(Entrepreneur Quarterly) Shared Services in the St. Louis AgTech and BioTech Innovation Districts
This article addresses shared services as practiced in the St. Louis innovation districts. After defining the shared services concept, we will provide a nutshell discussion of traditional outsourcing. This is necessary to grasp the differences between these two business practices and to note their strategic similarity.
We will then examine two St. Louis-area shared service examples, the Phenotyping Core Facility at the Donald Danforth Plant Science Center and the wet and dry lab arrangements and associated infrastructure, shared workspace, and amenities at BioSTL and BioGenerator. As this article will make clear, these are incredibly sophisticated facilities, offering startups a wealth of technical capabilities.
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