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Israeli Bioscience Invades Northeast Ohio
January 22, 2003 @ 7:35 AM and again at 9:20 AM
on 90.3
Northeast
Ohio's next great economic engine may be Bioscience. Northeast Ohio
business owners, politicians and academics are meeting with 15 biotech
companies from Israel this week. The goal of the Bioscience Israel
conference is to show Israeli biotech companies why Northeast Ohio
is the ideal location to expand their businesses. Last year, ideastream's
Shula Neuman reported on the initial efforts to lure Israeli firms,
when a regional contingent traveled to Israel. As part of Making
Change: Reinventing our Economy, Shula reports on whether
both the Israelis and the natives are finding the visit to Cleveland
worthwhile.

The Israeli firms
are in Cleveland this week, schmoozing with bioscience locals and
potential investors to give Northeast Ohio a chance to prove itself
the ideal spot to establish some kind of business presence.
To the conference
And according to several Israeli representatives, this region is definitely
showing its best side. With more than 200 locals in attendance at
yesterday’s lunch, Irene Jaffe with a pharmaceutical company called
Solubest says that enthusiasm is the most impressive part of the conference.
IRENE JAFFE: Cleveland has a very prestigious
with world renown R and D, and the Cleveland Clinic without a doubt
is, yes, that adds to the picture. But if you ask me if that is
the only reason--definitely not. I think it’s the whole package
and I’m sure we’re not alone in that.
In fact, she says no other region in the country seems so eager to
attract bio-science. Jaffe’s compatriot, Shamir Israel Lebovitz with
Bioterm Pharmaceutical says bigger cities just aren’t interested in
newer firms like his.
SHAMIR ISRAEL LEBOVITZ: So I believe
we can have a nice startup and a nice future in this area because
some other areas like Boston or San Francisco they want a company
almost in the stock exchange so it’s not a big deal.
Maybe it’s not a big-deal stock exchange company yet, but Cleveland’s
benefits to Israeli firms, with their technology-rich, market-poor
geography are obvious. That’s why Howard Guddell with the Ohio-Israel
Chamber of Commerce considers his role to be a technology matchmaker
of sorts. Last fall, Guddell expressed high hopes for this conference.
HOWARD GUDDELL: So we believe if we’re
successful, and we don’t have any reason to think we won’t be, we
believe that this could be the beginning of Cleveland’s renaissance
as a technology venue starting in Bioscience by attracting the first
wave of international companies from Israel to be followed by other
technology companies elsewhere in the world based on the model that
we’re producing.
Evidently, the groups past efforts have others convinced of the event’s
potential. At this point, The World Trade Center, NASA-Glenn, Bioenterprise,
local universities, several cities and even the governor of Ohio are
supporting the gathering. It has to be a group effort, says Tim Mueller
Chief Development Officer with the city of Cleveland, even though
no one really knows what the payoff will be.
TIM MUELLER A lot of it is betting.
But the fact of the matter is, if we look at the history of Cleveland
over the last 50 years, we haven’t made a lot of bets by going after
newer industries. We’ve kind of really rested on laurels of the
turn of the century and the first half of 1900s… that’s why we are
in this shape today.
Not that bioscience is the only way to go. Meuller emphasizes that
there are other industries in Northeast Ohio—such as IT, fuel cells,
liquid crystals or advanced manufacturing—that could also draw companies
from around the world to create even bigger clusters here. And larger
clusters would sit well with Dr. Jeff Green. The President and CEO
of Cleveland-based Datatrak International is meeting with four Israeli
firms during the conference. Green says he welcomes the business opportunity,
but he adds that it’s frustrating to see so much effort put into bolstering
the region’s bio-tech on the international front when the firms already
based in Northeast Ohio are frequently overlooked.
JEFF GREEN: There’s a lot of biotech
going on here that doesn’t always hit the appropriate press. We’ve
been doing this since 1998 and there are people locally still who
don’t know we exist even though we are a publicly trade company…needs
to be more promulgation of what’s going on here in our own back
yard.
Still, everyone involved in the Bioscience Israel conference seems
optimistic that this mission is fulfilling it’s objective. Even if
no Israeli firm actually decides to co-locate here right away, the
business connections are starting and awareness of Northeast Ohio’s
bio-advantages has increased—and THOSE are the first steps on the
long road to building up a strong bioscience industry in Northeast
Ohio. In clvd, sn, 90.3
Resources:
- World Trade Center Cleveland
Contains more information about the Bioscience Israel Conference.
- Bioenterprise's
The Cleveland area firm that is fostering and encouraging the
development of bioscience companies in the region.
- Ohio Israel Chamber of Commerce
The organization that started the work of attracting foreign firms
to Northeast Ohio with a mission to Israel in 2002.
- Policy Matters Ohio
A group that examines economic policy in Ohio and its impact on
the region's social issues. There is a report on this web site
about Biotechnology. The report examines the wisdom of investing
in such a slow-growth industry.
- The Center for Regional Economic Issues
Contains numerous reports on why bioscience is one of this region's
strong suits and argues for developing that industry even further.
- Nortech
Cleveland organization that promotes entrepreneurially-based,
globally competitive technology development and commercialization
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