Today , 29 October, saw the launch of an initiative to create a new centre for molecular medicine at the University of Gothenburg, with funding of at least SEK 620 million from the Knut and Alice Wallenberg Foundation, the University of Gothenburg, AstraZeneca and Region Västra Götaland.

Cancer, obesity and diabetes are just some of the areas highlighted for research.

Since the beginning of the 20th century Sweden has had a long and distinguished track record in the field of life science research. However, it has lost some of its momentum with the emergence of the global economy.

"We're looking to boost core skills so that Sweden can once again lead the world in this field," says Peter Wallenberg Jr, Vice Chairman of the Knut and Alice Wallenberg Foundation.

"The concept pioneered by the University of Gothenburg where young researchers have dealings with both industry and the clinical side of things is an excellent example and something that will make Sweden more competitive in the life sciences."

New centre will complement and bolster nationwide initiative

The Foundation has therefore decided to put SEK 270 million towards a new centre for molecular medicine in Gothenburg to offer tenure track positions for young researchers. The grant is part of a wider drive to strengthen the life sciences in Sweden. Previously the Swedish government, and four universities in the Mälardalen region, set up the Science for Life Laboratory in Stockholm/Uppsala to serve as a national resource for the life sciences in Sweden. The new centre in Gothenburg will complement and bolster this nationwide initiative.

Attractive environment for international life science research

Region Västra Götaland, which is responsible for regional development and health care in the region, also welcomes the initiative:

"The new centre for molecular medicine will create an attractive environment in Västra Götaland for international life science researchers and companies," says Ann-Sofi Lodin, CEO of Region Västra Götaland.

"Our involvement means that health-related problems can be identified and that research results will benefit health care and patients more quickly."

Spanning ten years, the investment will start in 2016. The University of Gothenburg aims to create a leading international research centre that far outlasts the period of funding.