Leapfrogging Into the New KnowledgeBased Economy

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LeapfroggingInto the New Knowledge-Based Economy
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Biotechnology Development Center (BDC)
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BDC Delegation

• Dan Angel - President
• Mark Dibner President of BioAbility
• Cal Kent Dean College of Business
• Mark Bugher Gerald McDonald HADCO
• David Ice MU Research Corp
• Howard Aulick, VP for Research
• Charles McKown, VP for Health Sciences
• Joseph Bragin, Dean College of Science
• Jan I. Fox, VP for Info Tech/CIO
• Herb Karlet, Sr.VP for Finance
• Sarah Denman, Provost
• Ed Grose, Sr. VP for Operations
• Mark Burton Mike Hicks CBER

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Economic Development and Higher Education

• Senate Bill 653
• Critical Role of Research Universities to Bring
  New Economy to WV
• WV Economic Development Plan
• Southern Governors Association
• Seeds of a New Economy
• Innovation U
• Southern Growth Policy Board

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Biotechnology Development Center

• 23,000 sq ft facility
• Cost - 8.2 million
• 14 state-of-the-art laboratories
• Create the Office of Biotechnology
  Commercialization
• Move WV into the New Knowledge Based Economy

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PARTNERS IN BIOTECH GROWTHLeveraging Dollars
FEDERAL Robert C. Byrd Biotechnology
Science/Center 40 Million
UNIVERSITYMarshall University5.2 Million
PRIVATE Joan C. Edwards Cancer Center 44 Million
COMMUNITYAdvantage ValleyKineticPark17 Million
STATE Biotechnology Development Center 8.2
Million
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Biotechnology

• Biotechnology, defined as creation and use of
  living cells for commercial purposes.
• Products like
• Drugs
• Diagnostics
• Vaccines
• Enzymes
• Forensics Identification

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Biotechnology in the US

• The Economic Power
• Since 1972, over 3,000 biotech firms
• Industry doubled between 1993 to 1999
• In 1999, generated over 150,000 jobs
• 35 high-wage, high value jobs
• Over 20 Billion in revenue
• 11 Billion in RD spending

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What Others Have Done?

• Over 2/3 of the states have created significant
  programs
• Good science is created at universities
• Science becomes commercialized
• Companies grow in high-tech parks

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Economic Impact to Region

• Total economic impact in excess of 57 million
• Leverage payoff 71
• Increases employment by 110 highly compensated,
  sustainable jobs in the Metropolitan Statistical
  Areas (MSA's) for this project

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Biotech Revolution

• Industry doubling every 10 years, thousands of
  new jobs created
• Biotechnology is home grown 80-95 percent
  locate near where they are founded
• Success is biotechnology is related to being
  located near a research university

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Office of Biotechnology Commercialization

• Makes commercialization of ideas possible
• Brings science and business together
• Provides essential business services

• Patents
• Licenses
• Business plans
• Venture capital

• Public/private support
• Industry linkages
• Feasibility studies
• Intern/coop programs

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Responds to Grant Criteria

• Jobs - permanent, high paying and keeps graduates
  in WV
• Economic development converts science into
  businesses
• Leverage Over 100 million in federal, private,
  community, university funds
• Public Interest - a clean industry addressing
  critical WV needs
• Health
• Bioterrorism
• K-20 knowledge workers