Ursula Hultkvist Bengtsson, the executive vice-president of Medicon Village, welcomed the link with the Welsh government.

BBC: Medicon Village

Across the Medicon Valley centres, some 40, 000 people are employed in more than 100 biotech companies and 200 medical research ventures.

BBC: Medicon Village

Medicon Village in Lund is sited at the former research centre for the pharmaceutical giant, AstraZeneca, with 600 people working in medical research, pharmaceuticals, medical technology and biotechnology.

BBC: Medicon Village

Life sciences dominate the VC scene in Denmark, accounting for 57% of overall venture investment, though the country's prowess in medical-device manufacturing has earned it (along with Sweden) the moniker Medicon Valley.

FORBES: Venture Investing, Euro-Style

"I see it as the start of a long term, wide ranging collaboration between Wales, Medicon Village and the wider Medicon Valley region and am pleased to announce that discussions are already under way between Lund and Cardiff universities, " she said.

BBC: Medicon Village