Scotland’s life science innovation ecosystem is on a journey to reaching the “tipping point,” the critical mass of startups and scaleups for ecosystem success, Claudia Cavalluzzo, MI:RNA Diagnostics chief operating officer, told Medtech Insight. But while the nation hosts “incredible research and teaching talent,” it is underdelivering in early-stage entrepreneurial activity compared to other countries' economies, she said.
“Scotland attracts talent worldwide, but [startup companies] hit a ceiling where they have to then get out of Scotland to be successful,” said Cavalluzzo.