Over the past few months there have been several new strategies and reports published by states, regions and think tanks regarding the BioEconomy. We are at the start of the next phase of economic development investments in the sector, which I think is BioEconomy 2.0. BioEconomy in this context refers to a variety of similar terms used by economic developers including life sciences and biosciences.
The first phase of activities began around 1999 when states such as Pennsylvania launched their life science initiatives utilizing a portfolio approach to investing in infrastructure, research and development, venture capital and regional innovation clusters. Their work inspired several states to launch similar efforts including Massachusetts, California, Texas and others to varying degrees. Continue reading “BioEconomy 2.0”