Wisconsin and Biotech

Wisconsin’s technology industry is often compared unfavorably to the tech-based economy in Minnesota, a state with more venture capital investments, more college graduates and a long history of spinning out entrepreneurial companies. For the most part, our Minnesota envy is justified – but not when it comes to biotechnology.

Twice in recent months, Minnesota biotech leaders have been quoted in Twin Cities’ publications as saying, in essence, “Forget California and Massachusetts – we need to be more like Wisconsin.” They pointed to Wisconsin’s research institutions, its process for patenting and licensing biotech innovations, and its ability to place start-up companies in settings such as University Research Park in Madison.

It’s not just the folks in Minnesota who are noticing. Last week, a delegation from Florida toured Madison to find out why biotechnology is flourishing in Wisconsin’s capital city but has yet to establish roots in Tallahassee, another state capital and university town. The Florida delegation left impressed by what they saw – and maybe a bit daunted by what it would take to compete.

Whether it’s the latest Forbes magazine “best places for business” ratings or articles such as the recent review in Genetic Engineering, Wisconsin is getting some well-deserved press as a place for life science businesses to start and grow.

More here.