Bioscience in Colorado Fact Sheet

Colorado Bioscience grew 1.8% from 2009 to 2010, compared to a 2.4% decline nationwide.

Colorado employs 20,000 people in the bioscience industry, creating 100,000 direct and indirect jobs, translating into $7 billion in payroll.*

Over 600 bioscience companies are located in Colorado including biotechnology, medical device, diagnostic, agricultural-bio, and pharmaceutical companies.*

Average annual wage is $74,161.*
 
Colorado research institutions spin out 20 new bioscience companies each year on average collectively.

Colorado’s medical device sector is the sixth-largest in the nation.

The State’s $56 million Bioscience Discovery Evaluation Grant Program awards funding for emerging and early stage companies and commercialization infrastructure, a nationally recognized model of innovative state life science economic development legislation.

Colorado ranks second in Small Business Innovative Research (SBIR) grants.
 -Toward a More Competitive Colorado, Sixth Edition Metro Denver EDC

The Denver market ranks 12th as a top emerging life science cluster in the U.S.
 -Jones Lang LaSalle, 2011 Global Life Sciences Cluster Report

Colorado ranks 10th among the nation’s best tax climates for small businesses and entrepreneurs.
 -*Metro Denver EDC Bioscience Colorado Industry Cluster Profile