The University of Alabama Birmingham's 16th annual BioResearch Product Faire™ Event is almost here, and year after year, researchers flock to the event to discover new and upcoming technologies to aid in laboratory research. Just last year, over 300 researchers came to discover the new tools and technologies, 27% of whom were decision-makers with the ability to arrange follow-up meetings on the spot. After last year's event, vendors reported potential sales accumulating to nearly $1.5 million. With each company finding an average of 20 quality leads in just the 4.5 hours the event lasts, return on investment averages between $50,000 and $200,000 per vendor.
“I am very pleased with the attendance & interest level of the participants in the UAB show. I felt I was able to get above average levels of quality leads and new customer interactions when compared to other shows. I even gave out all of my brochures for 5 product lines!”~2014 Birmingham Exhibitor
The University of Alabama, Birmingham receives more than $454 million in research funding and contract awards every year, which, with a large portion represented by 32-on campus life science departments, creates a wide array of funding available for new laboratory equipment. The university also has a new $100 million research building in the works, dedicated to the new Cell Development and Integrative Biology departments, which are sure to require brand new equipment for their cutting-edge research labs.
The university's school of medicine alone hosts 750 students, 900 residents, and 1,300 full-time faculty, many of whom are nationally recognized for their achievements. In fact, the National Science Foundation has recently awarded a University of Alabama chemistry professor a $1 million grant and a CAREER award in recognition of top-performing young scientists. Other recent scientific university grants and awards include:
- A $5.6 million grant renewal allocated in order to expand research in Kidney failure.
- A $4.6 million NIH life science research funding grant for the school’s Center for Clinical and Translational Science.
- $1.81 million to further photoreceptor research.
- A $1.27 million research award from the Patient-Centered Outcomes Research Institute to study different psychosocial treatments for chronic pain management.
Based on last years' Exhibitor Surveys at the end of the event, almost all of the vendors wrote that they were extremely satisfied with the experience, and said they were also extremely likely to return to this year's event. Since vendors tend to return to the shows annually, more researchers return to discover the new technologies becoming readily available.
“Love seeing all the new products and visiting with the knowledgeable sales reps!” ~2014 Birmingham Researcher
This year's 16th Annual BioResearch Product Faire™ event will be held in Birmingham on Thursday, November 12th, 2015 from 10:00 AM to 2:30 PM.
To learn more about participating in this event, visit the link below.