Impact 2020 Update

November 20, 2013

MASSBIO TO RELEASE STRATEGIC PLAN

In August, MassBio and Health Advances began the process to draft Impact 2020,MassBio’s Strategic Plan. Impact 2020 will assessthe 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 and continues to advance science for generations to come.

Impact 2020 will include insights frommore than 100 industry stakeholder interviews, online discussions hosted by industry leaders, and a series of discussionbased events through next spring. The development phase for the report will run through February 2014, findings will be shared along the way, and the final report will be completed and presented at the MassBio Annual Meeting, April 3-4, 2014.

This fall, MassBio and Health Advances made significant progress in the development phase of the report. Health Advances surveyed the MassBio membership to gauge interest in several focus areas that are being considered for Impact 2020. Health Advances completed 40 stakeholder interviews, discussing key issues facing the industry, from early-stage financing to demonstrating value in a challenging reimbursement climate. The team has also benchmarked several various domestic and international clusters.

MassBio and Health Advances have been working closely with a Steering Committee and an Advisory Board of industry thought-leaders whoare guiding the report’s focus.

Past MassBio strategic reports have led to new programs and initiatives that have proven to bolster the industry. The state’s $1 billion Life Sciences Initiative and the investments and programs that followed were influenced by the recommendations and advocacy undertaken following the 2010 Report. Impact 2020 is an opportunity for MassBio members to share their perspectives on the challenges and opportunities before our cluster and help shape the future of the Massachusetts life sciences industry. Stay tuned to www.MassBio.org and follow #Impact2020 for updates and information on ways to get involved.

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