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INTERPHEX Puerto Rico 2011 Partners with Puerto Rico’s Science, Technology & Research Trust to Promote Start-up Technology Companies

06/23/2011

The Island's largest gathering for the Life Sciences will showcase the Technology Trust's mission and will offer specific programs and opportunities for emergent technology companies in Puerto Rico and Latino America

(NORWALK, Conn., June 23, 2011) – The Puerto Rico Science, Technology & Research Trust (The Technology Trust) will be actively involved in this year's INTERPHEX Puerto Rico to be held October 20-21 at the Puerto Rico Convention Center in San Juan. Both The Technology Trust and INTERPHEX support the island's economy that produces over 50% of the medical devices sold in the U.S., hosts over 20 of the world's leading pharmaceutical companies on the island, and graduates more than 9,000 science and engineering students each year.

The Technology Trust was created as a private, non-for-profit entity to create jobs in Puerto Rico through science and innovation. The Technology Trust provides ongoing funding for research and development projects and infrastructure advancements in the Island. According to Executive Director, Tom Farb, "Along with the infrastructure investments we are making in the Knowledge Corridor, there are many other benefits for young and mature companies to conduct business in Puerto Rico. As a U.S. Commonwealth, businesses enjoy the protection of U.S. intellectual property laws as well the familiar regulatory environment provided by the Food and Drug Administration (FDA). INTERPHEX Puerto Rico provides the ideal environment to showcase everything that Puerto Rico has to offer."

According to Jesus Soriano, MD, PhD, MBA, Senior Advisor to the Trust, "Our strategic partnership with INTERPHEX is fully aligned with the objectives of the Trust's Technology Transfer Office". Through our In-Kind Business Assistance Progam we provide technical and financial assitance to universities, start-up companies and entepreneurs to develop local techologies into useful products and services. In turn, these companies atract private investments, create jobs and contribute to the economic development of Puerto Rico," added Dr. Soriano.

Bob Stewart, INTERPHEX Industry Vice President says, "We're extremely pleased to be working with the Trust. INTERPHEX Puerto Rico, the island's largest gathering of life science professionals and industry suppliers, provides the perfect forum for the Trust to discuss its mission of promoting technology transfer and product commercialization as well as to showcase the island's science and technology infrastructure. INTERPHEX Puerto Rico promotes the island as a globally important center of drug and medical device manufacturing, from basic research to drug discovery to clinical trials process development through delivery to market. Networking essential to business success is as important here as the exploration of new products and services that enhance human life and health."

Now in its eighth year, the INTERPHEX Puerto Rico Conference & Exhibition is the Commonwealth's largest gathering of life science industry suppliers and related professionals, offering exhibits and technical sessions to provide education and solutions for pharmaceutical and medical device professionals. In addition to running simultaneously with INTERPHEX Medical Devices and the Latin American Supply Chain, this year's event will include Buildings Puerto Rico. This new event offering will provide facility managers and other interested buyers from commercial, industrial, residential and institutional facilities with access to resources that promote environmental and operational efficiencies.

Last year INTERPHEX Puerto Rico was attended by more than 250 exhibiting companies and 3,800 pharmaceutical and biotech manufactures and medical device industry professionals within Puerto Rico as well as the greater Caribbean region. Its sponsors include INDUNIV, ISPE and the Puerto Rico Manufacturers Association, and its Advisory Board includes members from Novartis, CooperVision, Pfizer, Roche Diagnostics, Lilly del Caribe, Stryker, Medtronic, Jacobs, PR Tec, MediSearch, ISPE Puerto Rico Chapter, PRMA, PRIDCO and INDUNIV.

About INTERPHEX

INTERPHEX USA is the world's most trusted source for leading-edge technology, education, and sourcing of the products and services that drive scientific innovation for Life Sciences manufacturing. INTERPHEX is produced by Reed Exhibitions, delivering influential leaders in life sciences through unique combinations of conference, exhibition, workshops, partnering opportunities, and networking events. Reed Exhibitions produces INTERPHEX and manages more than 450 trade events annually worldwide. It is a member of the Reed Elsevier Group plc, a world-leading provider of information-driven services and solutions. For information, visit www.INTERPHEX.com and follow INTERPHEX on Facebook, and Twitter (@INTERPHEX).

About The Puerto Rico Science, Research & Technology Trust

Created under the provisions of Law 214 of August 18, 2004, The Puerto Rico Science, Technology & Research Trust is a private non-profit organization focused on positively impacting Puerto Rico's economic growth by creating jobs through science and innovation. To achieve this goal, The Technology Trust promotes scientific research, the commercialization of research into useful products, and helps locally-owned innovative startup companies get their ideas and research to market by providing seed capital, investor contacts, and expert planning assistance.

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