(Formerly the Office of the Chief Scientist and MATIMOP)

Summit Highlights Mass-Israel Collaboration

Susan Windham-Bannister, president and CEO of the Massachusetts Life Sciences Center (MLSC), said she wants Massachusetts to be open for partnering 24/7.

The active and growing collaboration between Massachusetts and Israeli life sciences companies, was the main focus at a 2012 Life Sciences Summit, held November 5-6 at the Westin Waltham Boston. The two-day event was sponsored by the New England-Israel Business Council and more than a dozen academic, legal, technology and publishing partners (including Mass High Tech) from New England and Israel.

Covering a wide range of topics -- such as how life sciences companies can help providers meet health care reform challenges, licensing and intellectual property value, establishing valuable relationships between startups and larger companies, and the future of life sciences -- the 2012 Life Sciences summit also spotlighted innovative technologies and developments through presentations and case studies.

Susan Windham-Bannister, president and CEO of the Massachusetts Life Sciences Center (MLSC), provided a comprehensive overview of how area startups can find and secure partnerships with Israeli companies, emphasizing the unique relationship the two states have developed. Windham-Bannister noted that there are now nearly 100 companies with Israeli founders or Israeli-licensed technologies in Massachusetts which, according to a 2009 study, employed almost 6,000 workers and generated $2.4 billion in revenue.

Windham-Bannister explained how the MSLC, a quasi-public Massachusetts agency founded in 2006 to promote the life sciences, has developed a program specifically to help Massachusetts and Israeli companies establish mutually-beneficial relationships, the Massachusetts-Israeli Innovation Partnership (MIIP), as a direct result of Governor Deval Patrick’s trade mission to Israel last year. The MSLC hopes to help secure as much as $2 million in funding for early-stage companies involved in the MIIP program next year. According to Windham-Bannister, companies looking to take part must submit a Phase I application by Dec. 7.

Source: Boston Business Journal (Originally published Nov. 7, 2012,  by Jim Schakenbach, Correspondent)
For more information about MIIP, click here.