The Los Angeles County region’s extensive bioscience R&D, talent development, and numerous premier institutions and businesses are having global impact in many fields of biosciences including life science. With County and City of L.A. initiatives kicking-off to foster growth of the biosciences industry cluster, there is a lot to learn about the rapidly expanding opportunity in our region.
LAEDC Supports Success of this Industry
As part of our non-profit economic development mission, LAEDC is fostering success and growth of the biosciences industry cluster in the L.A. County region. Our collaborative approach helps leverage and coordinate our many regional resources to develop the L.A. region’s potential as a premier bioscience capital. This will result in additional economic opportunity, job creation and future economic development of the region. Through our work on the L.A. County Biosciences Implementation Plan, as directed by the County Board of Supervisors and County CDC, LAEDC has brought together a team of organizations to focus on building capacity in the industry, growing businesses and job opportunity in the region. Learn more about the value of engaging with LAEDC in the menu below.
The Board of Supervisors of L.A. County, the County CEO’s office, and County CDC have committed to investment in the biosciences industry cluster of our region, in a comprehensive initiative that is at its early stages. LAEDC has developed the Implementation Plan for this initiative, and is centrally coordinating a diverse group of organizations with knowledge and expertise in regional bioscience industry cluster capacity-building, including, BioCom, BioAccel, Keck Graduate Institute, CommonWeal, Collaborative Economics and others. The research, recommendations, and action items contained in the Implementation Plan is to be reviewed by County officials during 2016-2017, setting the stage for significant action and progress in the coming months.
Throughout this process, LAEDC will continue to facilitate the infrastructure and relationships that are essential to growth of the industry cluster, with the goal of creating greater economic opportunity for residents of L.A. County and Southern California.
LAEDC is engaged in a first-of-its kind research study of the biosciences industry cluster in the L.A. County region, as part of the work developing the Biosciences Implementation Plan for County of L.A. The study includes an inventory of firms, workforce, R&D assets, IP, serial entrepreneurs, financing, relationship networks, heat-maps showing geographic concentrations of activity, other real-estate information, and more. The study also evaluates opportunities and gaps in the biosciences ecosystem in the region. More information about these findings will become available in the near future.
- Battelle Report – Feasibility Assessment and Master Plan for Advancing the Bioscience Industry Cluster in Los Angeles County
LAEDC’s Business Assistance Program has a targeted effort to assist companies involved in biosciences to locate, expand and stay in Los Angeles County. There is no cost for this program, and our strategic consultants help firms overcome challenges at their sites, including expediting permits, solving cost containment issues, accessing employee training programs, solving site location challenges, and developing strategies to avoid layoffs and improve overall operations. Our consultants routinely bring together the right people around the table to overcome challenges, including city and county officials, utilities, workforce development organizations, insurance cost experts, and more. Contact our Business Assistance Team at the LAEDC for more information on what we can do to help your business thrive in LA County. These confidential consultations are provided at no cost, as part of our public-benefit mission.
LAEDC helps policymakers craft legislation and supports legislation when possible, to create a stronger foundation for growth of this industry and its jobs. To learn more or bring a public policy issue to LAEDC’s attention, please contact Tamara Perry at LAEDC.
LAEDC is currently developing marketing and promotion plans to help accelerate growth of the regional biosciences industry cluster, as part of the Biosciences Industry Cluster Implementation Plan that LAEDC is developing for County of Los Angeles. More information will be available soon.
Los Angeles has the best exporting infrastructure and network of logistics resources in the USA, whether exporting internationally, or to neighboring states. Develop your firm’s exporting opportunities by leveraging key resources at LAEDC. Our affiliate World Trade Center Los Angeles provides export assistance and organizes trade missions to open new markets. Co-located at LAEDC’s offices is the U.S. Commercial Service, which also provides export assistance for biosciences/lifesciences companies. Additionally, LAEDC’s Business Assistance Program offers strategic consulting at no charge and is often the best place to start your inquiry. LAEDC can also identify additional resources for you.
Learn more and become involved with LAEDC’s work of building capacity in this key industry cluster of Southern California.
Contact Tamara Perry, Director of Industry Cluster Development HERE
More About Biosciences, Biopharma, Medical Devices in L.A.
- L.A. County is home to many establishments in the biosciences industry cluster, with tens of thousands of skilled workers and world-class researchers at several of the top research universities in the world.
- L.A. County is home to some of the nation’s finest research and teaching hospitals including the UCLA Medical Center, USC’s Keck School of Medicine, Keck Graduate Institute, the City of Hope, Cedars-Sinai Hospital, Rancho Los Amigos National Rehabilitation Center, the Doheny and Stein Eye Institutes and a number of other specialized research facilities, such as the Los Angeles Biomedical Research Institute. Our world-leading research universities are hard at work on new technologies, cures, and solutions to global challenges, as well as developing the next generation of scientists and entrepreneurs. For example, Caltech, rated the #1 research university in the world for several years running, is doing substantial work in the many areas of bioscience, and it’s scientists, researchers, students and technology transfer office are working on implantable drug pumps, artificial retinas, 3D dental imaging, cures for HIV, and many other technologies including sensor arrays to deliver muscle commands to robotic limbs. Additional research universities USC, UCLA and other regional universities including the Cal State system are also conducting substantial R&D, creating Intellectual Property (IP), which contributes to commercialization potential for businesses in the region. These are just a few examples of the local innovation in L.A. County that is driving the startup and spinoff of companies and delivering a workforce capable of helping these companies succeed.
- Supporting their efforts are a number of organizations in L.A. County like the Southern California Biomedical Council, the Pasadena BioScience Coallaborative, LAB Launch, and more.
- Biomed parks can be found at L.A. Biomed in Torrance, Cal State Northridge, West Los Angeles, and clusters of medical research firms in Santa Clarita and Pasadena.
This partnership between the state, the University of California, and other public and private entities will help build the infrastructure and assemble the resources necessary to advance precision medicine-oriented data, tools and applications.
The initiative supports patient-focused demonstration projects and is assembling an inventory of California’s precision medicine assets, enabling the state’s scientists, clinicians and entrepreneurs to turn available large data sets and technical innovation into better health outcomes and informing strategic areas for the future development of precision medicine-related projects.
Precision medicine is likely to transform the way healthcare is delivered, and Los Angeles is well positioned to create jobs as research and commercialization increase in our region. Please talk to Camille Stephens at LAEDC to express interest in levering CIAPM to help grow the industry in L.A. County.
Also, learn more about CIAPM at this link: http://www.ciapm.org/