“The World Has Changed…what are
we going to do about it?

BIOMEDevice
December 4 , 2013

Dale Wahlstrom
President and CEO,...
Agenda
1.

LSA Today

2.

A Problem: Innovation Ecosystem

3.

Our Approach to Resolution: The Innovation
Engine

© LifeSc...
LifeScience Alley is…
The largest state-based trade association
serving the life sciences in the U.S.

Nearly 700 members,...
Locally Focused/Global Reach

700 Members

4

© LifeScience Alley + The BioBusiness Alliance of Minnesota 2011
Improving the Environment Through
Connecting

Advocating

Cultivating
Innovation

Educating
Special
Projects
Membership
5
LSA Today
Mission: To establish and lead a strategic
approach to improve the business environment
for knowledge-based comp...
This is a big change for us.

7

© LifeScience Alley + The BioBusiness Alliance of Minnesota 2011
It is a necessary change
•48,000 people work in the life sciences in
Minnesota.

•Highest per capita medical device concen...
In medical device Anything, good or bad, is more
good or bad for Minnesota than anywhere else in
the world.

9

© LifeScie...
Mission shifts to improving the operating
environment for your companies.

We want to set the stage for growth.

10

© Lif...
Three Large Focuses
1. Improve access to capital.
2. Improve access to global
markets, technology, talent.
3. Improve rela...
Will focus on Third Problem Today
Improve relationships among public, private and
academic sector.
- Most complex
- Most F...
A Problem
Key constituencies for innovation eco-system are
not aligned.
Innovation Ecosystem is the interaction of
public,...
Innovation Eco-System
“Utopia”
Academia

Private
Sector

Government
MN Innovation Eco-System
1980’s- early1990’s
Academia

Private
Sector

Government
MN Innovation Eco-System
Late 90’s – 2000’s

Academia

Private
Sector

Government
MN Innovation Eco-System
2008 - 2010

Academia

Private
Sector

Government
MN Innovation Eco-System
2013
Academia

Private
Sector

Government
MN Innovation Eco-System
Evolution
Academia

Academia
Government

Private
Sector
Private
Sector

Government
Our Approach to Improving:

The Innovation Engine: A comprehensive
approach to improving policy, relationships
and culture...
The Innovation Engine
- Guided by strategic plan: Destination
2025
- Available on our website

- 5+ years, multi-million d...
Practical Examples of our work

22
Tech Transfer
Partner with Mayo Clinic and University of
Minnesota on Tech Transfer reform.
- Create industry dialogues to...
Relationship building
• Dialogue with academic and private sector
researchers to build common ground.
• Training program t...
Product Approval Process
Partnership with FDA on regulatory science: MDIC
- Improving underlying science in product
submis...
Our Industry has many Challenges
LifeScience Alley desires a systematic approach to
remove them.
- Give us feedback.
- Be ...
Thank you
dwahlstrom@lifesciencealley.org
www.lifesciencealley.org
Director of Membership Services
Frank Jaskulke
fjaskulk...
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The world has changed…and we are doing something about it!

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Dale Wahlstrom, President and Chief Executive Officer, LifeScience Alley & BioBusiness Alliance of Minnesota

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The world has changed…and we are doing something about it!

  1. 1. “The World Has Changed…what are we going to do about it? BIOMEDevice December 4 , 2013 Dale Wahlstrom President and CEO, LifeScience Alley and the BioBusiness Alliance of MN
  2. 2. Agenda 1. LSA Today 2. A Problem: Innovation Ecosystem 3. Our Approach to Resolution: The Innovation Engine © LifeScience Alley + The BioBusiness Alliance of Minnesota 2011
  3. 3. LifeScience Alley is… The largest state-based trade association serving the life sciences in the U.S. Nearly 700 members, in industries employing over 300,000 people Improving the business environment for life science companies 3 © LifeScience Alley + The BioBusiness Alliance of Minnesota 2011
  4. 4. Locally Focused/Global Reach 700 Members 4 © LifeScience Alley + The BioBusiness Alliance of Minnesota 2011
  5. 5. Improving the Environment Through Connecting Advocating Cultivating Innovation Educating Special Projects Membership 5
  6. 6. LSA Today Mission: To establish and lead a strategic approach to improve the business environment for knowledge-based companies in the region. 6 © LifeScience Alley + The BioBusiness Alliance of Minnesota 2011
  7. 7. This is a big change for us. 7 © LifeScience Alley + The BioBusiness Alliance of Minnesota 2011
  8. 8. It is a necessary change •48,000 people work in the life sciences in Minnesota. •Highest per capita medical device concentration in the world. 8 © LifeScience Alley + The BioBusiness Alliance of Minnesota 2011
  9. 9. In medical device Anything, good or bad, is more good or bad for Minnesota than anywhere else in the world. 9 © LifeScience Alley + The BioBusiness Alliance of Minnesota 2011
  10. 10. Mission shifts to improving the operating environment for your companies. We want to set the stage for growth. 10 © LifeScience Alley + The BioBusiness Alliance of Minnesota 2011
  11. 11. Three Large Focuses 1. Improve access to capital. 2. Improve access to global markets, technology, talent. 3. Improve relationships among public, private and academic sector. 11 © LifeScience Alley + The BioBusiness Alliance of Minnesota 2011
  12. 12. Will focus on Third Problem Today Improve relationships among public, private and academic sector. - Most complex - Most Fundamental - Individual companies least able to impact 12 © LifeScience Alley + The BioBusiness Alliance of Minnesota 2011
  13. 13. A Problem Key constituencies for innovation eco-system are not aligned. Innovation Ecosystem is the interaction of public, private and academic sector actors. 13 © LifeScience Alley 2012
  14. 14. Innovation Eco-System “Utopia” Academia Private Sector Government
  15. 15. MN Innovation Eco-System 1980’s- early1990’s Academia Private Sector Government
  16. 16. MN Innovation Eco-System Late 90’s – 2000’s Academia Private Sector Government
  17. 17. MN Innovation Eco-System 2008 - 2010 Academia Private Sector Government
  18. 18. MN Innovation Eco-System 2013 Academia Private Sector Government
  19. 19. MN Innovation Eco-System Evolution Academia Academia Government Private Sector Private Sector Government
  20. 20. Our Approach to Improving: The Innovation Engine: A comprehensive approach to improving policy, relationships and culture among Minnesota’s public, private and academic sectors. 20
  21. 21. The Innovation Engine - Guided by strategic plan: Destination 2025 - Available on our website - 5+ years, multi-million dollar investment. - Long term project to reshape culture. 21
  22. 22. Practical Examples of our work 22
  23. 23. Tech Transfer Partner with Mayo Clinic and University of Minnesota on Tech Transfer reform. - Create industry dialogues to identify problems/solutions. - Angel Investor Credit and refundable R&D Credit to ease early stage capital access. 23
  24. 24. Relationship building • Dialogue with academic and private sector researchers to build common ground. • Training program to ease transition of people from academic research to industry. • Joint Fellowship with University of MN: MDC • Joint MBA degree with the U of St. Thomas • Bring knowledge of market need to interested researchers to inform (not direct) decisions. 24
  25. 25. Product Approval Process Partnership with FDA on regulatory science: MDIC - Improving underlying science in product submission and approval - Safe haven for industry/FDA to interact outside of submission process. 25
  26. 26. Our Industry has many Challenges LifeScience Alley desires a systematic approach to remove them. - Give us feedback. - Be involved. - Be patient. 26
  27. 27. Thank you dwahlstrom@lifesciencealley.org www.lifesciencealley.org Director of Membership Services Frank Jaskulke fjaskulke@lifesciencealley.org

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