Biotechnology Development in North Carolina Jasper D. Memory Prof. of Physics, Emer. , NC State U Retired VP for Research, UNC System jmemory@nc. rr. com
Research Triangle Park (NC) (www. rtp. org) • • Duke, NCSU & UNCCH in 20 min. drive 140 organizations 44, 000 employees 99. 4 % of employees in R & D orgs. Capital investment exceeds $2 billion Total payroll about $ 2. 7 billion Average salary = $ 54, 145
Triangle Universities Center for Advanced Studies, Inc. (in RTP) • • • Biotechnology Center of North Carolina Burroughs Wellcome Fund MCNC National Humanities Center National Institute of Statistical Services Sigma Xi (not yet under construction)
NC’s Biotechnology in 1985 • • 8 to 10 life science companies 2 government laboratories Several research universities 3, 000 to 4, 000 jobs
NC Biotechnology Center (www. ncbiotech. org) • Founded in 1984 by NC General Assembly, $6. 5 million annual funding • Mission: long-term economic development to NC through support of biotechnology research, development and commercialization • Non-profit • No in-house research
NC’s Biotechnology in 2002 • • • 142 life science companies 70 contract research organizations (CRO) 135+ support/service companies 30, 000 jobs National rankings: 1 st in CRO’s, 2 nd in Ag/Chem R&D, 3 rd in Biotech companies, 4 th in Biopharmaceuticals • 44 products, $2. 5 billion/year • Many companies originated from univ. research
Faculty Recruitments Supported • • • Duke Univ. -- 5 East Carolina Univ. -- 1 North Carolina State Univ. -- 16 Univ. of North Carolina at Chapel Hill-- 17 Univ. of North Carolina at Charlotte-- 1
Lessons from Establishing Center • No In-house research • Go with strength (“Don’t go to your left. ”) • Get the best CEO you can afford
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