Optimists at the BIO Show
I'm in Montreal today for the World Congress on Industrial Biotechnology - put on by the Biotechnology Industry Association. The soaking rain that threatened to drown my arrival on Sunday has given way to warmer weather with just a few threatening clouds. Similarly, the mood at the show is one of patient optimism.
This year is the show's tenth anniversary and it is reported to be the largest one yet with 1200 attendees. There are actually seven tracks of breakout sessions which makes it rather difficult for this reporter to follow along.
The major change that I've noticed compared to my first show four years ago is in the content of the presentations. It used to be all about the super microbe - speakers would show off elaborate slides with metabolic pathways - they all looked like very complicated subway maps. Since then the industry has learned that microbes can build a lot, but they can't build your business for you.
This year the subject matter is all about scale up and applications. The language is more MBA than MicroBio. Supply chains, value chains, financing, customers, joint ventures, IPOs. Of course by now any start-up with a microbe has learned by now if their business plan is worth money or not - and only those that answer yes are still here.
I've been told to expect some major announcements this morning so follow along with my tweets @MelodyMV if you want the dish. Yesterday Myriant said it got its bio succinic acid plant up and running in Lake Providence, LA. It will be ramping up tp 30 million lbs per year.