'Bioconvergence' seen as benefiting area.Chris Engle will speak at the Annual Meeting of the Economic Development Collaborative-Ventura County on Jan. 19 to explain how national economic trends are manifesting themselves locally. Engle, vice president and senior analyst for AngelouEconomics in Austin, Texas, said he sees the region poised to make a big impact in what he calls "bioconvergence." "The lines are increasingly blurred blur v. blurred, blur·ring, blurs v.tr. 1. To make indistinct and hazy in outline or appearance; obscure. 2. To smear or stain; smudge. 3. between how biotech bi·o·tech n. Informal Biotechnology. biotech Noun short for biotechnology Noun 1. products are developed with information technology and computer systems," said Engle. "Bioinformatics is a very big industry; people are essentially designing drugs on the computer." The continued growth of the country's senior population, he said, will translate into more business for all types. "This connects to Amgen's work and some of the other health care sectors in Ventura County," said Engle. "Certainly the aging population in Ventura County is going to need the latest health care service and products." The medical demands of that population segment, Engle said, will continue to drive growth in the county's technology businesses. While Amgen has managed to nurture NURTURE. The act of taking care of children and educating them: the right to the nurture of children generally belongs to the father till the child shall arrive at the age of fourteen years, and not longer. Till then, he is guardian by nurture. Co. Litt. 38 b. a hugely successful firm in Thousand Oaks Thousand Oaks, residential city (1990 pop. 104,352), Ventura co., S Calif., in a farm area; inc. 1964. Avocados, citrus, vegetables, strawberries, and nursery products are grown. , Engle said that the spin-off The situation that arises when a parent corporation organizes a subsidiary corporation, to which it transfers a portion of its assets in exchange for all of the subsidiary's capital stock, which is subsequently transferred to the parent corporation's shareholders. businesses that usually come from larger biotechnology businesses may not be prevalent in Ventura County because of the lack of major research universities nearby. Additionally, venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] have remained cautious about investing in brandnew companies, preferring to finance those looking to expand or purchase another business. |
|
||||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion