Biotech update Friday, February 28, 2003 There's a lot of activity in biotech, and here's a brief summary of some of the latest developments. EDPros in Huntington, WVA are making the right moves in building a biotech infrastructure around Marshall University. They are learning the lessons of Ohio University and Ohio's Edison program. The main point. forming partnerships is the key to biotech development. Huntington EDPros are trying to raise funds for an institute that would like the research center at Marshall Universoty with commercial opportunities. These non-profit institutes are critical links in bridging the gap between academic institutions and the market. Arizona is realizing the benefits of establishing such a link. By investing in the Translational Genomics Research Institute, the state is now seeing an upsurge in biotech companies intersted in relocating to the state. The state is handling 41 biotech leads, and Phoenix reports they are working with 14 companies. In Minnesota, the governor is pushing the development of biotech with a carefully crafted seven point plan to build the state's biotech infrastructure. By closely examining the governor's proposals, you see that biotech development requires a closely knit web of strategic relationships. Meanwhile, in Missouri, the state is building international ties between its biotech businesses and biotech companies in Japan. This visit points to another trend. In the years ahead, competitive regions will be establishing more vital global connections. They will, in effect, manage their own commercial foreign policies. posted by Ed Morrison |		This work is licensed under a Creative Commons License. links Some Background on EDPro Weblog The purpose of this weblog is to help economic development professionals -- EDPros -- keep up with the changes sweeping our profession. Strap on your goggles. It's a whole new game. There are no experts any more. The only place to learn about economic development is from other EDPros who are doing it. One other point: the prevaling approach (paradigm, if you like) in economic development is shifting from competition to collaboration. There are a lot of reaasons underlying this shift, but here's the important insight: You, your community, and your region will do better by collaborating and sharing information. So, spread the word...Share the knowledge. Tell a friend about EDPro Weblog. If you are using a news reader, here is the link to syndicate this site: Here's the link if you are a bloglines subscriber: Speaking and workshops on Open Source Economic Development As the idea of Open Source Economic Development starts spreading, more people are asking about it. Visit the I-Open web site to learn more. My colleagues and I are happy to explain the basic concepts in a talk or a workshop. E-mail Susan Alshuler if you'd like to learn more about workshops and speaking. Background on Ed Morrison Download some background information on me here.

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