Release Date: June 17, 2005
Contact: Sue Patrick
502-573-1555, ext. 308
(Frankfort, KY) -- Kentucky’s system of postsecondary education will be well represented at the BIO 2005 Conference in Philadelphia next week, June 19-22. BIO 2005 is the world's largest biotechnology gathering and over 18,000 biotech executives, investors, journalists, policymakers and scientists from more than 60 countries are expected to attend.
The University of Kentucky, University of Louisville, Eastern Kentucky University, Kentucky State University, Northern Kentucky University and Western Kentucky University will showcase the commonwealth’s niche capabilities and opportunities in bio/life sciences.
“Among our goals are to attract life science businesses, researchers and entrepreneurs to Kentucky and mobilize additional venture capital investment in the commonwealth,” said Dr. Allyson Handley, senior advisor for economic initiatives to Governor Ernie Fletcher and Dr. Thomas Layzell, president of the Council on Postsecondary Education.
“Bio/life science business development won’t happen overnight, but it will happen,” stated Handley. “The Governor is committed to fostering and developing expanded commercialization ventures and our postsecondary education system, which is a critical partner in the creation of knowledge economy enterprises, is actively engaged.”
Wendy Baldwin, executive vice president for research at UK, said the conference is important to UK.
“The University of Kentucky has so many researchers working in the biotech arena and BIO has become an important meeting for UK to talk about the outstanding work being done,” she said.
University of Kentucky President Lee T. Todd Jr. echoed Baldwin’s comments, “BIO is a great meeting ground for our researchers and industry.
“Our mission is not just to do research,” added Todd, “but to make sure that wherever possible that research actually leads to concrete outcomes that improve people’s lives and helps grow the economy of the Commonwealth.”
James R. Ramsey, president of the University of Louisville, noted, "The BIO 2005 conference gives us the opportunity to learn about the latest research, technology and companies that can contribute to our efforts to build the life sciences industry and the quality of life in Louisville.
“This event also enables us to show the world the outstanding research we're doing in Louisville. And it helps us show that Louisville and the commonwealth are ideal locations for such research efforts and for the companies and other economic development opportunities they bring with them," added Ramsey.
The biotech sector is a natural fit for postsecondary education, explained Handley. Close to 50 percent of the CEOs in this sector possess doctoral degrees and more than 80 percent of the sector’s corporate officers hold doctoral credentials.
For more information regarding the conference, visit the 2005 BIO conference Web site.
Kentucky's postsecondary education system encompasses eight public institutions and the Kentucky Community and Technical College System, numerous independent institutions and Kentucky Adult Education. The system represents 231,612 students, 538,866 Kentucky alumni and 294,896 GED recipients. When Kentuckians earn postsecondary degrees, their skills improve and their wages go up; they are more likely to lead healthy lives and be engaged in their communities; and they build better futures for themselves and their families.