L.A. Gets Serious on Biotech Infrastructure
Source: Los Angeles Business Journal
2018 might mark a major year for Los Angeles County’s effort to anchor and retain new biotechnology firms, using a mix of planning support and public dollars.
A county bioscience cluster initiative, drawn from two recent studies on how to expand the region’s $40 billion industry, aims to create business ecosystems that support biotech innovators. The initiative aims to nurture entrepreneurs by providing access to lab space and venture capital, something the region hasn’t done as well as places such as San Francisco or San Diego.
The headliner in the effort is a new development on LA BioMed’s 15-acre biotech park on the campus of Harbor-UCLA Medical Center, which the county Board of Supervisors is expected to approve this month.