Monday, March 07, 2005
Louisville Life Science Research Park is home to about 20 startup companies. The Louisville Medical Center Development Corp., which manges the park, holds to a target of 33 life sciences companies by 2010. That includes recruiting 12 small companies from outside Kentucky.
Here is the story of one company recruited to Louisville. It's a good example of how to build a company base in the life sciences. Read more.
(Smaller life science centers have some important advantages. For one, lower relative costs means that the burn rate for an early stage company is lower than Boston, San Diego, or the Bay Area.)
posted by Ed Morrison |
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.
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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.
Louisville builds its company base in life sciences
