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Article: For many North Carolina start-ups, biology is destiny: the Biotechnology Center has provided $14.5 million to 86 companies for product research and development.(N.C. Biotechnology Center)(North Carolina)
- Article from:
- Business North Carolina
- Article date:
- September 1, 2004
CopyrightCOPYRIGHT 2004 Business North Carolina. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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North Carolina has surpassed Maryland to become the nation's third leading state for commercial biotechnology, according to an Ernst & Young survey. The state's growing number of biotechnology start-up companies is largely to credit for its rise in the rankings. In fact, North Carolina led the nation in percentage growth of biotechnology start-ups between 1997 and 2001, according to the U.S. Department of Commerce. And with good reason. The state has all the ingredients for encouraging biotech start-ups: research universities brimming with new technologies and a desire to commercialize them, a pool of experienced entrepreneurs and managers who can assemble and run new ...