Markets across the country continue to develop into more innovative communities. Just as tech expanded out of the Bay Area over the last 10 years to become a ubiquitous industry across markets, the life sciences industry is starting to grow in new markets outside of the Bay Area and Boston.
1. Boston
Home to the most life sciences companies, the largest industry employment, the greatest existing lab footprint and foundational biomedical research
2. San Francisco Bay Area
Receives the most venture capital funding and has the best track record with translational efficiency
3. San Diego
Home to the most life sciences companies, the largest industry employment, the greatest existing lab footprint and foundational biomedical research
4. Greater DC & Baltimore
NIH funding in Greater DC & Baltimore has always been strong, and venture capital has sharply accelerated in recent years
5. Philadelphia
Home to a deep and growing pool of talent coming from the region’s strong universities
6. Raleigh-Durham
Delivered a fair amount of lab development over the past two years and is one of the preeminent biomanufacturing hubs in North America
7. New Jersey
Strong momentum in venture capital funding in one of the country’s oldest pharma hubs
8. New York City
Due to the size of metro area, cumulative venture capital funding over the past few years is quite high; likewise for their large pool of biological scientists
9. Seattle
Biopharma industry growth quite fast in past few years
10. Salt Lake City
Strong momentum in R&D investment by universities in life and physical sciences fields, and considerable growth in life sciences job openings
11. Pittsburgh
Considerable amount of momentum in core talent growth in a region home to many impressive universities
12. Minneapolis–St.Paul
Strong growth in core biotech talent in a highly educated market
13. Houston
Strong growth numbers in talent, as well as an impressive base of research institutions and medical centers
14. Chicago
Talent growth impressive for a market of its size
15. Denver-Boulder
Strong momentum in core biotech talent and company formation in the past few years
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