Business Barbados - 2023 Edition

BioPharma & Medical Technology BioPharma & Medical Technology represents another promising area for potential investment in the island’s life sciences sector. With a well-established infrastructure, sound regulatory framework, appropriately qualified and skilled local workforce, and attractive incentives already in place, Barbados has long proven to be a solid foundation for incoming companies to flourish and prosper on a global scale. Companies specializing in the development and production of biopharmaceuticals and medical devices could find a profitable opportunity in Barbados. Additionally, as digital health continues to gain momentum globally, investing in companies offering health IT solutions in areas such as telemedicine, electronic health records, and patient management could offer other lucrative investment opportunities in Barbados. In conclusion, as Barbados continues to provide the required enabling conditions of sound infrastructure, attractive incentives and well-regulated governance, the country and incoming investors are favourably positioned to capitalize on the attractive opportunities that abound within the Life Science space. Above: Ino-Gro Inc. • Below: Eco Sky Water 100% plant based compostable bottles 81 BUSINESS BARBADOS 2023