Cluster formation as a tool for development in Medicon Valley

Clusters are generally organized in order to stimulate the growth and competitiveness of a region in a particular technological area. They occur in many shapes and forms, and a specific cluster development is the product of a dynamic and interactive process among the key stakeholders in the specific region. Any region seeking to succeed in high-tech fields must have stakeholders that are able to collaborate and innovate across sectors. This approach is achieved by combining the scientific, entrepreneurial, financial, and structural elements into a globally viewed competitive approach that is focused on specific goals. The Medicon Valley, which covers the greater Copenhagen area and the southern tip of Sweden, is born with the task to promote research, innovation, and commercialization across the board and to enhance network formations and knowledge transfer among all the players of Medicon Valley.This paper discusses how cluster formation helped in the development of the medico/human life science research in Medicon Valley which has for its members biotech and medtech companies, major pharmaceutical companies, all the relevant university faculties, hospitals, service providers, and public organizations.