Biotech d-Conference: Biotechnology and Life Sciences Global Venture Congress 2006 New York SAEC Ventures

My Dear Friends, Welcome!

It’s truly an honor to have the opportunity to welcome you to the 3rd Biotech and Life Sciences Global Venture Congress™. I’m delighted to inform you that besides USA, this year’s conference has attracted delegates from UK, Israel, China, India, Germany, Finland, Scotland, and Canada. We take great pleasure in having the company of such select, talented individuals to take part in a very focused intellectual conversation.

The past year has witnessed record investment in Biotechnology and Life Sciences ventures, which is great news for all of us. We have also seen an increase in the number of new VC’s entering the space as well. There is a possibility that too many term sheets competing for the same investment opportunity, are leading to higher valuation. Some find it a cause for concern.

However, if you look at it carefully, there has been a fundamental shift in the underlying process, tools, and technology. The technological advancements over the last few years have led to reducing the cost and time involved in bringing new innovation to the world faster and cheaper. These savings are real and hence the optimism.

Since the completion of the genomic mapping, there have been exponential growths in research that will bring cure to deadly diseases like Alzheimer and Cancer. Personalized medicine is becoming a reality. Healthcare is a real issue with record number of people without health insurance. Technology currently available can bring down the healthcare service cost significantly; all that it needs is a political will. And it is got to happen, sooner than later. This door opens new opportunities for entrepreneurs and investors alike.

There is real reason to believe that the industry and all its sectors will sustain higher unprecedented growth for the foreseeable future.

Global Venture Congress™ d-conferences are going to be the place for intellectual meditation where we can discuss the future of Biotechnology, Life science and Technology. Our conferences are completely independent, and we don’t allow outside forces to infringe on our vision.

Since the start of this conference in 2004 a lot of hard work has gone into building the foundation of a global platform and we intend to continue building on our past accomplishments. Groundwork has already begun for the 2007 conference, which will be getting a face-lift. We are working with representatives of various countries to create a global alliance, and bringing intellectuals from around the world to continue this conversation of exploring the frontiers of Biotech, Life sciences and Technology ventures.

I hope you can join us once again in 2007. Thank You!

Best regards,

Gyan Parida, Ph.D., MBA
Chairman, Global Venture Congress
Founder/President, Silicon Alley Entrepreneurs Club (SAEC)