BayBio Top 10 in 2010
Top 10 lists often tell a story of success, failure, discovery and disappointment. Our 2010 BayBio Top 10 is a reflection of the achievements of the organization and how we helped to support Northern California’s life science companies. We wish you the best in 2011.
- Bioscience membership eclipses 200 companies for the first time in the organization’s history, and accounts for more than 50 percent of BayBio’s membership. 12 new partners become involved with BayBio, more than a 50 percent increase.
- BayBio launches its first in class web-based platform,Bio-Community.org, to connect scientists with students and teachers in under-resourced classrooms. By harnessing the experience and passion of life science professionals, Bio-Community.org facilitates meaningful collaborations that profoundly impact science, technology, engineering and math education in the region. The portal connects professionals for remote and in-person volunteer activities.
- BayBio hosts 2499 attendees at 19 events throughout the year. The Medical Device Series, the Therapeutic Series and the VC Spotlight Series are combined to a single venue at the South San Francisco Conference Center. The shift in format allows for improved programming and increases networking opportunities at each monthly event. In addition, the BayBio2010 Annual Conference moved to a larger venue after several years of increasing attendance. More than 700 attendees participated in educational seminars, partnering forum, company presentations and networking.
- BayBio’s advocacy efforts on a state front are very successful. BayBio plays a pivotal leadership role in opposing Propositions 23 and 24, which are defeated in the November election. All onerous and potentially damaging legislative measures were defeated in the 2010 regular CA general session. BayBio also supported seven local ballot measures to improve science classroom facilities, all of which successfully passed.
- After successfully advocating for the $1 Billion Qualified Therapeutic Discovery Tax Credit, BayBio hosts a series of webinars and a full day of workshops for members with tax professionals. BayBio members qualify for $53 million.
- The City of San Francisco extends the Biotechnology Payroll Tax Exemption. Passed by the Board of Supervisors in March, the exemption allows the City of San Francisco to compete with other communities for life science companies. Since implementing the exemption five years ago, The City has expanded its biotech presence from three to 76 companies. Qualified companies do not have to pay The City’s payroll tax.
- The 2010 Pantheon Ceremony recognizes two products of the year, a first for the organization. It also marks the significance of the maturation of the industry in Northern California. Amgen’s Prolia ‚Ñ¢ and Abbott’s MitraClip ‚Ñ¢ receive the awards.
- BayBio launches a new website with better functionality and exciting new features that make it easier to find and register for events, advocate for state legislation, receive industry news and identify trends.
- BayBio and BIOCOM, in collaboration with Radford consulting, conduct the first statewide Industrial Biotech Workforce Hiring Trends Survey. The sector grew 19 percent between 2009 and 2010, and approximately 50 percent (or about 8 percent annually) over the last 5 years. At least half of the surveyed companies intend to build pilot production facilities, commercial production and product distribution and logistics outside California, citing the cost of doing business, the regulatory environment, and incentives from other states.
- BayBio and Gilead air the first televised vignettes on CBS helping to raise public awareness about the contributions of the life science industry.