Boston, United States

By any measure, Boston, Massachusetts, is at the heart of the global biotechnology industry. Massachusetts universities and academic medical centers have been a remarkable engine of innovation in a critical new science that is having an enormous impact on health care and the quality of people's lives. Massachusetts researchers and entrepreneurs have created what, at some 280 firms and 30,000 employees, is one of the largest regional concentrations of biotech companies in the world.

Strongholds

The state and its economy have benefited from this global leadership. During the past five years, employment in the biotech industry has grown 10 percent annually and has contributed roughly half of the new industrial jobs in Massachusetts. Today, biotechnology accounts for 18 percent of the state's venture-capital investment, 27 percent of its R&D spending, one sixth of its public companies, and approximately 10 percent of its market capitalization. What's more, the fact that approximately 8 percent of the world's pipeline of new medications (pharmaceuticals as well as biotech) is now located in Massachusetts represents enormous potential for growth and job creation.

Get more information by contacting the Ambassador Programme Team.

Cluster Organization

Massachusetts Biotechnology Council
One Cambridge Center
Cambridge, MA 02142
USA

Website: http://www.massbio.org/