MedCity celebrates 10 years
This month, we celebrated the 10-year anniversary of the establishment of MedCity! The occasion gave us an opportunity to reflect on our achievements in growing London life sciences over the past decade, as well as a chance to share our exciting new branding and strategy.
Created in April 2014 by the Mayor of London, MedCity was set up with the purpose of bringing together the life sciences strengths of The Golden Triangle of Cambridge, London and Oxford to support and promote investment, entrepreneurship and industry in the region.
Throughout that time, we have acted as a front door for industry and investors looking for partners, infrastructure and expertise in the region. We have successfully supported both international companies and homegrown entrepreneurs to do business in the region and facilitate collaboration across all parts of the sector to turn innovations into commercial products and services.
Over the last ten years, some of our achievements include:
| £110M+
| 500,000 ft² R&D space demand identified | 50+ Events supported every year |
|---|---|---|
| £1BN+ real estate planning supported | 700
| 400+ Investor Network |
| 7,000+
| 5,000+ MedCity email newsletter subscribers | 19 Lab Providers Forum Members |
Milestone Timeline
2014
– MedCity and Angels in MedCity launch
2015
– MedCity sends first BioJapan delegation
2016
– DigitalHealth.London ‘Collaborate to Innovate’ launched
– First R&D Space Demand Report published
2017
– First showcase for NIHR BRCs in London organised
2018
– Advanced Therapies Network launched
2019
– 1,000 clients served with front door service
2021
– Diagnostics innovator programme launched
– 2nd R&D Space Demand Report published
2022
– First Community & Cluster Report published
– Diagnostic Growth Hub appointed as NICE assessor
2023
– New industry-academia collaboration forms from Biomarker Matchmaking series
– Roundtable on Clinical Trials & EDI
2024
– MedCity celebrates 10 years’ of success
Looking Forward – New Strategy
Following our 2023 merge, we will now go forward with a refreshed strategy as part of the London and Partners family. The new strategy will focus on areas with a specific barrier to growth and London-specific issues or solutions where no-one else is addressing the issue and our intervention can make a meaningful difference.
Our revised mission is to:
- Act as an authoritative voice for Life Sciences in London
- Promote London as a destination for Life Science companies
- Support companies to grow in, and expand from London
- Communicate to policymakers the value of Life Sciences to the London economy
- Support the development of Life Science clusters
- Support companies to network, navigate and connect with the London Life Science ecosystem
We will achieve these objectives through 3 strategic pillars:
| Promotion | Ecosystem Builders | Business Growth and Investment |
|---|---|---|
| Promoting and Celebrating Life Science in London | Developing and Connecting London’s Life Science Districts and Clusters | Supporting and Engaging London’s Life Science Companies and Communities |
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Anniversary Celebrations
To mark our ten-year anniversary, we held a celebration event with the wider Grow London team in our offices.
As well as being a time of celebration, the gathering marked the beginning of a social media campaign which ran throughout April to highlight our impact over the past decade, and also provided us with an opportunity to think about the exciting new London Life Sciences campaign which we will be focusing on during the summer period.
We are delighted to be continuing in our journey of developing London life sciences via the new strategy, ensuring that London remains among the best life science centres globally.
Here’s to the next ten years!