By Jake Reder
Innovation is the application of invention. Invention — especially biotech invention — flows from research. This is why, at the center of every biotech innovation ecosystem, you’ll find a university.
Research and researchers are two of the most important ingredients in the ecosystem. Access to facilities (e.g., core equipment, vivaria) is helpful. Engaged alums, a strong brand, and increasingly, access to seed capital and entrepreneurial guidance are additional benefits of many research universities. Sophisticated capital and business leadership can then transform inventions into innovation.