KY Technologies Displayed at BIO 2006 International Convention
A high-tech headset used for early detection of neurological disorders and a method of repairing severed nerves using adult stem cells taken from a patient's own nose are just two of the promising new technologies developed in Kentucky that were displayed in Chicago last month at the 14th Annual BIO 2006 International Convention. BIO 2006 is the world's largest biotechnology industry event. More than 18,000 biotech executives, investors, journalists, policymakers and scientists from more than 60 nations were in attendence.
“Our vision of Kentucky as a high-tech leader is becoming a reality. Bold new entrepreneurs and established global leaders are succeeding in their chosen areas of biotechnology and are doing so in Kentucky."
- Gov. Ernie Fletcher
Kentucky’s activities at BIO 2006 supported the recommendations of the Kentucky Bioscience and Life Science Consortium, which were announced by Gov. Ernie Fletcher last year. The governor, a strong supporter of Kentucky’s biotech industry, participated in this year’s event by hosting a Kentucky reception for biotech companies and organizations from around the world.
“Our vision of Kentucky as a high-tech leader is becoming a reality,” said Gov. Fletcher. “Bold new entrepreneurs and established global leaders are succeeding in their chosen areas of biotechnology and are doing so in Kentucky. BIO 2006 is the perfect venue to market Kentucky’s resources and opportunities for bioscience and biotechnology companies to the more than 18,000 attendees, including heads of state, congressional leaders, scientists, entrepreneurs and executives of biotechnology and pharmaceutical companies.”
A total of 11 Kentucky biotechnology companies, the University of Kentucky, University of Louisville and Western Kentucky University, as well as several local economic development organizations, joined the Kentucky Cabinet for Economic Development (KED) to showcase the commonwealth's extensive capabilities and opportunities in bio and life science.
“Biotech is flourishing in Kentucky and at BIO 2006 we’re going to show the world that we are a major player in the global biotech industry,” said Gene Strong, secretary of KED.
The state's goals at BIO 2006 included attracting venture capital investments, life science and biotechnology businesses and researchers and entrepreneurs to Kentucky. The Kentucky Pavilion had more than three times the working space of last year's booth, which provided more room for discussions and business meetings with attendees.
The Kentucky Cabinet for Economic Development invited seven Kentucky startup biotech firms to attend. Together with biotech giants Amgen, Alltech, Martek Biosciences and Genus/PIC, the startups helped to staff the state's tradeshow booth and spread the word about the benefits of doing business in Kentucky.
The seven startup companies represented at the Kentucky Pavilion were Neuronetrix, RhinoCyte, Potentia Pharmaceuticals, OrthoData Technologies, Allylix, Novera Pharmaceuticals and ParaTechs.
For more information regarding the convention, visit the BIO 2006 Web site at www.bio.org.