BioCrossroads engaged Browning in November of 2013 to serve as the strategic real estate and facilities advisor to the Indiana Biosciences Research Institute (the “IBRI”).
Indiana’s life sciences industry includes an impressive depth and breadth of global and local enterprises developing next-generation drugs and pharmaceuticals, novel and companion diagnostics tests, medical devices and equipment, and agricultural biotechnology. The IBRI has been conceived and formed to engage and collaborate across the depth and breadth of researchers and laboratories that are represented by organizations including its founding stakeholders:
- State of Indiana
- Eli Lilly and Company
- Dow AgroSciences LLC
- Cook Group, Inc.
- Roche Diagnostics
- Indiana University Health
- Biomet Orthopedics, Inc.
- Indiana University
- Purdue University
- The University of Notre Dame
This remarkably large and comprehensive concentration of headquartered life sciences companies, located in close proximity to the state’s three leading research universities, makes Indiana one of the few places in America today where an institute founded on such a market-focused economic model is even possible. It is the significant role of private industry players that separates the IBRI and its vision from similar endeavors. In fact, it was private industry that sought matching public support to set Indiana’s innovation community down a path to existence. This industry-led model is unlike any in the nation and one that owes its strength and foundation to a unique and significant life sciences ecosystem that is found in Indiana.
Browning’s consulting work with the IBRI spans all facets of facilities and real estate strategic planning, including:
- Conducting national-scale real estate and facilities benchmarking and best practices surveys for peer research institutions and innovation communities
- Identifying basic space requirements, location objectives and characteristics for a large and dynamic organization with complex research space requirements and lab phenotypes
- Identifying and securing interim research space and a permanent location
- Establishing the IBRI as an anchor institution in, and catalyst for, the development of a significant, dynamic, dense and transformative innovation community