Magazine Article | March 8, 2017

Building A Biotech Hub – Austin Style

Source: Life Science Leader

Camille Mojica Rey, Contributing Writer

Austin, TX, prides itself on being called the Live Music Capital of the World. In recent years, it has also been aspiring to live up to the title of Silicon Hills. When it comes to high-tech, the name fits. Its high-tech industry is anchored by the likes of Dell, IBM, and AMD. In recent years, a growing number of high-tech startups and satellite offices of Silicon Valley favorites — such as Apple, Google, and Facebook — have also come to call Austin home.

Now, there is a serious push to make Texas the “Third Coast” of biotech and Austin, in particular, a new hub for the industry. “It took the Boston/Cambridge area 40 years of focused community building and economic redevelopment to become the biotech hub it is today, and that’s what it’s going to take for us,” says Cindy WalkerPeach, Ph.D., director of health/biosciences at the Austin Technology Incubator (ATI). “Austin and Central Texas are probably 20 years into that process.”