1. Biotechnology Development in North Carolina Jasper D. Memory Prof. of Physics, Emer., NC State U Retired VP for Research, UNC System jmemory@nc.rr.com

2. Research Triangle Park (NC) (www.rtp.org) Duke, NCSU & UNCCH in 20 min. drive 140 organizations 44,000 employees 99.4 % of employees in R & D orgs. Capital investment exceeds $2 billion Total payroll about $ 2.7 billion Average salary = $ 54,145

3. Triangle Universities Center for Advanced Studies, Inc. (in RTP) Biotechnology Center of North Carolina Burroughs Wellcome Fund MCNC National Humanities Center National Institute of Statistical Services Sigma Xi (not yet under construction)

4. NC’s Biotechnology in 1985 8 to 10 life science companies 2 government laboratories Several research universities 3,000 to 4,000 jobs

5. NC Biotechnology Center (www.ncbiotech.org) Founded in 1984 by NC General Assembly, $6.5 million annual funding Mission: long-term economic development to NC through support of biotechnology research, development and commercialization Non-profit No in-house research

6. NC’s Biotechnology in 2002 142 life science companies 70 contract research organizations (CRO) 135+ support/service companies 30,000 jobs National rankings: 1 st in CRO’s, 2 nd in Ag/Chem R&D, 3 rd in Biotech companies, 4 th in Biopharmaceuticals 44 products, $2.5 billion/year Many companies originated from univ. research

7. Faculty Recruitments Supported Duke Univ.-- 5 East Carolina Univ.-- 1 North Carolina State Univ.-- 16 Univ. of North Carolina at Chapel Hill-- 17 Univ. of North Carolina at Charlotte-- 1

8. Lessons from Establishing Center No In-house research Go with strength (“Don’t go to your left.”) Get the best CEO you can afford