bio jobs hub | WRAL TechWire - Part 62

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Venture capitalists lay out ‘Four Pillar’ plan to ignite stock exits

Alarmed by the continuing lack of initial public offerings for venture-backed companies as well as other obstacles that these startups face in securing financing or “exits” such as stock offerings, the National Venture Capital Association wants some major changes made. Calling the current environment a “capital market crisis,” the NVCA It includes a call for more partnerships, additional paths to “liquidity,” less regulation and tax changes. The group laid out the strategy Wednesday at its annual board meeting in Boston. Pittsboro, N.C.-based Biolex, Triangle-based Aldagen and Atlanta-based Alimera are three regional venture-backed companies that have pulled IPO plans in...

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The Global TransPark’s new LEAF

Editor’s note: John Hood is president of the John Locke Foundation. RALEIGH, N.C. – Remember the old commercial for Reese’s Peanut Butter Cups? There’s a collision that gets someone’s chocolate in someone else’s peanut butter. Then they marvel at “two great tastes that taste great together.” Over the past...

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Community Colleges Begin Gearing Up To Meet Demand For Workers At Emerging N.C. Research Campus

CHARLOTTE, N.C. — Within five to seven years after the N.C. Research Campus opens in Kannapolis next spring, the Campus expected to be home for 5,000 biotech jobs, as well as another 30,000 jobs related to its presence. Finding qualified workers for those jobs is going to be quite a challenge, and the region’s community colleges are already gearing up to meet it. Recently, the North Carolina Community College System awarded Central Piedmont Community College (CPCC) in Charlotte three grants totaling just under $170,000 to jumpstart the efforts. Although CPCC was the direct recipient of the grants, two of...

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Big Thinking Leads to Bigger Results for North Carolina’s Emerging Research Campus

Editor’s note: Lynne Scott Safrit is the president of Castle & Cooke, North Carolina and project manager for the North Carolina Research Campus. KANNAPOLIS, N.C. – Think bigger. That’s what North Carolina must do to develop the kinds of initiatives that create jobs and prosperity, according to Secretary of Revenue Norris Tolson. And big thinking, Sec. Tolson continued, is exactly what’s going on at Kannapolis’ North Carolina Research Campus (www.ncresearchcampus.net ). “The concept in Kannapolis is enormous,” he said. “We all need to think bigger. We need to have a bigger vision and to go after that vision with...

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‘Staying on Top’ Plan Is Already Producing Results for RTP Region

Editor’s note: Charles Hayes, president and chief executive officer of the Research Triangle Regional Partnership, recently updated business and government leaders on the progress of a initiative designed to bring jobs to the region. LTW asked permission to reprint his update. _______________________________________________________________________________________”Staying on Top: Winning the Job Wars of the Future” is a five-year, $5 million action agenda to generate 100,000 new jobs and increase employment in all 13 counties of the Research Triangle Region of North Carolina. More than 60 organizations, called “institutional partners,” are collaborating to implement 30 actions that will support the growth of key emerging...

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Report: Piedmont Triad Research Park Is Crucial To Region’s Future

WINSTON-During the past year, Angelou Economics has spent an extensive amount of time in Forsyth and seven other Northwest N.C. counties, talking with community leaders, business owners and residents. The Austin, TX-based firm recently unveiled its final list recommendations based on those discussions for growing the economy in the region. Most of the report focuses on Forsyth County…the region’s economic and population hub with Winston-Salem and its downtown Piedmont Triad Research Park. The 10-acre PTRP, which is governed by a group called the Idealliance, currently includes four multi-story buildings, more than 20 tenants, approximately 600 employees and a total...

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State Offers Merck $24M To Develop Durham Vaccine Facility

Editor’s note: BioWatch is a regular feature on Fridays.The state legislature has offered Merck $24 million to buy and develop land in Durham for a vaccine manufacturing plant. This represents a milestone for proponents of luring more biotech facilities to NC. Merck is the first beneficiary of the Life Sciences Revenue Bond Authority (LSRBA) that the General Assembly created Wednesday. “Obviously we’re pleased at the outcome, which will help to make an expansion of the company’s presence in North Carolina attractive,” said John Bloomfield, a spokesman for Merck, in an interview with The Herald-Sun of Durham. He said a...

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Deal May Be Near To Keep State’s Supercomputing Center Open

RESEARCH TRIANGLE PARK — A solution may be near for the funding crisis of the Supercomputing Center at MCNC. While the details haven’t all been worked out, Local Tech Wire is told that users and MCNC are nearing a deal that will see the Supercomputing Center is compensated for services rendered. The hub of the state’s high-tech research and education network run by MCNC and a cornerstone for the fledgling BioGrid is losing money – a burn rate of $4 million or so a year, which would have made many “dot coms” proud. But Dave Rizzo, MCNC’s chief executive...

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O Canada! Raleigh Tech Firms Team With Canadians for Opportunities

When diagnostic testing company LipoScience began to cast about for new ways to use its nuclear magnetic resonance technology outside its traditional base of fighting heart disease, it tapped into a new economic development pipeline to Canada. The company is now working with the Institute of Biodiagnostics in Winnipeg, Manitoba, to develop a test to detect colon cancer. LipoScience Chief Executive Ron Stanton says the work is in the early stages, but the goal is that his company will eventually commercialize the test and split the revenue with the Canadian organization. “We’re always looking new applications for the NMR...

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