Life Sciences
Driving Discovery. Improving Lives.
The NYC life sciences community is launching dynamic new startups and leading scientific breakthroughs that are improving health outcomes and powerfully enhancing our basic quality of life. These enterprises are developing technologies that protect patients from infection, researching new therapeutic approaches to treat cancer, and creating new tools and medicines to fight currently untreatable diseases.
NYC’s life sciences assets include:
- Nine major academic medical centers
- ~$2.0 billion in National Institutes of Health (NIH) awards
- 7,000+ graduate students and postdocs at universities
- A 700% increase in private venture capital funding for the industry from 2014 to 2018
- The largest biotech workforce in the country
- Five recently launched incubators to support early stage life sciences companies
Life Sciences Industry Snapshot
New York City has always had a reputation for modeling the way cities and countries make progress in education, immigration, minimum wage laws…and now, scientific innovation.
From our inception, we were committed to being a New York City-based biotechnology company…our partnership with NYCEDC will allow us to continue to grow.
By The Numbers
$600M
The city’s private venture capital funding haul for the life sciences sector in 2018
By The Numbers
$500M
The City’s committed public investment to grow the life sciences sector
From our inception, we were committed to being a New York City-based biotechnology company…our partnership with NYCEDC will allow us to continue to grow.
New York City has always had a reputation for modeling the way cities and countries make progress in education, immigration, minimum wage laws…and now, scientific innovation.
By The Numbers
$75K
Average life sciences salary in NYC
LifeSci NYC
The City’s $500M initiative to cement NYC as the leader in life sciences innovation.
LifeSci NYC
- $100M investment in a new Applied Life Sciences Hub
- $50M to support investments in commercial R&D infrastructure
- $300M in tax incentives for conversion of real estate to commercial lab space
- $10M to support a network of incubators to support early stage companies
Building the Life Sciences Capital of the Future
NYC is leveraging its key assets of talent, space, and capital to become the next global life sciences destination. We’re directly investing in businesses that will be started by New Yorkers and create jobs for New Yorkers. By funding new incubators, building additional lab space, and supporting cutting-edge research, we’re building a pipeline of companies that will empower New Yorkers to access the jobs of the future.
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