The Cross-Border Biotech Blog

Biotechnology, Health and Business in Canada, the United States and Worldwide

Tag Archives: industrial biotechnology

BIO World Congress on Industrial Biotechnology & Bioprocessing

This year’s World Congress on Industrial Biotechnology starts today in Toronto.

A report from The Milken Institute released into the lead-up before the conference includes some interesting data:

  • Industrial biotechnology received $1.48 billion in venture investment from 2004 to 2009, compared to $1.99 billion for biofuels and $17.48 billion for therapeutic biotech plays.
  • Up to 78% of industrial biotech ventures cite “operational income” as a funding source — an impressive number of revenue-generating companies.
  • Some notable joint ventures include Metabolix joining with Archer Daniels Midland to form Telles, a plastic biorefinery; Cargill and Dow partnering on Natureworks; and DuPont’s pending offer for Danisco.

My colleague Lucas Thacker and I will be providing coverage of the conference over the next few days, so stay tuned for posts and for tweets @crossborderbio or under #WCIBB and let us know if you’re at the conference…

The Economist on White Biotechnology (aka Green Chemistry, Industrial Biotechnology)

800px-Sugarcane_harvesting_equipmentA good piece in The Economist sums up the science and policy of industrial biotechnology.  Among other kernels of information (har), they cite a McKinsey consultant for the proposition that “[s]ales of industrial-biotechnology products were about $140 billion in 2007, and 6% of all chemicals sales were generated with the help of biotechnology.”

Interested? Montréal is hosting the 6th annual World Congress on Industrial Biotechnology & Bioprocessing on July 19-22, and is expecting over 1,000 participants.  Canada has world-class resources to compete in the field: plenty of arable and marginal land, and plenty of Ag-Bio know-how and innovation.

Follow

Get every new post delivered to your Inbox.

Join 131 other followers