2023 September Life Sciences Update

What Makes an Emerging Market?

› An influx of public and private funding in emerging markets signals long-term investor interest, drives rapid infrastructure development, empowers startups and fuels research endeavors. › Venture capitalists recognize the potential for high returns and groundbreaking discoveries that startups in emerging markets offer. › Public sector investment and incentives play an important role in the growth of emerging life sciences markets. Grants, tax breaks and infrastructure development solidify these markets as attractive destinations for life sciences innovation.

Public and Private Fund Attraction

Austin

$318.85

Houston

$111.63

Dallas/Ft. Worth

$76.93

Phoenix

$73.12

Funding fuels growth and high levels of funding can accelerate growth in emerging markets.

Atlanta

$56.87

Salt Lake City

$27.69

$-

$50.00

$100.00 $150.00 $200.00 $250.00 $300.00 $350.00

Millions (USD)

Total Funded Amount (Top 10 Deals, 1H 2023)

Source: Pitchbook

30 / CUSHMAN & WAKEFIELD

LIFE SCIENCES SEPTEMBER 2023