What is it: Sponsored by the BioBusiness Alliance of Minnesota and Deloitte Consulting, Destination 2025 is a sweeping plan to promote and develop life-science companies in Minnesota. Key recommendations include:
Medical devices: Use Minnesota's experienced labor force in implantable heart-related devices to lure companies that specialize in faster-growing applications such as neurology, gut stimulation and diagnostics and monitoring.
Higher education: Establish a two-year technical degree program at the Minnesota State Colleges and Universities system that focuses on developing products made from renewable materials.
Public policy: Provide tax incentives to professionally managed investment funds that can offer expertise to specific industries.
New industries: Apply Minnesota's expertise in food production and disease management to create new companies in food safety and defense.
