Greater Irvine Chamber FDI Delegation Makes Meaningful Impact During Its Two-City Visit in U.K.
Tuesday, February 20, 2018
A delegation led by the Greater Irvine Chamber, the first ever economic development delegation to visit the New United States Embassy in London, traveled across the pond on a two-city foreign direct investment (FDI) mission in the U.K., Feb. 12-16.
The goal of the mission was to build awareness for Irvine/Orange County and its life science industry strength and to identify, connect with, and encourage U.K.-based life science companies to look at Irvine/Orange County when they consider expansion into the U.S.
The delegation collaborated with two of the U.K.’s most prestigious associations in the life sciences field: One Nucleus and the Association of British Healthcare Industries to hold three days of meetings with more than *20 companies in London and one full day of meetings in Cambridge, including a meeting between Irvine Mayor Don Wagner and Cambridge Mayor James Palmer with the added feature of two “thought leader” panels – each attended by 30 industry executives – and receptions designed to stimulate discussion and build working relationships between companies and life science sectors.
“Med-tech trade associations overseas have great respect for what we are doing here in Irvine. Hosting them in our city last October created momentum, which we were able to build on during this visit to the U.K.,” said Chamber president and CEO Bryan Starr.
He also indicated that the majority of the companies the delegation met with are either ready to expand globally and are considering Irvine, or they are interested and are currently exploring new venture capital in order to make expansion a feasible option.
Linda DiMario, executive vice president of the Chamber, added that Irvine is the only destination that the groups are engaging in these types of FDI discussions.
Along with Starr and DiMario, and Mayor Wagner; traveling to London and Cambridge were members of the Chamber Board of Directors, and executives from Edwards Lifesciences; OCTANe; UCI Applied Innovation; Jones Lang LaSalle; California State University Fullerton & Center for International Trade Development; Thinkbox Technology Group, Horizon Consumer Science & British American Business Council; and UCI Medical Center, Medical Innovation Institute.
The delegation’s presentations included a video produced by the Greater Irvine Chamber, featuring strengths of the city’s life sciences ecosystem.
This FDI mission follows the successful inaugural mission conducted February 2017, during which the delegation met with over 40 companies, connected with over 150 companies and contacts and established working relationships with very important industry associations.
For more information on foreign and domestic direct investment in Irvine/Orange County, contact Linda DiMario.
*Meetings were held with the following U.K. companies:
Forte Medical Ltd.
Ampersand + Ampersand
Wide Cells Group
Doctor Care Anywhere Ltd.
Scottish Development International
Category: Chamber News, Economic Development