The South Carolina Department of Commerce recently announced an alliance with the South Carolina Biotechnology Industry Organization (SCBIO) to identify life science growth strategies in the Palmetto State, ferreting out barriers and finding functional advantages.
Starting with an evaluation of the state’s existing industry assets and entities, the initiative will involve on-site visits to pharmaceutical suppliers, medical device and equipment manufacturers, research companies and other vendors to itemize resources and recognize areas for growth potential.
State Secretary of Commerce Bobby Hitt noted that the innovative plan squarely places South Carolina in the position of becoming an industry leader.
"Team South Carolina contains countless moving parts and players, and partnerships such as this one are integral to our continued success," Hitt said. "By leveraging SCBIO's experience and industry relationships, we look forward to providing the framework to support this vital sector."
SCBIO’s chairman G. Thomas Finnegan agreed, saying that the state’s biotechnology development will advance “to a new level.” His firm will utilize Commerce Department data to develop jobs, sustain public policy and maintain healthy competition, with the ultimate objective being to employ South Carolina graduates in firms that participate in affiliated research at the state’s universities.
"Our relationship … has successfully created a seamless connection with biomed prospects from initial contact to location,” SCBIO board member Craig Walker said. “And it has resulted in a Bio Task Force to build better client and customer connections.”
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