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FAQs

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About BIO & BIO Business Solutions®

Who is BIO (Biotechnology Innovation Organization)?

The Biotechnology Innovation Organization (BIO) is the world’s largest biotechnology trade association. BIO is a non-profit organization headquartered in Washington, D.C. We provide advocacy, business development, and communications services for more than 1,100 member companies worldwide. It is our mission to be the champion of biotechnology and the advocate for our member organizations - both large and small.

What is BIO Business Solutions®? How does BIO Business Solutions® work?

BIO Business Solutions® is the largest cost savings program for the biotech industry. The program is operated by BIO. BIO Business Solutions® negotiates significant volume-based discounts, favorable terms, and other benefits on behalf of its members and the members of state and regional biotech associations on products and services with industry leading suppliers.

How is BIO Business Solutions® program connected to BIO?

BIO Business Solutions® is a member benefit of BIO. Since the program is a benefit of BIO membership, member companies may use and benefit from BIO Business Solutions® for no additional fee.

How is BIO related to the state and regional biotechnology associations? Does BIO own or manage state and regional biotech associations?

BIO works with a network of independent state and regional life science associations to support policy initiatives and business development activity. The state and regional biotech associations provide BIO with “grass roots” support. The BIO Business Solutions® program is available to members of most state and regional biotech associations. The members of participating state and regional associations may use the program at no additional charge, as the program is a benefit of membership.

How does BIO select its preferred suppliers?

BIO has a formal process for consideration of new partnerships. BIO utilizes an Advisory Board comprised of member company representatives nationwide from various professional disciplines to assess the needs of its membership as they relate to the BIO Business Solutions® program and to review proposals from suppliers and service providers.  The first step in the process for consideration as a preferred service provider under the BIO Business Solutions® program is to complete an online questionnaire that provides a brief overview of your company, the products and services you propose to offer and other relevant information.  The BIO Advisory Board reviews the questionnaire responses twice a year.

Eligibility

Who is eligible to join the program?

The BIO Business Solutions® program is open to all member companies of BIO and of 46 participating state and regional biotech associations. There is no charge for member companies to utilize the program as it is a benefit of membership. Member companies can utilize one, some, or all of the special pricing arrangements offered through the BIO Business Solutions® program. Click here for a list of state/regional associations that offer the BIO Business Solutions® programs to their member companies.

Can I use the BIO Business Solutions® program if my company is not a member of BIO? How do I join BIO?

For more information on BIO membership click here. You could also use the BIO Business Solutions® programs if your organization is a member of a participating state or regional affiliate.   For more information on participating state and regional affiliate memberships click here.

My company am not a member of BIO but is a member of my local state biotech association. Can I participate in the BIO Business Solutions® program?

Yes.  Most state associations participate in BIO Business Solutions®. Click here for a list of participating state and regional associations.

Are these programs only for life science companies?

While some of the individual BIO Business Solutions® programs are relevant to only life science companies, some of the programs are relevant and available to any company in any industry, as long as the company is a member of BIO or a participating state or regional association.

Advantages & Savings

What are the advantages of participating in the BIO Business Solutions® program?

Nearly 3,000 companies currently use BIO Business Solutions®, spending more than $400 million through the program annually. The discounted prices and value added features available to you are based on the total volume of the program. BIO Business Solutions® gives you the purchasing power of the largest companies in your industry.

How significant are the cost savings through BIO Business Solutions®?

The savings are typically significant. Your exact savings will depend on which programs you use as well as other factors, such as product mix, frequency and volume of purchases, etc. Click here for real examples of savings realized by a selection of companies.

I think I can negotiate significant savings myself. How is it better going thorough BIO Business Solutions®?

Nearly 3,000 companies currently use BIO Business Solutions®, spending over $300 million annually. The discounted prices and value added features available to you are based on volume of the individual programs. BIO Business Solutions® gives you the purchasing power of the largest companies in your industry. In addition, BIO Business Solutions® saves you the time and effort you would have to expend to negotiate pricing. We have pooled the purchasing power of thousands of companies to benefit your company.

Enrollment & Use of Program

How much does it cost to participate in BIO Business Solutions®?

There is no charge to use the program.  BIO Business Solutions® is a member benefit of BIO and participating state or regional associations. Program participants must be a member of one of these associations.

Do I have to use all the individual cost-savings programs or can I choose from among the list of programs the ones that make the most sense for my company?

You decide which individual BIO Business Solutions® programs make sense for your company.  Use one, some or all of the programs. The choice is yours.

I already use one of the BIO’s preferred suppliers. Will I have to change the way I do business with that provider? Will I have a limited selection?

Not at all. The individual BIO Business Solutions® cost-savings programs do not restrict your purchasing selection to a short list of obscure “close out” items. In most cases, the full selection of products and services offered by a BIO Business Solutions® supplier are available to you at a discounted price. You do not have to change the way you do business to enjoy the BIO discounts and other benefits.

Do I have to sign a long-term commitment to use BIO Business Solutions®? If I no longer want to use an individual BIO Business Solutions® program, may I discontinue doing so?

If I no longer want to use an individual BIO Business Solutions® program, may I discontinue doing so? BIO Business Solutions® programs do not require a long term commitment. It is extremely unusual for a member company to opt out of the program. But if you must, a simple 30 day written notice is sufficient for most of the individual BIO Business Solutions® programs.

I already use one of the BIO’s preferred suppliers. How do I get the BIO Business Solutions® discounted pricing?

No problem. Simply notify BIO or the BIO Business Solutions® provider and inform them that you would like to enroll and take advantage of their cost-savings program with BIO. A previous customer relationship with BIO Business Solutions® partner does not affect your eligibility to use our program.

I would like to use BIO Business Solutions®. How do I get started?

Terrific. Click here and select the individual BIO Business Solutions® programs that make sense for your company. Each individual program has its own enrollment process. Or, feel free to contact the team at bbsinfo@bio.org or call 888-246-1728.