Turku Science Park Ltd and Akron Development Corporation ink deal
Last month, Akron Development Corporation and Turku Science Park Ltd entered into a Memorandum of Understanding and Cooperation for the purpose of enhancing their respective contributions in the biomedical sector internationally.
The Agreement, signed during a visit of Finnish delegation in Akron, will open new marketing channels for Finnish and American companies active in the biotech and ICT fields. Parties contributing to the union include the Akron Global Business Accelerator (AGBA), the University of Akron, and the State of Ohio.
“AGBA was born after the tyre industry went down and when new application fields for the local high materials know-how were sought – in a similar way as it is currently the case with the shipbuilding industry in Finland. The AGBA’s focal areas include biotechnology, materials technology and ICT – all of which are important to Turku Science Park Ltd, as a corporation that shares similar goals”, says manager Teppo Laaksonen of Turku Science Park.
This agreement opens up a new collaboration channel to the North American market for Finnish companies, as Akron is centrally located, covering in a day’s car drive around 60 % of both the US and Canadian market.
“Likewise, the Akron-based companies see Turku as a good point of entry to Northern Europe, Eastern Europe, and the Russian market,” says Akron Deputy Mayor for Economic Development Robert Y. Bowman. “In fact, FMI Medical Systems, which specializes in next generation computer tomography and PET scanning, started its activities in Akron about a year ago and has already opened an office in Finland. We hope more Akron based companies will do the same.”