At present, NYC may not be living up to its full potential in terms of biotech capital and development infrastructure but there is significant potential. Our March Economic Snapshot reveals opportunities for growth and ways that NYC can transform itself into the next locus of life science innovation.
Home to top pharmaceutical companies and the most prestigious centers of basic science - not to mention the largest healthcare system in the country - NYC is uniquely positioned to lead in the life sciences. Here are all the ways we are nurturing the sector right here in the five boroughs.
Deputy Mayor for Economic Development Robert K. Steel and New York City Economic Development Corporation President Kyle Kimball today announced two major initiatives to help New York City grow into a preeminent capital for life sciences innovation in the world.
Launched with anchor participation from NYCEDC, Celgene, GE Ventures, and Eli Lilly, the City of New York Early-Stage Life Sciences Funding Initiative seeks to launch 15 to 20 breakthrough ventures by 2020.