The network's main competence is in the red, green, blue and white biotechnologies, medical technology and health economy. The outstanding success of the state's institutions is demonstrated by the Centres for Innovation Competence (Zentren für Innovationskompetenz ZIK), which have been established near Greifswald and Rostock. In the context of the "Spitzenforschung und Innovation in den Neuen Ländern" (Top-level research and innovation in the New German Länder) initiative, projects in the following fields are being realised: molecular medicine and functional genome research in humans and animals, life-science automation, medical technology, plasma technology, regenerative medicine and plant breeding. BioCon Valley® is a partner of BIOKATALYSE2021, the cluster for industrial biotechnology in northern Germany. With the "HIC@RE Gesundheitsregion Ostseeküste" (Baltic Sea coast health region) project, Mecklenburg-Vorpommern has been selected as one of 20 German health regions of the future. The annual Federal Conference for Health Economy, organised by BioCon Valley®, is held in Rostock and has become an important platform for the entire branch.

BioCon Valley® concentrates the competencies of the state of Mecklenburg-Vorpommern in the fields of life science and health economy in a unique public-private partnership.
Services of the BioCon Valley initiative include:

• up-to-date information concerning the entire branch,
• networking between experts and potential cooperation partners in Germany and abroad,
• initiation of projects within the network,
• supervision of new business centres,
• marketing for the entire bioregion and health region.

In order to increase the critical mass in science and business, BioCon Valley® cooperates in strategic partnerships with the members of ScanBalt. This is a network of biotechnology regions and life science initiatives in the Baltic Sea region. Furthermore, BioCon Valley® cooperates with the Hoa Lac Hi-Tech Park in Vietnam and the Mie region of Japan.