Medical Alley charts path for Minnesota ’ s medtech cluster

This report puts forward solutions that require commitment and leadership from the public and private sectors. We look forward to working with our state’s leaders on moving these forward,” co-chair Sheri Dodd, a VP and GM of Medtronic’s care management solutions & non-intensive diabetes therapies business, said in the release. Minnesota enjoys one of the largest U.S. medical device clusters, along with the greater Boston area, southern California and that state’s San Francisco Bay area. That said, the report concluded, there are several problems with the business environment in the Land of 10,000 Lakes. The report, which aims to improve the situation over the next few years, identified four key issues: Creating a landscape that attracts investment; improving the environment for early-stage investment in healthcare startups; significantly increasing the area’s draw for talented workers and preparing the existing workforce for changes in the healthcare market; and raising the region’s profile among “key opinion leaders, entrepreneurs, investors and innovators as the place they need to be to achieve success in healthcare.” Medical Alley’s report detailed a clutch of proposals to effect the changes it wants to see, including reducing state personal and corporate tax rates, the creation of business incubators and locally based venture funds, Minnesota-backed programs to attract and retain talent and a national awareness cam...
Source: Mass Device - Category: Medical Devices Authors: Tags: Business/Financial News Industry Council Medical Alley Source Type: news