Case
A new match built on trust - Triple Ring Technologies has officially landed in Denmark
Medical device R&D leader, Triple Ring Technologies, will solve critical and complex technical challenges across the Scandinavian life science sector and turn science into commercial success.
Triple Ring Technologies apply its scientific expertise and engineering acumen to develop products that will succeed in commercial applications. In addition to meeting the business needs of its clients, the co-development company strives to be a trusted partner and have “skin in the game”. A keen interest in new technologies and the notion that technology is built on trust are key reasons why Triple Ring Technologies shares risk or co-invest alongside its business partners.
As Denmark is built on trust, the country is a great match for Triple Ring Technologies, who recently opened its first office outside North America in Copenhagen. According to Triple Ring Technologies, the choice of location is due to the many opportunities offered in Medicon Valley, an area comprised of Greater Copenhagen and the southern part of Sweden.
“[In Medicon Valley] there is what one may refer to as an innovation ecosystem, which in many ways is similar to Silicon Valley.”
Denmark
is home to one of the strongest life science clusters in the world, and Triple
Ring Technologies emphasizes its attractiveness to the large MedTech-companies
as well as the easy access to skilled employees recruited directly from the many
universities in Greater Copenhagen. Aside from being drawn by the favourable Danish
framework conditions, such as access to funding from the Danish Growth Fund and
the Danish Innovation Fund, Christina Pedersen adds that:
“The labour force is actually less expensive [in Greater Copenhagen] compared to Silicon Valley.”
The purpose of the Danish establishment is among other things to identify investment opportunities in European start-ups. The company aims at entering partnership agreements with various incubators and potential collaborators in the life science environment, and is currently in dialogue with the Danish life science incubator, BioInnovation Institute (BII), founded by the Novo Nordisk Foundation.
“The investors backing Triple Ring Technologies are looking to invest in European start-ups. BII has an interest in helping companies in the early stages of the development of medical equipment, and we are currently discussing how to combine our competences and investors in a potential partnership with BII”
Invest in Denmark welcomes the establishment of Triple Ring Technologies in Denmark. With their establishment, the already strong ecosystem in Denmark will be strengthened, as they have unique expertise and engineering capabilities, which can actively help products to succeed both in Denmark and internationally.
Support from Invest in Denmark
Invest in Denmark and Copenhagen Capacity have assisted Triple Ring Technologies in the process of establishing activities in Denmark. The services included introducing Triple Ring Technologies to the life sciences cluster in Denmark, understanding the framework conditions and cost structure, and setting up meetings with relevant partner organizations.
“Invest in Denmark and Copenhagen Capacity were extremely valuable in giving us all the insight we needed to make a decision to set up our first European office in Denmark.”
Introduction to Triple Ring Technologies
The North American company, Triple Ring Technologies, is a leading research and development firm that stands side-by-side with innovators and entrepreneurs to solve hard problems, launch breakthrough products, and create new businesses. The company solves complex technical challenges across the development processes in medical devices, in vitro diagnostics, life science tools, and imaging systems. Triple Ring Technologies is headquartered in Silicon Valley with divisions in Boston and Toronto.get in Touch Want to know more about Life science in Denmark?
Please contact our dedicated life science experts here:
Loading...