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An Assessment for Approaching the Development of the East Baltimore Life Sciences and Technology Park and Addressing Broader Regional Biosciences Development

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An Assessment for Approaching the Development of the East Baltimore Life Sciences and Technology Park and Addressing Broader Regional Biosciences Development FINAL REPORT TARGETING GROWTH OPPORTUNITIES AROUND BALTIMORE’S BIOSCIENCE RESEARCH ANCHORS AN ASSESSMENT FOR APPROACHING THE DEVELOPMENT OF THE EAST BALTIMORE LIFE SCIENCES AND TECHNOLOGY PARK AND ADDRESSING BROADER REGIONAL BIOSCIENCES DEVELOPMENT PREPARED FOR: East Baltimore Development Incorporated in collaboration with Maryland Department of Business and Economic Development, Maryland Technology Development Corporation, Greater Baltimore Committee and Baltimore Development Corporation PREPARED BY: Technology Partnership Practice Battelle Memorial Institute January 2004 © 2004 Battelle Memorial Institute © 2004 Battelle Memorial Institute (Battelle) does not endorse or recommend particular companies, products, services, technologies nor does it endorse or recommend financial investments and/or the purchase or sale of securities. Battelle makes no warranty or guarantee, express or implied, including without limitation, warranties of fitness for a particular purpose or merchantability, for any report, service, data or other information provided herein. Targeting Growth Opportunities around Baltimore’s Bioscience Research Anchors AN ASSESSMENT FOR APPROACHING THE DEVELOPMENT OF THE EAST BALTIMORE LIFE SCIENCES AND TECHNOLOGY PARK AND ADDRESSING BROADER REGIONAL BIOSCIENCES DEVELOPMENT Prepared for: East Baltimore Development Incorporated In collaboration with Maryland Department of Business and Economic Development, Maryland Technology Development Corporation, Greater Baltimore Committee and Baltimore Development Corporation Prepared by: Technology Partnership Practice Battelle Memorial Institute January 2004 Final Report Table of Contents Executive Summary.......................................................................................................... 1 Vision of Success............................................................................................................ 1 Situational Analysis ........................................................................................................ 2 Target Growth Approaches............................................................................................. 3 Staging the Development of the East Baltimore Life Sciences and Technology Park................................................................................ 6 Conclusion ......................................................................................................................8 I. Introduction ................................................................................................................... 9 The Opportunity and Challenge of Biosciences Development in the Baltimore Region ...................................................... 9 Advancing New Bioscience-Focused Research Parks as Anchors for Future Bioscience Development .......................................................... 10 Approach to Assessing Baltimore’s Position and Targeted Growth Opportunities for Biosciences Development.................................... 12 II. Position of Baltimore’s Bioscience Base .................................................................. 14 Highlights of Baltimore’s Position in Bioscience Research......................................... 16 Highlights of Baltimore’s Bioscience Industry Base.................................................... 20 Key Findings on Baltimore’s Position on Commercial Innovation Activity in the Biosciences......................................................................... 23 Key Findings on Baltimore’s Position in Bioscience Talent Generation and Workforce Development.......................................................... 25 Summary of Baltimore’s Bioscience Position: A Strengths, Weakness, Opportunities and Threats Analysis ...................................... 27 III. Benchmarking Analysis of Research Park Developments ................................... 31 Purpose of Benchmarking Practices ............................................................................. 31 How the Benchmarks Were Selected............................................................................ 31 Lessons Learned ........................................................................................................... 36 IV. Approach to Pursuing Biosciences Development Linking East Baltimore and the Broader Baltimore Region ...................................... 47 Vision of Success.......................................................................................................... 47 Target Growth Approaches........................................................................................... 48 Conceptual Plan for Developing the East Baltimore Life Sciences and Technology Park.............................................................................. 57 Summary....................................................................................................................... 67 Appendix A: Benchmarking Case Study Write-Ups................................................. A-1 Executive Summary Assessing the approach to developing East Baltimore’s Life Sciences and Technology Park has brought together the East Baltimore Development, Inc. (EDBI), in collaboration with Maryland’s Department of Business and Economic Development (DBED), the Maryland Technology Economic Development Corporation Project Methodology (TEDCO), the Greater Baltimore Committee and the Baltimore The project methodology includes a comprehensive Development Corporation. These and integrated set of analyses, including: organizations recognize that going from • Competitive benchmarking analysis that involves analysis of Baltimore position across measures of the ideal of a research park anchor to industry, innovation, workforce and research activity. tailoring a specific approach for the • Best practices benchmarking examining the Baltimore region requires a better experience of leading regions in research park understanding of how the region’s development, particularly focused on insights into the strengths and capabilities in the pace of development, key design features, role of biosciences can best be translated into incubation and new venture development, and targets of opportunity for bioscience specific mechanism supporting their success. economic development. • Research core competency analysis to explore areas of research focus based on publications and So, this analysis, while focused on grant activities and extensive interviewing at the identifying specific targeted growth academic health centers. opportunities for the East Baltimore Life • Target opportunity identification based on the Sciences and Technology Park, also tangible and specific possibilities for near-term development that represent the intersection of speaks to the broader positioning of research and industry activities. biosciences development in the Baltimore • Assessment of key support mechanisms and region and other key anchor projects being activities needed to translate bioscience growth developed. opportunities into realized development. A steering group of industry, academic and community stakeholders was organized by East Baltimore Development, Inc. to guide the analysis and project results. This steering group came together to guide and review the analysis performed by the Battelle Technology Partnership Practice, which was engaged to develop an analysis of the region’s position in biosciences development and identify targets of opportunity for future development. VISION OF SUCCESS The vision of success starts with the understanding that regions compete with other regions, and the development of locations within regions promote strength and development momentum that is complementary and contributes to growth across the region. With this in mind, it is critical for East Baltimore’s bioscience development that it be linked to a broader regional focus, while at the same time pursue specific targets of opportunity for its 1 development, leveraging the strengths of Johns Hopkins University (JHU) medical complex and building partnerships with other research drivers. Region-wide Vision: The Baltimore region will establish one of the world’s premiere biomedical districts linking together its world-class hospitals and medical schools, with a robust commercial bioscience research and diagnostic services cluster to create a high value-added environment for fostering new bioscience ventures and attracting leading biotechnology, medical device and pharmaceutical companies to the Baltimore region. East Baltimore Vision: East Baltimore’s Biotech Research Park will be a key anchor and driver for the region’s growing bioscience industry cluster by: • Serving as a hub for the region’s commercial research services cluster • Offering an entry point into JHU from advancing broader relationships with bioscience industry to enhancing the ability to generate new bioscience ventures • Enabling emerging bioscience companies and initial operations of existing bioscience companies to gain a foothold in the region • Providing educational and training facilities with a strong outreach to minority community and existing workers seeking careers in the biosciences and upgraded skills • Addressing, in partnership with the community, ways to improve public health in the East Baltimore area SITUATIONAL ANALYSIS The Baltimore region is at an important crossroads in the development of its biosciences cluster. On one hand, biosciences are a key asset for the Baltimore region. The region is among the national leaders in
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