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40 Midwest biotech organizations to explore Japanese partnerships

40 Midwest biotech organizations to explore Japanese partnerships

Travel Trailers By Les Chappell • 09/20/04

MADISON, Wis. Midwest biotech businesses will soon have a chance to network internationally as part of a trade mission to Japan.

The Japan External Trade Organization, or JETRO, will take 40 representatives from Midwest colleges and corporations to Japan this September 25 through October 1. They will attend biotechnology conferences, visit research centers and network with Japanese companies.

Governor Jim Doyle, who just this March led a trade mission to China, will be going along. He will likely speak on biotech opportunities and Wisconsin's university system and medical schools, according to Mary Regel, administrator of international development for the Wisconsin Department of Commerce.

In the world of biotechnology, Japan has rapidly emerged as a superpower. Valued at $12.2 billion in 2002, the market there is predicted to enlarge to $219 billion within the next eight years, according to a brochure distributed by the trade mission's organizers. Determined to capitalize on this success, Japanese companies are also seeking new opportunities for expansion, working with foreign researchers, colleges, and businesses to bring together their efforts.

Biotech is a strategic point for Japan and the United States, so their governments are very eager to connect companies, said Tomoharu Washio, chief executive director of the JETRO Chicago office. Both sides don't work with each other so much, so the simple purpose is to create a networking opportunityto see what sort of major players are in this area.

Attendees are looking forward to the opportunities provided by the conference, both for creating new ties and strengthening old ones with Japanese companies.

We've been licensing technology in Japan since the 1950s ... I think in many ways we have an excellent image because of the amount of business we've done with intellectual properties transfer, said Andrew Cohn of the Wisconsin Alumni Research Foundation, one of the groups in the JETRO mission.

We're hoping we'll build relations with companies, establish collaboration, and discover new areas of research that we can work on together.

The WARF delegation will also represent the Wisconsin Biotechnology and Medical Device Association, according to James Leonhart, the association's executive vice president.

Networking and exploration mission's focus

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