For four decades, an informal network of public-private partnerships has collaborated to support the advancement of life sciences product development and commercialization. The growth resulting from life sciences industry expansion has meant jobs, wealth creation, better healthcare, food, consumer products, and prospects for new energy.
Today, those partnerships are cracking under pressure from resource limitations, public budgetary challenges, health reform, intellectual property risks, a venture capital valley of death, human capital shortages, and more.
Looking ahead, massively disruptive advancements in technology and innovation, along with shifts in public policy, will determine where viable investments lie, and what ultimately will reach the marketplace and impact our lives worldwide. How can innovators, consumers and policymakers in this BioEconomy be prepared for the changes of the next 20 years, and what policies should be supported and pursued to expand access and tap the full range of benefits available from the next wave of innovations? All this and more will be explored at the first-ever BioEconomy Summit on June 25th in the birthplace of it all, Silicon Valley, California.
How will the economic impact of expanding populations in need of healthcare, food, and fuel and suffering from environmental degradation and pandemic threats change how business is done globally? Will we be able to harness scientific breakthroughs to reach our social and economic goals? How will the workforce prepare for the scientific challenges ahead? What can governments do to stimulate innovation in the BioEconomy?
The BioEconomy Summit is the first global conference to convene leaders and provide forums for consideration, understanding and consensus-building regarding issues surrounding the rapidly evolving BioEconomy.
Speakers, panelists, and attendees will jointly consider and offer direction for the future of the BioEconomy and assess the potential for bio-based industries to significantly improve the health and well being of both the Earth and its inhabitants.
According to the Organization for Economic Coordination and Development (OECD), the BioEconomy is comprised of a broad range of economic activities, all benefiting from discoveries and related products and services arising out of the life sciences. In some parts of the world, the BioEconomy represents employment and economic development; elsewhere it offers hope for critical solutions and improvements in access to health, food, energy and environmental remediation.
The rapidly emerging BioEconomy contains pivotal opportunities to consider and leverage policies and actions which would affect the speed and success of developments to improve: