The BIO International Convention will travel back East to Atlanta, Ga. in 2009. With the nation’s seventh-largest biotech cluster, Georgia is home to a number of life-science companies and research universities, as well as the Center for Disease Control and Prevention and the Carter Center for Global Health Initiatives. The state of Georgia is also home to 270 pharmaceutical, biotech, medical device, diagnostic, ag-biotech and biofuels companies.
San Diego is an ideal location for the convention as there is a thriving life sciences industry, check it out:
The San Diego Regional Economic Development Corporation (SDREDC) reports that the life science cluster in San Diego has an annual economic impact of $5.3 billion in direct spending and another $3.8 billion in multiplier spending for a total impact of $9.1 billion a year (2006 dollars). According to the SDREDC, the county’s life science jobs pay an average wage in excess of $80,000 – 83 percent above the average pay for all jobs.
San Diego life science companies — including biotechnology firms and medical device firms — received more than $4.9 billion in venture capital funding in the years 2001-2007, according to the MoneyTree Survey of PricewaterhouseCoopers. That figure represents 57.3 percent of all VC investment in San Diego County during that time.
San Diego companies and research institutes received more than $1 billion in combined research funding from the National Institutes of Health and the National Science Foundation in 2005, the latest year for which figures are available according to the SDREDC.
The cluster is also collegial and collaborative. San Diego universities and biotech research institutes have spun off an estimated 200 life science companies, according to the SDREDC. The San Diego Consortium for Regenerative Medicine is California’s leading recipient of California state grants to conduct human embryonic stem cell research. The consortium is made up of UCSD, the Burnham Institute for Medical Research, the Salk Institute for Biological Studies, and The Scripps Research Institute.
We’re counting down the days now to the 2008 International Convention. It’s time to get ready. For those of you who’ve been before you know it’s time to start thinking about what you’re going to do. The Internet has started buzzing with people who have their own ideas.
Stephen Albainy-Jenei of Patent Baristas has his own ideas
and Darren Fast of Solalta Advisors has some of his ideas as well.
To get yours visit http://www.bio2008.org
Five weeks before the biggest event in biotech – how are you getting ready?
Why not check out some podcasts on the multitude of topics and issues that will be all the buzz at this year’s big show.
Start with BIO’s very own and brand new BIOtech-Now series, which will highlight a different topic each week.
BioPharm International is podcasting several interviews with industry leaders leading up to and during the event.
GEN also recently did a podcast with several California biotech leaders who have been very active in planning the convention.
Check them out today!
The list of more than 300 companies invited to present at the 2008 BIO International Convention’s Business Forum can now be accessed at http://www.bio2008.org/businessforum. Check it out!
Participants in the Business Forum will also have the opportunity to schedule one-on-one partnering meetings. Find out more at (you guessed it!) http://www.bio2008.org/businessforum.
Biotech is key for meeting rising worldwide demand for food and alternative fuels, according to many speakers at the World Congress.
Richard Hamilton of Ceres, Inc. discussed how biotech can help increase agricultural production without expanding land use. He also believes energy crops can play a part in low-carbon biofuel production in the US. Hamilton announced Ceres’ plan to launch Blade Energy Crops, a brand of premium seeds and seed traits for non-food, low-carbon crops for biofuels.
Jeff Broin of POET Energy noted that biofuels provide incentives to increase agricultural production around the world. “Farmers – in addition to harvesting a crop for food and fuel – can harvest biomass. And farmland around the world that has sat unproductive for decades – and I’m not talking about rainforests – can now be used for food and fuel,” he said.
Monsanto Company and Mendel Biotechnology, Inc. also outlined an agreement to apply Monsanto’s expertise in crop testing, breeding and seed production to perennial grass seed varieties Mendel is developing for use in biofuels and other commercial applications.