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Bulletin, Institute

CLSI to Release 2016 Economic Impact Report of Bay Area Life Science Startups at BIO

Pre-Series A life science companies in the Bay Area are growing rapidly, significantly impacting the local economy. This is the key finding of a survey of 137 Bay Area life science startups in Q3 of 2015. The report looks at funds raised, patents filed, employee headcount, the percentage of women-led companies, and more. CLSI’s Steve Karp, who spearheaded the report said, “While these startups are on the leading edge of innovation in the industry, they are often not captured in traditional analyses, leaving uncovered the important economic and workforce contributions of our region’s youngest companies.”

The full report will be released at BIO 2016 in a program at the CA Pavilion on Tuesday June 9th at 4:15 pm. This will be followed by a panel that includes leaders of Bay Area incubators and accelerators – Bayer CoLaborator, Illumina Accelerator, JLABS, and QB3 – who will discuss some of the reasons behind the Bay Area ecosystem’s entrepreneurial success. The discussion and panel will be followed by a reception that allows conference attendees to meet some of California’s most innovative life science startups and their supporters.

The analysis was supported by the former Bay Area Bioeconomy Initiative, under the auspices of Dr. Una Ryan. Said Ryan, “We are so pleased that CLSI is able to continue the legacy of the Bay Area Bioeconomy Initiative by producing this valuable report, which demonstrates the important economic contributions of our Bay Area life science startups.”