Growing a biotech industry in Southwest Washington

"To attract and grow startup businesses in the life sciences and biotech arena, experts say certain key elements are needed: nearby academic research, available venture capital, mentoring support and a business climate that helps translate good ideas into money-making success.

Local economic development advocates say Southwest Washington and the greater Portland metro area have what it takes to nurture an emerging life sciences cluster.

Those efforts received a boost in Vancouver when AbSci LLC recently announced that it would relocate from Portland’s Bioscience Incubator into lab space offered at the Port of Vancouver’s Terminal 1 on the waterfront.

The company now has employees on site where the port is converting former Red Lion at the Quay hotel rooms into “wet lab” units for AbSci..."