Synthetic biology companies have faced a difficult few years as share prices have been battered and investment in the sector has waned. As investors and companies are readying to gather for the annual SynBioBeta conference in San Jose May 5 through 8, a new report from the bipartisan National Security Commission on Emerging Biotechnology warns that the United States is at risk of losing its leadership to China and is calling for a $15 billion investment into biotech over the next five years to support startups that strengthen national security. We spoke to John Cumbers, founder and CEO of SynBioBeta, about the state of synthetic biology, the policy landscape, and the upcoming SynBioBeta 2025 conference. (Listeners of The Bio Report wishing to attend SynBioBeta can use the discount code “thebioreport” to save on their registration at synbiobeta.com.)