About Biotech Innovation

Advances in medicine and biotechnology save countless lives and improve the health of millions. These discoveries happen because of the biotech industry, which is the confluence of the pharmaceutical/therapeutic, medical device/equipment, agribio, medical testing, health care/biotech IT, and supplier/distributor subsectors. Biotech innovations developed from these areas not only improve our health, but can also create high-paying jobs and build healthy, diversified economies. The biotech industry is consistently among the fastest growing of all technology sectors and is responsible for 1.7 million jobs in more than 85,000 businesses for a total economic impact of $2 trillion in the U.S. However, the very factors upon which biotech innovation are based are the most challenging to understand, quantify, and incorporate into practice. True biotech innovation requires not only scientific knowledge and economic investment, but also a critical understanding of urban planning issues, demographic factors, and socioeconomic indicators, each of which are regionally unique.
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