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Session Summary by Chelsea Rao, Julie Chan, Lenzie Harcum, & Kristy Sundjaja
Center for Economic Transformation
New York City’s bioscience enterprises, academic medical centers, non-profit research institutions and healthcare technology companies—also known as “Eds & Meds”—represent a significant asset base from which to develop a broader bioscience cluster. On October 19th, we held the latest in our series of NYC workshops with senior leaders from the life sciences and healthcare sector as part of our Bio (Eds & Meds) NYC 2020 study. Building on a series of interviews, roundtables and workshops launched in May 2011, we proposed initiatives to increase NYC’s competitiveness in the Eds & Meds sector. We were fortunate to have over 20 participants from NYC’s academic medical centers, venture capital firms, and bio/health companies, including Marc Tessier-Lavigne (President, Rockefeller University), Mikael Dolsten (President, Pfizer), Steven M. Paul (Venture Partner, Third Rock Ventures and Weill Cornell Medical College) and Todd T. Pietri (Co-Founder, General Partner, Milestone Venture Partners).
The feedback that we received is critical in learning how the city can best support the Eds & Meds sector:
We thank Rockefeller University for hosting the event and Oliver Wyman for their assistance on this project as our knowledge partner. NYCEDC is dedicated to improving the economy of NYC and we remain committed to the Eds & Meds sector as important growth opportunity. In the coming months, we will build on what we learned from this session to further develop and refine initiatives to support the NYC Eds & Meds cluster.
We Welcome Your Feedback:
What are the major challenges and opportunities that you see in NYC’s life science and healthcare sectors? What are your thoughts on City-led initiatives that can strengthen the industry and its stakeholders? Add your voice to the conversation and post your comments below.