In this issue...
WBBA Industry Working Groups
Connect with your peers to meet the unique challenges your Organization faces.
Letter from the President
What a summer! And, where did it go?
But not this year! In 2012, we have been working in conjunction with Seattle Center to celebrate the 50th anniversary of the Seattle World’s Fair. We made a strategic decision to move Life Science Innovation Northwest to July to coincide with Global Health month. The decision paid off in spades; LSINW was a smashing success by all accounts. LSINW met or exceeded all of our goals; we had record numbers of company and organization presentations, 1:1 meetings, and a fantastic keynote by Jeff Raikes, CEO of the Bill & Melinda Gates Foundation, just to name some of this year’s conference. We have already announced the dates for LSINW 2013; July 10 – 11, 2013, once again at the Washington State Convention Center.
We also hosted a number of additional events and activities since the previous edition of “The Innovator”, including: the 5th annual Life Science Leadership Summit in Spokane at the beautiful WSU Riverpoint campus; a tremendously successful P4 Medicine event at the Seattle Center, featuring Dr. Leroy Hood and Governor Gregoire declaring June 21, 2012 as Washington State P4 Medicine day; Life Sciences night at the Sounders FC match on August 18; and our recent Open House on our beautiful new roof deck was a huge success with our biggest Open House crowd ever!
The 9th annual Golf Invitational saw more than 110 golfers have a wonderful time on a sunny day at Fairwood Golf & Country Club, helping us to raise funds for our BioPac. Our BioPac has, and will continue to contribute to dozens of state legislative races in the upcoming general election, including the gubernatorial race. For more information, I encourage you to go to WBBA’s Public Policy page to learn more about our priorities and to get involved.
Make sure that you check out our upcoming activity calendar: you don’t want to miss any of the great upcoming events, or opportunities to network and sponsor.
Our members and Washington’s life science community have also been extremely busy this summer. By my latest count, over a dozen financings have taken place since June, accounting for about $100 million for our members to continue to focus on the development and commercialization of some of the most innovative, life-saving treatments and cures for many of life’s challenges that afflict us most.
Our Commercialization team continues to support and mentor dozens of new, aspiring life science start-up companies, nearly 150 companies have worked with the WBBA to date - 50 unique companies alone this summer.
The WINGS Medtech Angel Network met again in July and our VIP Forum hosted C.R. Bard, a multinational medical device company based in New Jersey. These programs continue to attract world-class investors and strategic partners to Seattle and to Washington in an effort to import more capital to our state, including financial, intellectual and human capital to support our growing industry.
It was big news that Bill Gates recently announced that he plans on making strategic investments in biotech companies. Additionally, the W Fund announced the closing of a $20 million investment fund that will invest in Washington state innovation companies.
Recent data also supports that, except for the Boston cluster, Seattle and Washington’s life science research institutes continue to secure more NIH and other governmental funding than any other life science cluster in the United States, fueling the fire for our ongoing life science innovation and economic development.
Washington’s diabetes and neuroscience communities continue to grow, and become networked together. Following LSINW, Novo Nordisk hosted a “Diabetes Community” breakfast, which included several experts in the field, as well as world class research institutes. The objective of the meeting was to introduce like-minded non-profit research organizations with our local biotech and medical technology companies in the diabetes space. The Allan Brain Reaserch Institute hosted Washington’s “Neuro Neighborhood”, who also got together for the first time, bringing together nearly 75 local experts focused on several diseases that affect the neurological system. This type of “coopetition” will continue to keep Washington on the forefront of leading ideas and inventions focused on improving health care for citizens around the world.