STUDY SHOWS BIOSCIENCE THRIVING IN NEW YORK

06/11/2004
Business Journal - Central New York
Vol. 18, No. 24; Pg. 6

 

State funding for the biosciences has grown dramatically in the past three years in New York, according to a new study by the Battelle Memorial Institute, the State Science and Technology Institute (SSTI), and Fleishman-Hillard International Communications for the Biotechnology Industry Organization (BIO).

According to the study, "Laboratories of Innovation: State Bioscience Initiatives 2004," New York ranks second in the United States in three areas: total university research and development (R&D) expenditures ($2.76 billion), life sciences R&D expenditures ($1.89 billion), and biological scientists in the work force (more than 33,000). The study also reported that New York is third in the country in total National Institutes of Health support to institutions ($1.71 billion) as well as higher education degrees in biological sciences (nearly 6,400).

The five major sub-sectors of the bioscience industry are agricultural feedstock and chemicals; drugs and pharmaceuticals; medical devices and equipment; research and testing; and academic health centers, research hospitals, and research institutes.

The BIO-Batelle study is a comprehensive analysis to quantify the scope and impact of bioscience employment in all 50 states. It also examines programs in each state to promote the development of bioscience companies.

New York has demonstrated considerable commitment to key factors that appear to influence a state's ability to increase bioscience employment. These include the degree of involvement by research institutions, available capital, access to facilities and equipment, a stable and supportive tax and regulatory environment, and a long-term perspective. Among the state's major initiatives are: