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Midwest is cost-effective for startup biotech companies

In May 2003, I wrote a column about the cost of doing business (CODB) for biotech companies in different parts of the United States. The point of the column was that one of the advantages of doing business in the Midwest is a significant cost advantage versus setting up shop in other parts of the country (or even the world).

We know that the cost of wet lab ......

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I will warn you in advance that I'm not going to include all 50 cities. Instead, I'm giving you a sampling of cities.

In all fairness to the European cities listed here, part of their high cost is the increased valuation of the Euro against the U.S. dollar. The U.S. dollar is currently worth about 80 percent of one Euro. The value of the Euro has increase......

Full article >>> raise more money may outweigh the higher CODB. San Diego is probably the most cost-effective place as the CODB is about the same as Chicago but with a greater ability to raise VC funds. In the Midwest, Minneapolis is clearly king when you factor in CODB and ability to raise VC money.

When I started this column back in February 2003, I did so under the firm belief that no individual was c......

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Source:wistechnology.com By Michael Rosen 02/21/05


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