Members and Friends,
Vision without action is merely a dream.
Action without vision merely passes the time.
Vision with action can change the world.
- Joel A. Barker, futurist.
At Virginia Bio, we don’t want to merely dream, or just pass time. Like you, we want to change the world.
And so, as you have probably noticed, we will do practically anything to help Virginia Bio members succeed and our industry thrive, to bring the benefits of life science to the people of Virginia and the world.
From blocking and tackling to sketching a vision of an extraordinary future and instigating a sense of urgency to move towards it - we do it. That’s the connection between the following two wildly different observations I want to share, drawn from items recently capturing our attention and demanding our time.
Observation 1 - Most of you are missing the opportunity to save a lot of money in the normal course of business because you’re not using our BioPurchasing program.
We are proud members of one of the nation’s best discount purchasing programs, continuously negotiated exclusively for members of the many state bio organizations like ours by big BIO. Big discounts - often north of 50%, are available on practically anything your company purchases. The amount of savings enjoyed by our members who participate in the program varies from hundreds or a few thousand dollars per year for a startup, to hundreds of thousands of dollars to scaleups and mature companies. The point is whatever your size or volume, savings will be significant to you. VWR, known widely as the world’s largest supplier of lab supplies and equipment, leads a list of 14 different vendors in the program, also including UPS, Office Depot, Air Gas and Chubb, and you get their top discounts. It’s easy to use: it takes 2 minutes to sign up, vendor reps reach out to you where you are, savings start on the first purchase. Call or email Cassandra Isley or Sherri Halloran here to get going and start saving money. Your savings can accelerate your R&D, reward your people, and extend your runway.
Observation 2 - We stand at the threshold of a historic opportunity for state public policy to help our companies and realize the enormous potential of the industry.
Listening to and watching policymakers, implementers and influencers since the Fall election and over the course of the General Assembly, I see a new bedrock shared belief that decisive and big-scaled action must be taken promptly to begin to reverse the declining economic performance of the state, that it must focus on innovation industries, and that practically anything will be considered. I think that there’s a consensus that the new tools enacted and considered bold just two years ago (GoVirginia, VRIC and the Major R&D Tax Credit), are good and will be improved, but even so they will be insufficient to fix the fundamental structural economic problem we face today. It seems the very scale by which Virginia traditionally has measured significance in economic development policies is being questioned and found to be insufficient to meet today’s challenge.
We believe that the life science industry has enormous upside potential in Virginia, in part because of the accelerating convergence of life science, biomedicine, health and health care with data, IT, telecom, informatics and AI – all competitive strengths of Virginia. Virginia’s support of this industry is a fraction of what states whose industries are growing (including our immediate neighbors north and south) are doing to nurture and accelerate the industry. In this fast-moving and globally competitive environment, Virginia will never realize the enormous potential without a very different approach. We are eager to work with the new Administration and the General Assembly and the implementing state agencies – to help envision and to block and tackle, in order to change the trajectory of the R&D, the companies and this great industry in Virginia.
So, sign up for BioPurchasing: don’t leave money on the table! Then help us engage with policymakers and stakeholders in the months and years ahead. Let’s change the world.