The head of a major trade group for bioscience in Wisconsin says people are putting their money back into the field. Executive Director of Bioforward Bryan Renk this follows a time when the down economy had investors taking a hit after being too risky on where they put money. He admits securing investment from the public and private sector is still difficult.
“Although what I would say is there is a lot of money nationally and in Wisconsin that’s been sitting on the sidelines and some of that is starting to free up.”
Renk says in the next few months expect to see more-and-more companies leveraging some state or federal dollars.
The non-partisan group is also gearing up for the next governor and does not back a particular candidate.”We are looking forward to whoever is the new administration we think we can work with them,” says Renk.
Stem cell work has been a major issue lately in the election with Democrat Tom Barrett heavily in favor of the research. Republican Scott Walker favors funding adult rather than embryonic stem cell research.
Bioscience work encompasses a broad range including agriculture, pharmaceutical and medical industries.