Building the Illinois Innovation Economy Summary of a Symposium (2013) / Chapter Skim
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Panel VI: The Industry Perspective on Illinois
Panel VI: The Industry Perspective on Illinois
Pages 136-143
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From page 136... ...
This is an extremely powerful therapeutic class, one where AuraSense has a therapeutic advantage. Many consider gene regulation a fundamental advance in pharmaceuticals, and one that will give rise to a number of drugs across different therapeutic areas."58 58 According to the company web site, "AuraSense Therapeutics' uniquely engineered Spherical Nucleic Acid (SNA™)
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From page 137... ...
SNA™ constructs exhibit high stability, high binding specificity, and unparalleled transfection efficiency into numerous cell and tissue types. Needing no carriers or transfection agents, they provoke minimal immune response and no known toxicity." 59 The stratum corneum is the outermost layer of the skin, consisting of dead cells, that forms a protective barrier.
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From page 138... ...
Crocker, were streamlining of technology transfer, minimizing the bureaucracy of licensing relationships, training talent locally for local employment, and easing access to critical infrastructure of real estate and instrumentation. He closed by reiterating the importance of partnerships between government, industry, and academia.
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From page 139... ...
Based on that discovery, he said, Nanosphere had been able to raise more than $100 million privately, and more than $180 million in public funding. The good news," he said, "is that we've just entered the rapid growth stage after an extended period developing the invention so that it works reliably; passing through the regulatory process; and introducing it to hospitals." Nanosphere matters, he said, because it "addresses critical unmet medical needs resulting in saving lives and reducing healthcare spending." A test had been approved that week, he said, for detection of bloodstream infections.
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From page 140... ...
Motorola acquired Symbol Technologies several years ago, which brought the technology of bar code scanning into the company. "This is critical for the retail segment that tracks inventory, runs the purchases, and organizes warehousing and management.
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From page 141... ...
We are designing the police car of the future, here in Illinois, so that officers can spend more time actually solving crimes instead of working with technology." Finally, a core objective is to improve the retail experience for both purveyors and customers. "For the next-generation enterprise," she said, "we are working for the connected consumer, who is carrying a smart phone and wants to know more about prices than the sales person.
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From page 142... ...
"When a company wants to relocate," he said, "a lot of states offer tax incentives. If they could translate those incentives into grants instead of tax breaks, they could help emerging, fast-growing companies."
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From page 143... ...
This is an example of a common-sense innovation to reward people who invested in innovation here in the state." Ms. Hattendorf said that a large multi-national company like Motorola looks for a stable tax environment when selecting a site a facility.
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