bioforward 2014 bioscience vision summit
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BioForward 2014 Bioscience Vision Summit. George Goodno Communications Director for State Policy, International Affairs and Intellectual Property. October 8, 2014. Biotechnology Industry Organization. Biotechnology companies Academic institutions State biotechnology centers - PowerPoint PPT PresentationTRANSCRIPT
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George GoodnoCommunications Director for State Policy,
International Affairs and Intellectual Property
BioForward2014 Bioscience Vision Summit
October 8, 2014
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Biotechnology companies
Academic institutions
State biotechnology centers
Related organizations
Over 1000 Members across US and more than 30 other nations involved in research and development of
technologies in:Healthcare
Agriculture
Industry and Environment
Biotechnology Industry Organization
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Heal, Fuel, Feed the World
Health & Medical
Industrial & Environmental
Food & Agriculture
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Defining the Bioscience Industry: 5 Major Subsectors Reflect the Breadth of Bioscience Opportunities
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Bioscience Industry: A Signature Performer for the U.S. Relative to Other Technology Sectors
*Battelle/BIO State Bioscience Industry Development 2014
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Since the Recession, Biosciences Job Growth Mixed, But Economic Activity Continues to Rise
*Battelle/BIO State Bioscience Industry Development 2014
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Broad National Footprint with Widely Shared Growth Across Many of the States
*Battelle/BIO State Bioscience Industry Development 2014
Change in Bioscience Employment by State, 2007–2012
28 states had overall bioscience industry job gains from 2007-2012
Only 12 states had significant job losses of 1,000 or more
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Bioscience Industry a Source of High-Wage Jobs
Employment Sector Average
Annual Wage
Drugs & Pharmaceuticals $106,576
Research, Testing, & Medical Labs $91,248
Finance & Insurance $91,226
Total Biosciences $88,202
Bioscience-related Distribution $85,188
Professional & Technical Services $83,357
Information $82,013
Agricultural Feedstock & Chemicals $75,828
Medical Devices & Equipment $75,695
Manufacturing $60,491
Construction $52,294
Total Private Sector $49,130
Real Estate & Rental & Leasing $48,236
Transportation & Warehousing $46,611
Health Care & Social Assistance $45,407
Retail Trade $27,729
Source: Battelle analysis of Bureau of Labor Statistics, QCEW data; enhanced file from IMPLAN.
• Average wages for Bioscience industry workers $88,000 in 2012
• Bioscience wages were nearly $40,000 more, or 80% greater than for the average private sector worker
• Bioscience wages have grown at a much higher rate vs. private sector; inflation-adjusted Bioscience wages up 15% since 2001 vs. 5% for private sector
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Broader Impacts of the U.S. Bioscience Industry
• Each bioscience job generates an additional 3.9 jobs due to purchasing goods and services from other industries and spending of employees
• The 1.62 million direct jobs translates into a total economic impact of 7.86 million jobs
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A Growing Engine of Innovation—Patent Activity in the Biosciences
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Signs of Stress? Bioscience VC Investments Down
U.S. Bioscience Venture Capital Investments, 2009-2013 ($ Millions)
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Signs of Stress? NIH Funding More Challenging
National Institutes of Health Funding, 2009–2013 ($ Billions)
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Trends in U.S. Bioscience and Private Sector Employment, 2001–2012(Indexed: 2001=100)
While Impacted by the Great Recession, Bioscience Industry Weathered it Far Better than Overall Private Sector Industries
*Battelle/BIO State Bioscience Industry Development 2014
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Wisconsin’s Bioscience Industry Continues to Expand
*Battelle/BIO State Bioscience Industry Development 2014
2012: 31,758
Total Jobs
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Since 2007, over 10% growth in jobs in Medical Device and Diagnostic Companies
Over 21% growth in jobs in Drugs and Pharmaceuticals
Over 20% growth in Research and Testing jobs
Below average in Distribution and Ag biotech
Nice Chart… But Doesn’t Tell the Whole Jobs Story
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Wisconsin’s Bioscience Employment
Bioscience-Related
Distribution:10,296
Medical Devices &
Equipment: 10,912
Research, Testing, & Medical
Laboratories:5,132
Agricultural Feedstock & Chemicals:
1,316
Drugs & Pharmaceuticals: 4,103
Total Bioscience Industry Employment: 31,758 Direct-Effect Employment Multiplier: 4.7Total Employment Impact: 148,833Average Annual Wage (2010 dollars) $72,604
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Deeper Dive
Milwaukee:• Largest bio industry across the metros, 13,365 jobs
• 2 specialized industry concentrations:• Medical Devices (6,745 jobs) • Bio-related Distribution (3,600 jobs)
Madison: • Large, impressively varied, 7,748 jobs• Highly specialized/concentrated region
• One of only 8 US metros with a specialized employment base in 4 of 5 bio subsectors and the 5th is just under the specialization threshold
Sheboygan: 439 med device jobs Racine: 254 med device jobsJanesville: 294 Bio-related distribution jobs
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Leading Metro Areas
Metropolitan Statistical Area Total Biosciences
New York-Northern New Jersey-Long Island, NY-NJ-PA 117,281
Los Angeles-Long Beach-Santa Ana, CA 81,878
Boston-Cambridge-Quincy, MA-NH 66,147
Chicago-Joliet-Naperville, IL-IN-WI 61,650
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 53,334
San Francisco-Oakland-Fremont, CA 42,060
Minneapolis-St. Paul-Bloomington, MN-WI 40,776
San Diego-Carlsbad-San Marcos, CA 35,491
Miami-Fort Lauderdale-Miami Beach, FL 30,937
Dallas-Fort Worth-Arlington, TX 28,226
Washington-Arlington-Alexandria, DC-VA-MD-WV 25,533
Indianapolis-Carmel, IN 25,193
San Jose-Sunnyvale-Santa Clara, CA 24,833
Houston-Sugar Land-Baytown, TX 19,320
Atlanta-Sandy Springs-Marietta, GA 17,620
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$934 million in bioscience academic R&D in 2012
–70% of all academic research
–61% is the national average
Wisconsin Universities are Focused in the Biosciences
State inventors have been issued 3,048 bioscience related patents
since 2009
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As industry changes the future is in discovery and development partnerships.
Partnerships with Universities and emerging companies are critical for larger company success.
Your strategy fits nicely with the new model and should accelerate job growth and investment in Wisconsin
Positioned for the Future
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Looking Ahead
• Importance of biosciences as an economic driver continues with a bright future in helping to “feed, fuel and heal the world”
• But the growth of the biosciences depends upon innovation and its future success cannot be taken for granted
• Enlightened state development approaches and national policies have made an important difference in growing the biosciences in the U.S. and will continue to be important for the future in creating a high-quality business environment for biosciences industry to grow
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June 15-18, 2015 | Philadelphia, PA
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Thank You!! BioForward