"BIO BizLink fills a critical need for today's life sciences industry," said Jim Greenwood, President & CEO of BIO. "This resource will allow biotech and pharma companies to save valuable time and resources by quickly and easily identifying qualified vendors for upcoming projects."
OnDeckBiotech, the software developer that powers this new service, indicates that its system has already demonstrated significant savings in time and administrative costs for vendors, biotechs and pharmas. The service helps a biotech or pharma avoid weeks of searching and evaluating vendors. The service also accelerates connections and facilitates the exchange of data confidentially to help expedite the development process.
"We're excited to bring this valuable resource to our cluster," said Russell Allen, President & CEO of Georgia BIO. "It's not uncommon for a biotech to spend weeks searching for and evaluating vendors for a particular service – those delays can cost tens of thousands of dollars in overhead and become a significant distraction to the scientific team. BIO BizLink reduces this administrative friction and we expect it accelerate innovation."
On BIO BizLink, vendors maintain a no-cost company profile, including an overview of services, reviews provided by past clients, introductions to key personnel and background documents such as brochures and facility tours. Biotech and pharma companies enjoy free access to this information about the vendor community, as well as complementary tools and resources to help accelerate the development process while protecting their intellectual property.
BIO BizLink was developed and launched as a cooperative effort by BIO, BIO state and regional affiliates and OnDeckBiotech. Accordingly, members of BIO and BIO state and regional affiliates receive certain privileges through the platform not available to non-members, including discounts and expanded access to the platform's Dedicated Advisors. Current affiliates include:
- Colorado Bioscience Association
- Delaware Bio
- Georgia Bio
- Indiana Health Industry Forum
- Montana Bioscience Alliance
- Virginia Bio
To learn more, visit http://biobizlink.com/.
BIO is the world's largest trade association representing biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology products. BIO also produces the BIO International Convention, the world's largest gathering of the biotechnology industry, along with industry-leading investor and partnering meetings held around the world. BIOtechNOW is BIO's blog chronicling "innovations transforming our world" and the BIO Newsletter is the organization's bi-weekly email newsletter. Subscribe to the BIO Newsletter.
OnDeckBiotech provides software to accelerate the business of biotech. Based in Boston, OnDeckBiotech's unique online platform connects communities of life science companies and provides resources to streamline vendor due diligence and management. Launched in 2011, OnDeckBiotech is a winner of the MassChallenge startup competition and has partnered with industry-leading trade associations and disease foundations. Its mission is to never let administrative headaches stand in the way of R&D.
Upcoming BIO Events
BIO International Convention
June 23-26, 2014
San Diego, CA
BIO Latin America Conference
September 9-11, 2014
Rio de Janeiro, Brazil
Livestock Biotech Summit
September 16-18, 2014
Sioux Falls, SD
BIO Investor Forum
October 7-8, 2014
San Francisco, CA