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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 2020an 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.

When you talk about life sciences jobs, you’re talking about good-paying jobs consistently across the board—and that’s why we’re so focused on the growth of this sector.
Bill de Blasio
Mayor

Life Sciences Industry Snapshot

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By The Numbers

$1B

The City’s total committed public investment to grow the life sciences sector

Harlem BioSpace. Photo courtesy of Harlem BioSpace.
Harlem BioSpace
Perspectives

We are proud to be part of a community of people in New York who strive to save and extend lives.

James Flynn Managing Partner of Deerfield Management
Perspectives

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.

Jona Kerluku LifeSci NYC Intern, Class of 2018
By The Numbers

$142K

Average NYC life sciences salary in 2020, up 67% from 2010

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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