Biotech L.A. #2: Convergent Research Ecosystem (Credit: David McNew/Getty Images)

Biotech L.A. #2: Convergent Research Ecosystem (Credit: David McNew/Getty Images)

In his speech at the groundbreaking ceremony for the USC Michelson Center on October 23, 2014, Dr. Gary K. Michelson emphasized that the rewards of tomorrow require planning and action today. This point is a reflection of the values that lie at the core of biomedical research. Innovation is not limited to the creation of new products and services, it necessarily includes the identification of needs that are not currently met and discovery of new opportunities for growth. In the lingo of the field, innovation requires both research and development. (Credit: David McNew/Getty Images)