MassBio's Impact 2020 Strategic Report

October 1, 2013

What do you see for the industry five or ten years into the future? What is your vision for life sciences in Massachusetts come 2020?

MassBio is asking all members and industry stakeholders to consider those questions as we kickoff Impact 2020, the road to the MassBio 2020 strategic plan.

The plan will outline a clearly articulated vision for the continued growth of the life sciences industry as economics, business models, policies and healthcare practices continue to shift through the next several years. It will assess the critical events, trends, policies and discoveries that will impact the life sciences sector through 2020 and make recommendations to ensure that the industry thrives in Massachusetts for generations to come and continues to advance science in addressing the needs of our planet.

Using dozens of stakeholder interviews, as well as analysis of market factors, business trends and competitive clusters, MassBio aims to address key issues and leverage opportunities for all industry stakeholders: life sciences and biopharma companies, government, academia, investors, providers and patients. In addition, the report will guide MassBio in aligning resources and operations to fulfill its role in the implementation of the strategy.

MassBio has partnered with Health Advances, a leading life sciences-focused strategy consulting firm, to develop the plan. The development phase will run from August 2013 through February 2014 and will be overseen by a Steering Committee and Advisory Board of industry luminaries and rising stars.  

Past MassBio strategic reports have led to new programs and initiatives that have proven to bolster the industry. In fact, the state’s $1 billion Life Sciences Initiative, and the investments and programs that followed, were the result of recommendations and advocacy undertaken following the 2010 Report. This is an opportunity to voice your challenges and needs, and shape the future of the Massachusetts life sciences industry. Stay tuned to for information on ways to get involved.


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