During the signing, Minister Beljaarts emphasized the importance of transatlantic ties and the shared goal of making healthcare more accessible and effective.
Minister Beljaarts (Economic Affairs): “Dutch companies lead in technological innovation in healthcare. Collaborating with Cedars-Sinai allows us to bring these innovations to the global market faster while also contributing to better solutions for patients.”
James D. Laur (CEO, Cedars Sinai Intellectual Property Company): “In addition to strengthening our established relationships with stakeholders in the dynamic Dutch healthcare and biomedical sectors, this partnership will stimulate the development of Dutch startups by connecting them with resources and expertise from Cedars-Sinai Tech Ventures. This will help companies better understand and utilize the market and opportunities in the United States.”
Cedars Sinai Intellectual Property Company
The fund is globally recognized for its focus on groundbreaking technologies, including medical equipment, biotechnology, and digital health solutions. Through this collaboration, Dutch companies and startups gain access to a strategic network, knowledge, and funding opportunities that facilitate innovation and growth in this crucial sector. The announcement of Cedars-Sinai Technology Ventures to establish itself in the Netherlands is a concrete step towards positioning the Netherlands as an innovation hub. It is part of a broader strategy by the Ministry of Economic Affairs to strengthen ties with Silicon Valley and the U.S. West Coast. There are over 3,000 innovative Life Sciences & Health companies in the Netherlands with an economic impact of approximately € 7 billion. The Dutch LSH sector received an additional boost with the relocation of the European Medicines Agency (EMA) to Amsterdam in 2019.
U.S. trip
The announcement was delivered in Silicon Valley during Minister Beljaartss U.S. trip. The trip aims to robustly position Dutch tech companies and startups internationally and enhance collaboration with U.S. companies. The trip runs from Monday, January 6, to Thursday, January 9. Together with Dutch entrepreneurs, the minister will visit Phoenix, Arizona, the CES tech fair in Las Vegas, and Silicon Valley near San Francisco. The work visit includes discussions with prominent technology companies and investors, focusing on topics like artificial intelligence, semiconductor technology, and cybersecurity. The minister also spoke with representatives of Dutch companies active in Silicon Valley to discuss how the government can support their growth ambitions.