For the 11th time in as many years, local economic development officials are hosting a trade mission from Belgium.
The local lead, Brett Cornwell of the Texas A&M system, welcomed more than 60 people representing 30 companies and universities from three Belgian provinces and two other countries.
Wednesday morning’s welcome included a signing ceremony of what was called a collaborative agreement between A&M’s colleges of medicine and veterinary medicine, Belgian research center Multitel, and Belgian based health data platform company NeuroPath.
According to the Brazos Valley Economic Development Corporation, since the first trade mission in 2009, BVEDC says its international gateway program has generated foreign direct investment of more than 200 million dollars, creating 16 new companies that employ 41, and the EDC is working with 36 active prospects. There are also 23 memorandums of understanding, 13 sponsored research agreements, and six license agreements.
The BVEDC says Belgium’s Wallonia region set up an investment fund for supporting commercialization through spinouts with Texas A&M. And the Sofinex fund is also accessible to Belgian companies licensing technologies from A&M, setting up a U.S. subsidiary, and receiving investment from U.S. sources.
Click below to hear comments from comments from Brett Cornwell of the Texas A&M system, Chantal De Bleu of the Wallonia (Belgium) Foriegn Trade and Investment Agency, Matt Prochaska of the Brazos Valley Economic Development Corporation, and the co-founder and CEO of NeuroPath Benoit Tas.
Listen to “11th Belgian trade mission in the Brazos Valley is underway” on Spreaker.
News release from the Brazos Valley Economic Development Corporation:
One of the largest international business missions to Aggieland is underway.
More than 60 people from three countries representing more than 30 companies, universities and organizations are part of this visit to explore research and business opportunities across the Texas A&M University System and the Brazos Valley. The mission runs from Wednesday through Thursday.
The trip is organized by Texas A&M Technology Commercialization (TTC), the Brazos Valley Economic Development Corporation (BVEDC), the Open Worldwide Innovation Network (OWIN) and Belgium’s Walloon Export and Foreign Investment Agency (AWEX).
“We are pleased to warmly welcome the delegates to the Brazos Valley and Texas along with the Governor’s Office and the Cities of Bryan and College Station,” said Matt Prochaska, BVEDC President/CEO. “Our goal for this week’s mission is for visiting companies to bring Foreign Direct Investment and job creation through the innovation they represent.”
During their trip, delegates will talk with local researchers and company reps in meetings set up by organizers. Each company, university and organization will be connected with people who can help them discover the possibilities the Brazos Valley has to offer them individually. Some are in Texas for the first time. Others have been here previously and are continuing their pursuit of prospects. And some are set to finalize collaborative agreements.
Wednesday morning during the welcome ceremony for the mission delegates, one such agreement was signed connecting Belgian companies NeuroPath (represented by CEO Benoit Tas) and Multitel (represented by Research Project Manager Anne-Sophie Bridoux) to Texas A&M University.
The agreement applies to projects led by Peter Nghiem, DVM, PhD of the College of Veterinary Medicine & Biomedical Sciences, and Rahul Srinivasan, MBBS, PhD, of the College of Medicine. Nghiem was on hand to sign the agreement. It will help improve understanding of motor dysfunction and allow the creation of a monitoring system to measure movement using cameras and computer algorithms without requiring wearable trackers. Eventually, the researchers hope to create a simple way to measure changes in motor control in diseases like Parkinson’s or muscular dystrophy.
Additional deal signings are set to take place throughout the trip, some which will be announced at a later date.
Missions began in the late 2000s, the result of a friendship forged in 2005 when AWEX’s Philippe Lachappelle first visited Texas A&M and recognized opportunities between the Wallonia region of Belgium and the Brazos Valley.
Among those taking part in this mission are a couple of dignitaries: Governor Olivier Schmitz from the Belgian Province of Luxembourg, and Queensland Trade and Investment Commissioner-North America Viki Forrest with Trade and Investment Queensland (Australia).
The size of this mission is approximately the same as December 2016 mission from Belgium to Texas A&M led by Her Royal Highness Princess Astrid.
A number of companies will remain in the Brazos Valley Friday and Saturday to take part in additional business and cultural activities, including attending Texas A&M’s football game.
HISTORY AND RESULTS
Coming into this latest mission, the relationship has resulted in 23 memorandums of understanding, 13 sponsored research agreements and six license agreements. The U.S. Department of Health and Human Services’ Biomedical Advanced Research and Development Authority made a $200 million commitment in a joint partnership on the Texas A&M Center of Innovation in Advanced Development following the engagement of GlaxoSmithKline with the project, a result of the Belgium-Brazos Valley relationship.
It also led to the creation of the “Texas Aggies Go To War” exhibit, which debuted in Bastogne, Belgium in December 2014 for the 70th anniversary of the Battle of the Bulge. It is set to be displayed at the planned Military Heritage Center in College Station.
The Wallonia region of Belgium also set up the 2 million Euro Sofinex investment fund for supporting commercialization through spinouts with Texas A&M University. It is accessible to Belgian companies licensing technologies from A&M, setting up a U.S. subsidiary and receiving investments from U.S. sources.
Spinouts from the Sofinex Fund include the U.S. arm of Lisam Systems, a provider of environment, health and safety compliance management software solutions and services. The President and CEO is Andrew Nelson, who has also been the mayor of Bryan, Texas since 2016.
The BVEDC created the International Gateway program in 2010 due to the success of the local relationship with Belgium. It helps businesses rapidly enter the U.S. marketplace and offers proximity for connecting with Texas A&M. A winner of the International Economic Development Council’s award for Responding to Globalization in 2011, the Gateway has resulted in the founding of 16 companies in the U.S. with a foreign direct investment (completed and in process) of more than $200 million. There are nearly 40 active prospects for the Gateway currently.
In 2013, the Belgian-Texan friendship also led to the creation of OWIN, a membership association of universities, technology transfer offices and trade agencies encouraging a global culture of innovation and entrepreneurship. OWIN fosters win-win opportunities and helps companies grow faster in its member markets. TTC, AWEX, Chinese-based Coway and Australia’s Queensland Government are the executive members, with the BVEDC as an associate member.