Each year, BioAlabama member companies realize significant benefits through our strategic initiatives, industry network, advocacy support, and money-saving group purchasing.
Measuring key indicators of industry health such as employees and companies, average wages, R&D expenditures and VC investments, the biennial TEConomy/BIO The Value of Bioscience Innovation report released in 2016 shows Alabama’s biotech industry is strong and growing.
In Alabama, 808 companies and organizations in the bioscience industry employed nearly 14,000 Alabamians in 2014. Bioscience generates over 70% of total science and engineering investments in the state, ranking Alabama among the top 10 in the nation for the highest concentration of academic bioscience research and development expenditures.
Bridging Research & Industry
The 2016 BioAlabama Annual Meeting drew more than 100 biotech CEOs, university leaders, researchers, entrepreneurs and investors to Birmingham in May. With two panel discussions and keynote speakers including Governor Robert Bentley and Rafael Andino of Clearside Biomedical, the meeting helped members identify opportunities for innovation, economic development and job creation, and generated strong media coverage statewide.
In partnership with the Department of Commerce, BioAlabama exhibited at the 2016 BIO International Convention in San Francisco to market the state as a destination for strong biotech capability and investment opportunity. The BioAlabama members who attended conducted more than 300 one-on-one meetings with national industry leaders to secure licensing, investment and procurement deals.
Advocating for Our Industry
Every legislative session, BioAlabama leaders travel to the state capitol for a Legislative Day to advocate for the impact and growth of the biotech and life sciences industries. This year, members of the board met with Governor Robert Bentley and members of the legislature to share member success stories and to provide updates on industry needs for continued growth.
To advocate for the biotechnology industry on Capitol Hill, BioAlabama participated in BIO’s Legislative Fly-In in Washington D.C. in April, meeting with U.S. Senators Jeff Sessions and Richard Shelby, and five of the seven U.S. Representatives for the state.
This year, BioAlabama introduced the inaugural Element Award, to start a tradition of recognizing an individual’s ongoing efforts to help build and bolster the biotechnology and life science industries in the state of Alabama. The award was presented to Jim Hudson, Co-Founder of the HudsonAlpha Institute for Biotechnology in Huntsville.
Saving Members Money
Leveraging the power of group purchasing, BioAlabama provides its members– as a free benefit– thousands of dollars in savings every year.Through the BIO Business Solutions program, members have access to significant discounts from preferred vendors in the life sciences industry.
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