San Diego and PACA Region of France – Memorandum of Understanding

PACA region

This week, San Diego will be hosting the 2017 BIO International Convention, an intensive one week networking convention to discover new opportunities and promising partnerships. Expected to come will be 5,000+ companies including the leading biotech companies, top 25 pharma companies, top 20 CROs and CMOs, more than 300 academic institutions including the major research labs and government agencies, as well as leading consultants and service companies! As we get ready for the busy week, we wanted to remind you about the San Diego and PACA region Memorandum of Understanding, as the PACA region will be with us this week for BIO 2017.

Back in February of this year, a Memorandum of Understanding was signed between Mayor Kevin Faulconer and Bernard Deflesselles, regional vice president of the Provence-Alpes-Côte d’Azur region. San Diego and the PACA region share similar industries such as biotech, defense, aerospace, software development, cleantech, bluetech and tourism.

“San Diego and the PACA region have so much in common: our biotech, our tourism, our trade,” said Faulconer, describing the agreement as a “road map to new opportunities.”

Speaking through a translator, Deflesselle said the agreement “brings two regions together around emerging technology.”

The agreement builds upon existing successful business relationships already established through Biocom and Eurobiomed, and the Maritime Alliance and Pôle Mer Méditerranée.

About the PACA Region

The Provence Alpes Cotes d’Azur Region (PACA) is one of the world’s top tourism destinations as well as one of the most important concentrations of intellectual and technological resources in Europe. The region is strong and dynamic in many different economic sectors. Among them: telecommunications, microelectronics, digital technology, life sciences, aeronautics and astronautics, sea technologies, multimedia but also the agribusiness, chemical, logistics and luxury goods industries.

Memorandum of Understanding

In 2016, the region counted 26,000 R&D employees including 13,000 researchers and an annual R&D investment of € 3 billion. Tourism is also a major asset for the region with an increase of 1.4% of tourists in 2015

Globally, PACA Region is the third economic region in France in terms of population and wealth. The region supports the creation of  new businesses (+14.5%  between 2010-1014). It attracts foreign investments: 1,740 companies with foreign capital representing 72,000 jobs.