Why is public-sector investment needed in the biosciences?
Many states recognize that their economic future is strengthened by investing in the biosciences, and if Arizona is to keep up, the public sector must also invest in order to keep top researchers, attract nationally-recognized faculty, and build core labs and facilities that are competitive with other academic health and university research centers across the country. Public-sector investment is also needed to fill the initial gaps in capital investments that can leverage further revenue and catalyze private funding. For example, the state’s initial investment of $5 million in TGen has resulted in additional revenues of $15.6 million, a 3.1-fold increase. In the future, a start-up seed fund generated by public and/or private investment could be geared towards attracting additional private funds.
