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Vertex Governor Patrick celebrating Vertex Pharmaceuticals’ expansion earlier this month. (Holland Hinman/Governor’s Office)

Governor Patrick today continued participating in the 2011 International BIO Convention, promoting Massachusetts’ life sciences leadership and our strengths in the innovation economy. 

After a breakfast with international corporate leaders and a roundtable discussion on collaboration with Israel this morning, Governor Patrick joined Israeli Chief Scientist Avi Hasson to announce the creation of the Massachusetts Israel Innovation Partnership.

Under the new Partnership, Massachusetts and Israel will invest $2 million to encourage and support innovation and entrepreneurship between Massachusetts’ and Israel’s life sciences, clean energy and technology sectors. Today’s announcement builds directly on work done in Israel during the Innovation Economy Partnership mission to Israel and the United Kingdom earlier this year. Click here to learn more about the Partnership.

Speaking before the entire Convention at the plenary session this afternoon with Boston Mayor Tom Menino, Governor Patrick looked ahead to the 2012 BIO Convention. He discussed how bringing the Convention back to Massachusetts is a sign of our commitment to the life sciences industry and an important contribution to the Massachusetts economy, emploring delegates to “Come early, stay late, bring your credit card, and, more importantly, your ideas.”

Read yesterday’s blog post to catch up on the first day of the BIO Conference. Here are some quick facts about the life sciences industry in Massachusetts:

  • The Life Sciences Initiative is a ten year, $1 billion investment in the life sciences industry. So far the state has invested about $200 million of public resources, which has generated almost a billion dollars in new private investment and thousands of jobs.
  • Massachusetts has the greatest concentration of biotechnology researchers in the United States – twice that of the next closest state.
  • The Commonwealth hosts some of the biggest, most successful life sciences and pharmaceutical firms in the world. Governor Patrick recently attended the groundbreaking ceremonies for Vertex and Pfizer. Both companies are planning major expansions in Massachusetts.
  • Visit the Massachusetts Life Sciences Center for more details and follow @MassGovernor on Twitter for the updates from the Convention floor.

 

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