Life Science: Great Promise & Rapid Growth

Like many other industries, life science companies have tended to cluster in certain markets. These markets can be identified by taking a closer look at the funding data. While this investment has been spread across the country, several metropolitan areas have received substantial funding.

TOP METRO AREAS FOR LIFE SCIENCE VC FUNDING 2010-2018

01 Boston $15.5B 04

02

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San Francisco & Peninsula $15.0B

San Diego $5.6B

05

06

Research Triangle, NC $4.0B

Philadelphia $2.7B

San Francisco East Bay $2.7B

07

08

09

Baltimore/DC $2.3B

New Jersey $2.1B

New York $1.6B

10 Seattle $1.5B

11

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Montreal* $1.3B

Toronto* $455M

* 2013-2018

Source: PitchBook

Not surprisingly, most of these markets have at least one leading life science research institution - either a major research university, a major medical research hospital, or both. These research organizations act as the catalyst for innovation and product development for the life science sector and attract R&D funding, especially from the NIH.

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