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Market & Emerging BT Overview Russ Read Executive Director National Center for the Biotechnology Workforce/ NCCCS BioNetwork 2100 Silas Creek Parkway Winston-Salem,

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Presentation on theme: "Market & Emerging BT Overview Russ Read Executive Director National Center for the Biotechnology Workforce/ NCCCS BioNetwork 2100 Silas Creek Parkway Winston-Salem,"— Presentation transcript:

1 Market & Emerging BT Overview Russ Read Executive Director National Center for the Biotechnology Workforce/ NCCCS BioNetwork 2100 Silas Creek Parkway Winston-Salem, NC

2 Emerging Biotechnologies Training & Education Requirements State of the biotech economy - what does the “Tech Future” look like for our programs and students? Russ Read Natural products, dietary supplement and functional food industry, how will the skills and aptitudes have overlap with existing Biotechnology Programs? Tamara Goetz Discussion on how Eisai has invested in e-learning vehicles and has been supported by NC BioNetwork. Priscilla Nunn Immersive learning will be discussed and demonstrated for session attendees. Matt Meyer Community College Program - May 17 th 2009

3 Russ H. Read Community College Program BIO May 17, 2009 Biosciences Talent Required

4 Biotechnology Industry Biotechnology’s Potential Food & agriculture Industrial Medicine Environment Information Fuels “Vast and Imaginative” It’s a Bladder! It’s a Bladder! Made in NC Our BT graduates helped!

5 Bioscience Segments Sector % Agriculture 8 Pharma 24 Med. Device 33 Res. & Testing 35 Research & Testing leading segment

6 Global Biotechnology $ Market Billions Past, Present & Future ? Market grew +12%

7 Size of US Biosciences Industry Year Diff % Companies 40,454 42, Employees1,243,0001,295, Growth in Talent and Companies

8 Market Issues Technology- Invent, Research & Develop Capital- Invest, Divest & Reinvest Talent- Recruit, Transform & Groom

9 Technology Invent, Research & Develop R&D investment of $65.2B in new medicines +3% over p.y. 2,900 medicines in development- examples CancerHeart & StrokeHIV/AIDS Alzheimer’s Pipeline of Hope & Opportunity

10 BIO Technology Expansion GreenEnergyHealthFood Water purification BioenergyMolecular designNatural products Air purification BiodieselNanomedicineBiotics Recycled Bio mass Cellulosic ethanol RegenerativeAnti-oxidants HydrogenPersonalized medicine Agricultural bioprocessing Heal, Fuel, Feed the World!

11 Capital Invest, Divest & Reinvest Angel investments 2008 declined by 26.2% at $19.2 B Deals even, less invested per deal 55,480 deals by 206,500 investors Capital investment fell by 46% 356 companies are public The IPO market is closed, 95% down in companies have a market cap over a $1B 120 companies are operating with less than six months cash Companies are conserving cash, hibernating “B” projects Excerpts from Burrill Cash Rich Companies are on the Hunt for Products and Talent

12 New Deals Mergers & Acquisitions Pfizer / Wyeth Roche / Genentech Merck / Schering Plough Gilead / CV Therapeutics Vertex / Virochem Out of Box Thinking SANOFI – AVENTIS Cell Culture Research Complex in Paris What is this? It’s a “Peetle”

13 Talent Recruit, Transform & Groom Unemployment rate is at a record high 8.9% Biotech & pharma companies are shedding surplus head count Talent is career changing or rearranging or realigning(life-style) People are postponing retirement - loss of value of retirement funds Cash rich biotech companies will “Hire” others will “Trim” Despite this, 76 million Americans will retire between Workers 55+ growing 4X faster than the labor force as a whole The economy will recover, retirements will outpace job postings Around 90 US Community Colleges are ready to train BT candidates

14 Talent Required- Examples Scientists, clinicians, technicians, chemists, biologists, pharmacologists, toxicologists, research associates, regulatory experts, manufacturing & production teams, packaging, ancillary support teams etc., Mature People Who are Willing to Adapt to Highly Skilled Technical Work

15 Workforce- by segment

16 Wages- Biosciences Jobs Pay for Performance

17 Systems Approach Summer enrichment programs for middle and high school students Articulations from high school to 2 year colleges Community College Regional Partnerships 1+1 Internships for all levels ( H.S., college/4 year and post. grad.) US DOL approved Biotechnology Apprenticeships Seamless articulations from 2 year schools to 4 year schools 2+2 Reverse articulations Distance learning hybrids- More Simulations & Gaming Short(120 hours) non-credit programs for technical operators

18 Careers – Possibilities & Preparation Find Creative Ways to Partner Assure Job Skills & Job Seeking Skills are Ready Start Up Co. Private/PublicNot- for- Profit Internship Secondment Job share Hard SkillsSoft SkillsJob Prep Skills Technical competence Teamwork and communication Resume writing, interviewing

19 Mica Welsh, AAS 07 Jim Crawford, BS, AAS 06 Come visit our Mobile lab at BIO Exhibition Hall #

20 Dr. Tamara Goetz Dr. Tamara Goetz Science Advisor for the State of Utah 324 South State Street, Suite 500 Salt Lake City, Utah Natural Products – Emerging Area

21 Priscilla Nunn Sr. Manager, Employee Development Eisai, Inc. 900 Davis Drive Research Triangle Park, NC Emerging Technologies – E-Learning

22 Immersive Learning Matthew Meyer Associate Vice President Innovation and Biotechnology North Carolina Community College System


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