Author: GSBS | Category: In The News | August 30, 2016
The Rivard Report has launched a four-part series that will explore how the biotech industry in San Antonio got its start and what it will take to build a lasting biotech ecosystem.
The article outlines how the bioscience economy got started in San Antonio along with the growth of San Antonio's military medicine center.
“Biotech is a competitive industry worldwide, with many research universities and companies working to come up with new ideas,” BioMedSA President Ann Stevens said in the article. “The military has a specialized focus, and with the U.S. military medical activity focused here, it is a huge differentiating factor for San Antonio.”
According to the San Antonio Chamber of Commerce’s 2014Health Care & Bioscience Economic Impact Study, the health care and bioscience industry is among the leading drivers of the San Antonio’s economy with an annual impact of $30.6 billion dollars. Almost 165,000 people – or one in six employees in San Antonio – work in the health care and bioscience industry.
“Research is the fuel that drives the bioscience industry, and it comes from three main sources: academia, the private sector, and the U.S. military,” Stevens stressed. “And San Antonio has critical mass in all three areas.”
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