It might be easier to find life on Mars than to locate a region on Earth that does not aspire to become a biotechnology hub.
From Australia to Toronto and Singapore to Amsterdam, everyone has big plans--and hefty government subsidies--to attract biotech firms. The obvious lure is well-paying jobs, which average more than $60,000 a year, but even the most enthusiastic biotech boosters agree that most efforts are long shots to produce big profits.