Bioscience in Colorado

Colorado Statistics

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

2 Currently, Colorado employs 27,000 people in the bioscience industry, creating over 122,000 direct and indirect jobs, translating into over $10 billion in payroll.

3 Average annual wage is $84,000. 

4 Total medical devices and diagnostics employment increased 8.9% between 2008 and 2013.

5 Total biotech and pharmaceutical direct employment increased 1.7% from  2012 to 2013.

6 Colorado research institutions collectively spin out 20 new bioscience companies each year on average.

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

8 The State’s Bioscience Discovery Evaluation Grant Program has awarded 220 grants totaling more than $27 million, creating 45 new companies, 381 direct jobs, and  $418 million in follow-on grants and investments.

9 Venture capital investments in Colorado bioscience companies totaled $1.625 billion in the last five years with an additional $10.166 billion in acquisitions. 

10 Colorado ranked fourth in the nation for funds raised per worker from the SBIR grant program and received more than $75.1 million in 2012.


Sources:

Toward a More Competitive Colorado, Annual Report – Metro Denver EDC 

Battelle/Bio's State Bioscience Industry Development 2012