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The Making of Chicago as a Biotech Cluster

On May 15, I had the opportunity to attend an exciting Chicago networking event that was organized by Women Advancing Biosciences. The event featured a presentation by professor Alicia Loffler, who is the director of the Kellog Center for Biotechnology<......

Full article >>> ontracts from pharmaceutical firms
3. 56 percent of the new biotech businesses formed during the 1990s

Together with the other four areas, the nine areas represented:
1. 60 percent of all NIH spending on research
2. Almost 67 percent of all biotechnology-related patents
3. 95 percent of the research alliance dollars
4. 75 percent of the biotech companies wit......

Full article >>> nmental and other institutions (such as universities, standards-setting agencies, thinktanks, vocational training providers and trade associations) that provide specialized training, education, information, research and technical support.


A clusters boundaries are defined by the linkages and complementarities across industries and institutions that are most important to competition,......

Full article >>> s academic R&D relative to total employment . In this category, the leaders are Raleigh-Durham, Boston and Greater Washington, D.C.

In the realm of human capital, talent and experience draw ambitious companies. A composite score based on a weighted average of advanced and bachelors degrees ranks Greater Washington, D.C. as the most educated metro area in the U.S. followed......

Full article >>> tudy was based on data accumulated during the late 1990s, which was then analyzed and from which conclusions have been drawn.

But what has happened since? According to the Forbes article, the bad news is that the biotech clustering effect around the leading centers has concentrated even more, which we can see below:

City
Life Science Firms
Employees
Revenue
Full article >>> 74%
30 Kansas City $8.9 million 73%

33 Raleigh-Durham, N.C. $8.7 million 72%
34 Columbus, Ohio $8.7 million 72%
35 Des Moines, Iowa $8.7 million 72%
36 Minneapolis-St. Paul $8.7 million 72%

48 Montreal, Canada $8.0 m......

Full article >>> ), which adds perhaps another 100 companies to our enlargened cluster.

I agree with Loeffler that you cant use the entire Midwest as a biotech cluster since you would dilute the concentration effect, but if we wrap in an area of a four-hour radius from Chicago (by car of course!), you are probably approaching more than 230 companies (not to mention all the large life science companies an......

Full article >>>
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Source:wistechnology.com By Michael Rosen 05/19/03


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