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 annual National Institutes of Health (NIH) awards in 2020—an all-time high
- 7,000+ graduate students and postdocs at universities
- A 400 percent increase in private venture capital funding for the industry from 2016 to 2018
- The largest biotech workforce in the country
- Six incubators to support early-stage life sciences companies
These assets, and the City's commitment to investing in this growth sector, have made life sciences a cornerstone of the NYC economy. The industry now contributes $3.1B to the city's gross metropolitan product and has seen an average annual growth of 50+ companies since 2016.
Our Vision for the Future
Leading the way in life sciences innovation
Over the next decade:
- 3M+ SF of new life sciences space
- Thousands of new life sciences jobs
- Dozens of new cures to keep New Yorkers safe and healthy
- Healthier communities, a stronger economy
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.
By The Numbers
$1B
The City’s total committed public investment to grow the life sciences sector
We are proud to be part of a community of people in New York who strive to save and extend lives.
By The Numbers
$142K
Average NYC life sciences salary in 2020, up 67% from 2010
By The Numbers
>$1B
The city’s private venture capital funding haul for the life sciences sector in 2019
By The Numbers
$1B
The City’s total committed public investment to grow the life sciences sector
We are proud to be part of a community of people in New York who strive to save and extend lives.
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
$142K
Average NYC life sciences salary in 2020, up 67% from 2010
LifeSci NYC
The City’s $1B initiative to cement NYC as the leader in life sciences innovation.
LifeSci NYC
- $450M to connect research to industry
- $430M to unlock life sciences space
- $20M to build a diverse pipeline of life sciences talent in NYC
Leading the Way in Life Sciences Innovation
New York City is building on its existing strengths and investing in the spaces, companies, and talent that will produce life-saving cures and treatments, while catalyzing new opportunities for all New Yorkers.
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