Opportunities for Advantage: A Competitive and Innovative Industrial Policy for Biotechnology
What will be the tie that binds all the promising and exciting public and private deep tech investments in biotechnology – enabling the exponential speed and scale of federal projects, market-based business models, and value creation? According to Ryan Fedasiuk, a Research Fellow at the Center for a New American Security (CNAS), all ships will rise through the transformation of U.S. industrial policy in four key areas (equipment, personnel, information, and capital):
“The United States needs some form of industrial policy to promote its bioeconomy—one that is enshrined in democratic values and focused on improving access to four key drivers of bioeconomic growth:
- Information, and
This report – Regenerate: Biotechnology and U.S. Industrial Policy] – attempts to measure the health and outlook of the U.S. synthetic biology industry and broader bioeconomy by examining U.S. access to each of these four resources. It concludes that the United States still possesses an advantage in each of these fields—but that, absent a proactive strategy to ensure resource access, and without a significant infusion of capital, the U.S. bioeconomy risks languishing behind competitors such as China in the decades ahead.”
Fedasiuk and his collaborators over at the CNAS make “nearly two dozen policy recommendations for the United States to undertake in support of a more robust industrial policy. Each is focused on improving access to” [the four key drivers itemized above].
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