ASU's Biodesign Institute plays key role in bioscience effort (Part I)

ASU's Biodesign Institute plays key role in bioscience effort (Part I)

May 1, 2014

May 1, 2014

Just a little over a decade ago, the state of Arizona made a major push to diversify its economy with an investment in the biosciences. Now, according to the latest Flinn Foundation report, bioscience is a $36 billion boon industry in Arizona.

Flinn’s report, ‘The Arizona Bioscience Roadmap: 2014-2025,’ revised a bioscience strategy established in 2002 and funded in part by $50 million from the Phoenix-based non-profit foundation.

Also, in a recent article from Arizona Republic reporter Peter Corbett, the research infrastructure push that made possible ASU’s Biodesign Institute was featured as one of Arizona’s 10 smartest bioscience investments.

What has been the Biodesign’s return-on-investment to date? This infographic summarizes where we’ve been:

Return on Investment 

Since its inception, Biodesign has now attracted more than $400 million in extramural funding from competitive grant awards as well as support from philanthropic and industry sources. 

·      Innovation Engine In FY2013, Biodesign researchers received $58 million in external funding for research activities. Recently, the institute won Arizona’s Excellence in Economic Development award for its innovative contributions to the state’s economic growth. 

·      Tech Transfer Working with ASU’s IP and technology transfer arm, Arizona Technology Enterprises (AzTE), Biodesign Institute scientists have disclosed more than 500 inventions since inception, resulting in more than 200 U.S. and international patent filings, 36 patents issued, and a dozen start-up ventures. 

·      Workforce development Biodesign’s contributions to the State’s workforce development include annual employment and training of more than 50 postdoctoral researchers and 300 undergraduate and graduate students who will go on to matriculate and enter the workforce. 

·      STEM careers Biodesign has also provided hands-on research experiences for undergraduates, high school students and high school teachers to advance Arizona’s STEM education.

·      Big team science To advance its research mission, the Biodesign Institute has established 13 research centers and now has more than 200 research projects underway.

·      Top talent Its 65 tenured research faculty, one Nobel Laureate and four National Academy members among them, publish in top-tier, high impact scientific journals and collaborate with research, clinical and commercial enterprises around the world.

In part II of this three-part series, we’ll next explore in greater detail how ASU has leveraged Arizona’s investment in building our world-class, 21st century Biodesign Institute…..

 

Written by: Joe Caspermeyer