PharmaTelevision - IEDC: Indiana: A Bioscience Centre of Excellence

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Video title: IEDC: Indiana: A Bioscience Centre of Excellence

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In this interview, which took place in Brisbane at AusBiotech 2007, Fintan Walton talks to Stephen Patillo and David Boncosky who are both Directors at Indiana Economic Development Corporation (IEDC). Stephen and David talk about how IEDC helps companies to establish themselves in the US state of Indiana, and how Stephen runs the overseas office for Australia and New Zealand. They discuss the types of companies typically assisted and highlight Portland Orthopaedics as a good example of one of their clients. The benefits of having operations in Indiana are discussed, including the region’s ‘vibrant biosciences ecosystem’.

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The types of companies The Indiana Economic Development Corporation is attracting to Indiana

Fintan Walton:

Hello and welcome to PharmaVentures Business Review here in Brisbane, in Australia. On this show I have Stephen Patillo and David Boncoskyboth from the Indiana Economic Development Corporation, welcome to the show.

Stephen Patillo:

Thank you.

Fintan Walton:

On this show what I want to cover is the roles of both of you in the Economic Development Corporation of Indiana and specifically for you Stephen what is a US guy working for the Indiana Economic Development Corporation doing here in Australia?

Stephen Patillo:

Well I run an overseas office for the Indiana Economic Development Corporation. I cover Australia and New Zealand. I've been here for five-years prior to that I was on the Indiana Office in Singapore covering South East Asia for about four-years and my job is to find leads to find companies who are heading to North America and in this conference life sciences companies and medical device companies which is why David has joined me who will work with us to find a way for them to find a home in Indiana for their North American headquarters and then manufacturing. So we go out and find the leads and develop relationships at the highest levels, the CEO's of all the companies that you and I know well and try to find a way for them to go to Indiana instead of a neighboring state or one of the states in the coast.

Fintan Walton:

There are a lot of companies as you know emerging here in Australia what type of companies are you actually attracting because there are very early stage companies and the companies that are maturing, give me some examples of the types of companies you've managed to attract to go to Indiana?

Full video transcripts are available with PharmaTelevision Premium Content. Click here to buy a subscription or sign up for a 14 day free trial.

Fintan Walton

Dr Walton is the Founder and CEO of PharmaTelevision. After completing his doctoral research on the genetics of cell proliferation at the University of Michigan (US) and Trinity College (Dublin, Ireland), Dr Walton gained broad commercial experience in biotechnology in management positions at Bass and Celltech plc (1982-1992).

Stephen Patillo

Director at Indiana Economic Development Corporation

Stephen Patillo has run the IEDC overseas office in Sydney, Australia for the past five years. Before that, he spent four years as director of the Singapore-based overseas office of the US-ASEAN Business Council. He gained a BA in Economics from Duke University and carried out additional study on the Pacific Rim at the University of New South Wales.

David Boncosky

Director at Indiana Economic Development Corporation

David Boncosky has been Director of Life Sciences at IEDC since August 2007. Before that, he was a senior development manager for Duke Realty Corporation and a managing member of Georgetown at the Crossing. He gained an MBA from Butler University and a BA in Economics and Japanese from Indiana University.

PharmaVentures

PharmaVentures is a corporate finance and transactions advisory firm that has served hundreds of clients worldwide in relation to their strategic deal making in the pharmaceutical, life science and healthcare sectors. Our key offerings include: Transactions / deal negotiations; Product / technology valuations; Deal term advice; Due diligence & expert reports; Strategy formulation; Alliance management; and Expert opinion for litigation/arbitration cases. PharmaVentures provides the global expertise to ensure our clients generate the highest possible return on investment from all their deal making activities. We have experience of all therapeutic areas and can offer advice on both product and technology commercialization.

Indiana Economic Development Corporation

The Indiana Economic Development Corporation (IEDC) is the State of Indiana's lead economic development agency. The IEDC was officially established in February 2005 to replace the former Department of Commerce. In order to respond quickly to the needs of businesses, the IEDC operates like a business and is organized as a public private partnership governed by a twelve-member board. The IEDC focuses its efforts on growing and retaining businesses in Indiana and attracting new business to the State of Indiana.

Indiana Economic Development Corporation