 The
Knowledge Economy brings with it incredible advances in medical care and
high technology. Tempe is poised to be a national leader in these fields.
The bioscience sector builds upon Tempe’s strengths in electronics, optics
and advanced manufacturing. About 300 technology-based firms call Tempe
home, making Tempe proportionally, the largest cluster in Arizona.
Bioscience companies locating in Tempe can take advantage of a circle of
supporting companies and researchers already in the area. They can utilize
the talent of Arizona State University’s graduates and researchers as well
as the manufacturing skills that Tempe businesses offer.
Technopolis guides young companies and researchers with
innovative ideas through the process of finding research and grant money and
venture capital funds while teaching them how to build a solid company
business.
With the discoveries coming from the Biodesign Institute at Arizona State
University as well as the amazing research made at the Ira A. Fulton
School of Engineering, Tempe is becoming the hub of major medical research
and biotechnology advancement.
The Flinn Foundation is coordinating research to determine how Arizona can
best serve the biotechnology community through studies by the Battelle
Memorial Institute. These studies will lead to a clear path for the state to
follow to make it even easier for biotechnology companies to operate in
Arizona and Tempe.
Biotechnology is one of the fastest growing markets in America because of
the country’s aging population and advances in technology. In 1950,
Americans spent only 4 percent of the Gross National Product on healthcare.
Today, the nation spends 13 percent. Within the next 30 years, that number
is expected to rise to 25 percent.
Through these efforts, some of the world's most important
medical breakthroughs could come from Tempe.
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