We will build 5,000 square metres of laboratories for rent. They will be suitable for every company and every project. 25 firms will be able to work there”, Pawel Blachno enumerated.

He hopes 95 percent of clients to be big biotechnological and pharmaceutical companies. JCI is also ready to provide scientists. “According to market research, mainly U.S. companies are interested in launching R&D abroad. Today, they choose India or China. We want to compete with these countries. We are holding talks with first potential clients. The object will be launched in 2008. Three years later it should be profitable”, JCI head said. In the future, the company may be partly sold to an investor. For the time being, JCI has PLN 38m from EU funds, PLN 5.5m will be given by UJ, PKO BP bank also offered to give JCI credits.

Income of JCI will consist of rent fees (below 50 percent), selling Polish R&D projects, and investments in some projects – spin off.

(PLN 1 = EUR 0.249)Poland/Enterpries/Biotechnology

 

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Podpis: APA - Austria Presse Agentur

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