Why NYC?
New York City is well-positioned for success in the Bioscience industry, providing world-renowned research, talent, and resources no other city can offer.
- Scientific Talent: The New York metropolitan area has the largest bioscience workforce in the country, according to a recent Battelle study
- Research: $1.4 billion in NIH awards – New York City is ranked #2 in the nation
- City of Science: The City has the world’s largest concentration of academic institutions with nine major academic medical centers including Columbia University, Weill Cornell Medical College, NYU, Albert Einstein College of Medicine, and The Rockefeller University
- Existing Bioscience Cluster: Over 120 bioscience companies
Funding
New York City is a center of finance - there are over 100 Venture Capital firms investing in life science companies at all stages. Selected funding highlights include:
- $75M raised by ZocDoc
- $40M raised by Imagen Biotech
- $10M raised by Truveris
- $10M raised by Hello Health
- $7M raised by Medivo
- $4M raised by Retrophin
Research
New York City has the most developed medical infrastructure in the United States, with 57 hospitals including the Hospital for Special Surgery, Memorial Sloan-Kettering Cancer Center, and New York-Presbyterian Hospital.
New York City receives annually $1.4 billion in NIH funding, second in the country.
New York City led all cities in the country in NIH funding for Universities and Colleges, receiving more than $1 billion in grants during fiscal year 2007.
Talent
The New York metro region has more bioscience employees than any other metropolitan area in the US, according to a study by Battelle.
NYC's talent highlights include:
- New York City has more college students than any other US city.
- The City has 45,769 physicians, according to the New York State Department of Labor.
- The New York metropolitan area has the largest scientific and healthcare workforce in the country, which accounts for 427,300 jobs, according to the US Department of Labor.
- The New York metropolitan area has the highest tech employment in the country.
Commercial Activity
- The City’s academic institutions produce an average of 20 start-up companies per year.
- Major publicly-traded biopharma companies include Bristol Myers Squibb, ImClone Systems, Pfizer and Forest Laboratories.
