Bioscience in Colorado
We are proud to say there is a level of elevated thinking in Colorado bioscience. We have some of the top research institutions in the country and over 600 bioscience companies led by the best in the industry—creating the vision and drive to succeed. That’s why so many great ideas that impact the globe start and grow here.
1. Colorado Bioscience grew 4.6% from 2007 to 2010, compared to a 1.4% decline nationwide.
2. Colorado employs 27,000 people in the bioscience industry, creating over 122,000 direct and indirect jobs, translating into $10 billion in payroll.
3. Over 600 bioscience companies are located in Colorado including biotechnology, medical device, diagnostic, agricultural-bio, and pharmaceutical companies.
4. Average annual wage is $82,000.
5. Colorado research institutions spin out 20 new bioscience companies each year on average collectively.
6. Colorado’s medical device sector is the sixth-largest in the nation.
7. The State’s Bioscience Discovery Evaluation Grant Program awards funding for emerging and early stage companies and commercialization infrastructure. The proposed 2013 House Bill 1001 “Advanced Industries Accelerator Act” will model itself off of the BDEGP and support seven industry sectors including the biosciences.
8. Colorado ranks 10th among the nation’s best tax climates for small businesses and entrepreneurs.
9. Colorado ranks third in Small Business Innovative Research (SBIR) grants and fourth in the amount of early stage venture capital invested in 2011.
10. Colorado ranked eighth as the next boom state positioned to grow and prosper and fifth in science, technology, engineering and mathematics job concentration.