A memo to Governor Katie Hobbs on supporting Arizona entrepreneurs - Phoenix Business Journal

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A University of Arizona professor who also runs a biotech startup offers his thoughts to newly elected Arizona Governor Katie Hobbs on ways she could support and encourage the state's entrepreneurial ecosystem. phoenix UArizona

By Zachary Brooks – Contributing writerCongratulations on your electoral victory. I encourage you to use this pivotal moment to make Arizona the biotech startup state.

Reducing student and family education debt will free people to start new companies. Launching a career burdened by debt is like overloading a Ford F-150 before embarking on a cross-country trip, making it hard to start a business, a family or own a home. As you probably know, most biotech startups fail during the dreaded “Valley of Death,” or the period in a startup’s life in which it operates but generates no income.

Elevate groups such as AZBio, Flinn Bioscience, the ATC, and the ACA to build on the Arizona Bioscience Roadmap.A way to start is to invest in bioinformatics workforce training. Why? It is cost-effective and scalable, producing high-paying jobs faster. Here are some ideas on that: Treatment means data. Personalized medicine mean that doctors and patients will need to comb through datasets to make informed decisions. Healthy patients cost less money.

 

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