New Texas Bio Corridor Alliance, formed to stimulate medical innovation in Texas, selects Round Rock as headquarters
Nonprofit organization aims to connect the life sciences community along the IH-35 corridor
A new nonprofit organization called Texas Bio Corridor Alliance announced that it has launched to connect the vast amount of life sciences resources and talent along the IH-35 corridor within the state. This area along IH-35 is being coined the Texas Bio Corridor by the namesake organization, which was formed with support from the Texas Healthcare & Bioscience Institute (THBI,) numerous life science and biotechnology incubators, and associated businesses and institutions.
THBI President Tom Kowalski, Round Rock Mayor Alan McGraw and Texas A&M Health Science Center (TAMHSC) College of Medicine Vice Dean Dr. Ed Sherwood spoke at a June 1 launch event at the TAMHSC in Round Rock, with Texas Bio Corridor Alliance Co-founder and Chairman of the Board Russ Peterman serving as host and emcee. Approximately 50 community and business leaders from the region attended.
“It will be incredibly advantageous to have a strong voice representing the high concentration and growing number of life sciences companies located hundreds of miles away within the state,” Kowalski said.
The Texas Bio Corridor Alliance also announced that the board of directors has selected Round Rock, Texas, as the headquarters for the organization. The specific location will be determined and announced this summer.
“Round Rock is an ideal location for our statewide organization because it is located centrally within the Texas Bio Corridor, which runs from San Antonio to Dallas/Fort Worth,” Peterman said. “The leadership in Round Rock also possesses the progressive, collaborative mindset that we wanted in the community where the alliance’s headquarters will reside.”
The biotechnology is one of Round Rock’s top targets for economic development.
“Biotechnology careers are projected to expand by 31 percent over the next 10 years nationwide, and Texas is a growing leader in this important industry,” said Doug Kurkul, president and CEO of the Round Rock Chamber of Commerce - Economic Development Partnership. “The alliance is perfectly positioned to help the state’s continued growth in biotechnology and life sciences. And Round Rock, which is home to four hospitals, three higher education institutions, and many of the state’s most innovative companies, is the ideal home for the alliance.”
By leveraging the collective successes of businesses and talent along the IH-35 corridor, the Texas Bio Corridor Alliance aims to stimulate recruitment and product commercialization, evolve Texas into a leader in the global life science community, and to help keep and add more bioscience jobs in Texas.
“We see an opportunity to harness the collective successes of life sciences, biotech and medical devices companies located along the highway, which runs through the center of the state,” Peterman said. “We hope that by providing resources, support and solutions to these companies, they will grow faster and succeed more, which will help establish Texas as a leader in biotech.”
This area along the IH-35 corridor is quickly becoming established as the next hotbed of biotechnology and life science innovation, and is similar in comparison to the number of bio companies in San Diego, Houston, Boston or Seattle. In addition, the combined population within the IH-35 corridor in Texas is 15,000,000 people—roughly the same population size as the entire state of Ohio, and more than the population of all but six other states, according to the 2010 U.S. Census.
Texas Bio Corridor Alliance participants will include:
- emerging life sciences and biotechnology businesses
- incubators and accelerators
- state and city government
- economic development corporations
- doctors, hospitals and healthcare organizations
- service providers, such as attorneys, Federal Drug Administration consulting firms, etc.
- other technology alliance organizations
- investor organizations, such as angel investors and venture capital firms
- research organizations
- technology transfer offices
- workforce organizations
- colleges and universities
The alliance will offer opportunities for professionals to network and collaborate as a means for companies and organizations to prosper and grow. It will also identify investors to fund existing and new emerging life science companies and initiatives.
The Texas Bio Corridor Alliance will provide life sciences and bio professionals and companies a comprehensive network of resources and support, such as:
- jobs and workforce database
- experienced mentors and industry contacts
- assistance securing capital
- high-speed, proprietary intranet for data transfers and collaboration
- network of qualified local service providers
- educational webinars
Board of Directors
The Texas Bio Corridor Board of Directors was established in January and includes Russ Peterman as president, co-founder and chairman of the board (also president of the Texas Life-sciences Collaboration Center,) Jack Hart as co-founder and treasurer on the board of directors (also director of the Texas Medical Device Alliance) and Hubert Zajicek as board member (also managing director of medical technology at the North Texas Enterprise Center for Medical Technology.)
The board plans to hire an executive director and staff later this summer.
About the Texas Bio Corridor Alliance
Established in late 2011, the Texas Bio Corridor Alliance (TBCA) is a nonprofit organization formed to connect the life sciences community along the IH-35 corridor in Texas, dubbed the Texas Bio Corridor by the organization. The mission of the TBCA is to accelerate commercial successes in the life science industry along the IH-35 corridor in Texas and promote the state as a recognized global leader in the healthcare industry. For information on events, participant benefits and pricing, or sponsorship opportunities, please visit www.TexasBioCorridor.org.
About the Round Rock Chamber of Commerce
The Round Rock Chamber of Commerce & Economic Development Partnership is one of the largest and most active business organizations in Central Texas. Information about the organization is available at www.RoundRockChamber.org. Information about doing business in Round Rock can be found at www.RoundRockTex.com.
Posted: Thursday, June 07, 2012