New discoveries. Revolutionary cures.
In many respects, it’s an entrepreneurial space ripe for innovation and invention. There is a growing convergence between the life science and global health sectors and artificial intelligence, cloud computing, machine learning and other technologies, which are Washington’s strengths. New devices, treatments and therapies are rapidly prototyped and introduced in the marketplace.
- Nearly 40,000 researchers and support staff working at 1,150+ biotech firms, nonprofits, medical device manufacturers, digital health companies and pharmaceutical firms.
- 170 global health organizations, including the Gates Foundation, which has committed more than $40 billion to support global health initiatives around the world, including HIV, COVID, polio and malaria.
- Leading research institutions, including the University of Washington, Fred Hutchinson Cancer Center, Allen Institute, and Pacific Northwest National Laboratory.
- Puget Sound region is ranked fifth in U.S. for life sciences sector strength, based on market maturity, momentum, innovation and growth potential.
- Annual NIH funding for research is $1 billion-plus in addition to millions in life science venture funding.
- 9.9 million square feet of existing lab space and an additional 990,185 under construction. Another 5.2 million square of lab, research and office space is proposed for development.
An in-depth look.
Over the years, our ideas have revolutionized medicine, from portable heart defibrillators and bone marrow transplantation to passive vaccine storage systems for use in remote parts of the world and centrally connected disposable sensors that can be used for triage. (Visit our Innovations timeline for more Life Science wonders). Researchers at our major universities and labs are at the forefront of finding effective treatments and cures and were instrumental in finding an effective vaccine to end the pandemic.
One of the unique things about Washington’s life science and global health sector is that there is plenty of room for growth. Two-person startups with fresh ideas can easily explore and innovate, tapping into the vast intellectual capital of researchers, scientists, doctors and graduate students in the region.
Venture capitalists and angels are always on the lookout for the next Washington State success story, such as local bio-device companies that are leveraging the state’s expertise in software, hardware and mobile platforms to create revolutionary new products to monitor and treat health issues. A good example is Xealth, a platform where doctors can digitally prescribe nearly any patient product or service. The company received an $11 million investment and benefits from close proximity to Amazon, Microsoft and other technology partners.
Washington has had the distinct honor of being home to eight Nobel Prize winners in medicine, chemistry and physiology. The University of Washington has ranked as the #1 most innovative public university for three years straight. Washington State University and the University of Washington have launched more than 200 startups that leveraged their research outcomes.
- Bothell Biomedical Devices Innovation Zone
- Bill and Melinda Gates Foundation
- Allen Institute for Brain Science
- Benaroya Research Institute at Virginia Mason
- Seattle’s Children’s Hospital
- Fred Hutchinson Cancer Research Center
- Seattle Cancer Care Alliance
- The Hope Heart Institute
- Institute for Systems Biology
- Pacific Northwest Diabetes Research Institute
- Infectious Disease Research Institute
- Puget Sound Blood Center
- Seattle BioMed
- Swedish Medical Center
- Heart Clinics Northwest
- University of Washington, School of Medicine
- Washington State University
Contact us today!
Washington is redefining the world of healthcare on a global scale. Life science and international health organizations thrive in Washington because of our extensive research capabilities, highly collaborative partnerships that blur the lines between healthcare and technology, history of innovation and invention, and dedication to health and wellness worldwide, giving hope where there once was none.
Give us a call at (206) 256-6100 or email one of our business experts below to learn more about our life science and global health sectors and how you can become part of the future of healthcare in Washington State.
Alison Beason, Director of Economic Development, Life Science Sector – (206) 256-6110
Radi Simeonova, Business Development Managing Director – (206) 256-6114