4 / TalentScotland
ECONOMY
A long history of ground-breaking research and dynamic new innovations are helping the country to maintain its reputation for excellence across a broad range of sectors, from medicine to gaming
Scotland, the land of discovery
SCOTLAND’S economy has evolved to encompass the traditional and the innovative. The country has a long and rich heritage in areas such as engineering, life sciences, financial services and, in recent decades, software and games – the launch of the latest instalment of the international best seller Grand Theft Auto was developed in Scotland. Other industries of importance to
Scotland include oil and gas, renewable energies, food and drink – particularly whisky – chemicals, business services, electronics and tourism.
Life Sciences Scotland has been at the forefront of medical and scientific discovery for the past 200 years and that tradition continues today. Scotland is home to one of the largest life science clusters in Europe, creating a significant international presence in research, development and manufacturing. Pioneering work has taken place in
Scotland’s universities and research institutes in areas including the development of MRI and CAT scanners and the discovery of p53 cancer suppressor gene. Other world-recognised research includes breakthroughs in diabetes and cancer treatment, ReNeuron’s stem cell trial for stroke patients, not forgetting the cloning of Dolly the sheep and the creation of the world’s first bionic hand. Scotland maintains this rich heritage
with high levels of expertise, a culture of innovation, and continuing research and technology excellence which together have resulted in a thriving, growing industry on the brink of new discoveries. World-class research is carried out
across several specific fields of life sciences, including medical technology, pharma services, stem cells and regenerative medicine research, drug discovery and development, translational medicine and bioinformatics.
Electronic Technologies Despite rapid changes in global circumstances, which are reshaping the industry, Scotland has successfully maintained a reputation for excellence in electronics and successfully adapting to industry requirements. Scottish companies have reinvented themselves as high-end electronics producers as opposed to high-volume manufacturers. Scotland also performs well academically. The country has the highest concentration of universities in Europe and a long history of groundbreaking academic research. The industry in Scotland comprises
around 900 companies, employing around 55,000 people in research, development and production across a number of sectors. One of the country’s most notable
successes in recent years has been in the
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