Summary
The governor also planned to cut $5 million from the $7.5 million Georgia Seed Fund, a successful early-stage funding program for tech start-ups, which has attracted about $25 from outside investment for every $1 spent by the state, a conspicuous move at a time when the "valley of death" -- the gulf between discovery and commercialization - has only gotten wider for early-stage companies. Georgia may be far behind such bioscience industry leaders as California, Massachusetts and North Carolina; but by all accounts, this state definitely is in the game, with $16 billion in sales (2007), 62,000 jobs in the life sciences (companies, universities, government agencies, etc.), multibillion dollar international firms, such as animal-health company Merial, and some of the world's leading innovation centers, including Georgia Tech's $80 million Marcus Nanotechnol-ogy Research Center, which held its official grand opening in April.
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Extract
Going for the Gold
ATLANTA WILL BE THE CENTER OF THE BIOTECH UNIVERSE this month when it hosts the BIO International Convention, May 18-21, at the Georgia World Congress Center. If there were an Olympics for the global life sciences industry, this would be it.
The Biotechnology Industry Organization (BIO) has been holding the event for 17 years, typically in industry hotbeds such as Boston an...See the full content of this document
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