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Ohio's Bioscience Industry Thrives With World-Class Industry Collaboration
Date:6/16/2011

COLUMBUS, Ohio, June 16, 2011 /PRNewswire/ -- For a successful bioscience company there are many moving parts that make it great. From research institutions and knowledgeable workforce to suppliers and market access, each of these resources helps bioscience companies bring innovative solutions to today's modern scientific challenges. Yet, leveraging these solutions in a cost-effective manner is a challenge. Costs associated with R&D are high. Complexity in the supply chain can lead to unwanted delivery and solution delays. It is a challenge for bioscience companies to find all the resources in a timely manner to advance scientific discovery.

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Bioscience companies require an ideal environment that combines a business-friendly climate, industry expertise and collaboration, a well-educated workforce, dedicated universities and research institutions, and a strong supply chain to get products to market.

"The bioscience industry is Ohio's fastest-growing industry in virtually all ways – capital invested, companies started and jobs created," said Tony Dennis, president and CEO of BioOhio, a nonprofit organization dedicated to accelerating bioscience discovery, innovation and commercialization in Ohio. "Ohio's bioscience ecosystem is healthier than ever and resources are constantly being added or enhanced."

According to the latest industry growth report from BioOhio, Ohio is home to 1,345 bioscience entities in operation throughout the state from Fortune 500 public companies to incubating start-ups. This concentration of bioscience companies is proof of Ohio's commitment to establishing an international leadership role in the bioscience industry to help companies find innovative and cost-effective solutions to scientific challenges.

Ohio's bioscience industry expertise and collaboration, along with a
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SOURCE Ohio Business Development Coalition
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