Indiana solidifies leadership in Life Sciences with remarkable growth in 2023

2024-05-08T11:33:04-04:00May 6, 2024|

With a $95 billion economic contribution and significant advancements over the past year, Indiana solidifies its position as a global leader in life sciences. INDIANAPOLIS — In a year marked by incredible accomplishments, Indiana's life sciences industry once again demonstrated its capacity for substantial economic contribution and pioneering innovation, successfully securing $5.5 billion in capital investment in 2023, despite global economic challenges. This funding underscores the state's resilience and commitment to maintaining a thriving life sciences sector, which contributed $95 billion to Indiana’s economy last year alone. The breakdown of the 2023 investments is as follows: $8.2 million in SBIR/STTR funding awarded to 17 companies, $287.5 million in Venture Capital invested in 34 companies, $160.7 million accessed through public markets by three companies, Nearly $3.5 billion in mergers and acquisitions related to Indiana life sciences companies, $1.5 billion in capital [...]

WISH-TV: BioCrossroads is working to grow life sciences in Indiana

2024-04-15T12:05:47-04:00April 15, 2024|

BioCrossroads President and CEO Vince Wong was recently featured on WISH-TV's Business, Equity and Opportunities show with Scott Sander to talk about the growth of the life sciences in Indiana. Indiana is ranked first in the nation for pharmaceutical exports and second in the nation for life sciences exports. Indiana's life sciences sector: $95B annual economic contribution 67,000+ workers 3,000+ life sciences establishments $108,000+ average wage Wong talks about an area of growth for the sector including attracting companies that manufacture devices to treat and manage diseases. He also talks about the need to continue to attract talent into the growing sector. WATCH (Sources: WISH-TV and BioCrossroads)

IIB: New BioCrossroads CEO bullish on Indiana’s life sciences future

2024-03-15T11:54:38-04:00February 5, 2024|

In February, BioCrossroads, the life sciences initiative of CICP, announced Vince Wong as its new President and CEO. Wong said his experience with both a major corporation and a small startup will prove valuable for his new role. Wong discussed how his previous work will benefit his new job and the state in an interview with Inside INdiana Business, Business of Health Reporter Kylie Veleta. READ MORE (Sources: Inside INdiana Business, BioCrossroads)

BioCrossroads Welcomes Vince Wong as President and CEO

2024-01-31T09:05:19-05:00January 31, 2024|

In a pivotal moment for Indiana’s life sciences sector, Vince will play a crucial role in championing the newly released life sciences industry strategy. INDIANAPOLIS — Following a thorough national search, BioCrossroads, a catalyst for Indiana's life sciences sector, today announced the appointment of Vince Wong as its new president and CEO. An esteemed leader with a rich background in healthcare and life sciences, Vince takes the helm at BioCrossroads ready to harness his vast expertise to elevate the organization’s impact on Indiana’s life sciences ecosystem. Vince’s extensive experience at both multinational and venture backed start-up life science companies, coupled with deep-rooted insights into the life sciences sector, both locally and nationally, position him as a visionary leader who will help drive the recently released life sciences strategy for Indiana. Read the report: TEConomy Partners: A Strategic Roadmap for Advancing [...]

Igniting an Industry: A Strategic Vision for Indiana’s Future as a Global Leader in Life Sciences

2024-01-09T00:42:32-05:00January 8, 2024|

Collaborative efforts in four key areas will establish Indiana as the leading state for advancing innovations into products that improve health and well-being INDIANAPOLIS – Marking a significant milestone since Indiana’s designation as a federal Tech Hub in October 2023, BioCrossroads today unveils a groundbreaking strategic framework poised to catapult Indiana to the forefront of the global life sciences sector. This comprehensive industry strategy, crafted in collaboration with TEConomy Partners, is set to transform Indiana’s life sciences landscape, focusing on four pivotal areas: Fostering research and development and innovation Enhancing the state’s life sciences manufacturing ecosystem Boosting Indiana’s life sciences talent and workforce Supporting connections and outreach across the sector This strategy is set to transform Indiana’s life sciences sector through the development of strategic manufacturing hubs and targeted investments that enhance the state's domestic manufacturing capabilities. These efforts are [...]

IU School of Medicine’s Bruce Lamb named BioCrossroads’ 2023 Watanabe Life Sciences Champion

2023-11-09T16:51:59-05:00November 9, 2023|

Researcher has contributed on a global scale to efforts to overcome Alzheimer’s disease INDIANAPOLIS — The BioCrossroads Board of Directors today named Bruce T. Lamb, PhD, as the recipient of the 2023 August M. Watanabe Life Sciences Champion of the Year Award. Lamb is the executive director of the Stark Neurosciences Research Institute at Indiana University School of Medicine and co-director of the Neurosciences Institute, a partnership between Indiana University Health and IU School of Medicine. The prestigious honor, named in tribute to BioCrossroads’ late Chairman August Watanabe, was given to Lamb at today’s Indiana Life Sciences Summit in recognition of his globally significant research into the causes of and potential treatments for Alzheimer’s disease as well as his many years of advocacy to increase research funding and raise awareness for challenges the disease brings to families and caregivers. “As [...]

BioCrossroads’ annual Life Sciences Summit to showcase Indiana’s leadership role in the battle against Alzheimer’s disease

2023-10-17T17:50:35-04:00October 16, 2023|

INDIANAPOLIS (October 16, 2023) – BioCrossroads today announced the agenda for its 2023 Life Sciences Summit, which will focus on Indiana’s leadership role in research and medical advances related to Alzheimer’s disease as well as in helping people who live with Alzheimer’s and caregivers manage the disease that affects more than 6 million Americans – including about 110,000 Hoosiers. “Our annual summits have always offered meaningful insights, but this year we are pleased to focus on how Indiana researchers and care-focused organizations are involved in globally significant advances that could provide life-altering change for so many people,” said Jane Dunigan-Smith, BioCrossroads’ senior vice president and chief strategy officer. “The hard work so many Hoosiers have put into the battle against Alzheimer’s disease is coming to realization, and we are proud to offer a forum that showcases it.” Alzheimer’s Association Greater Indianapolis [...]

CICP launches search for new BioCrossroads President and CEO

2023-09-18T01:12:32-04:00September 11, 2023|

Optimistic about expected growth in Indiana life sciences/healthcare sector, BioCrossroads prepares for the future INDIANAPOLIS – Already a global leader in life sciences and healthcare innovation, Indiana is poised to meaningfully grow the sector in the coming months, including medical devices and pharmaceutical manufacturing, but must focus on growing the talent needed to realize that potential. Talent development and support will be a priority in the future for BioCrossroads, the Central Indiana Corporate Partnership (CICP) initiative focused on growing the life sciences sector in the coming years, said CICP CEO Melina Kennedy. "It’s an exciting time to be involved in Indiana's life sciences at every level now and in the coming months and years," Kennedy said. Among the opportunities facing the sectors is the potential for Indiana to be named one of 20 regional tech hubs under the 2022 Creating [...]

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