New discoveries. Revolutionary cures.
One of the largest biotech clusters in the United States, Washington offers investors, startups and industry innovators a unique environment where collaboration is the norm and bold ideas are changing the very face of healthcare.
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.
In the Puget Sound region, life science employment jumped 17.4% in recent years and NIH funding reached the $1 billion-plus mark, not to mention the hundreds of millions of dollars in life science venture funding. More than 600,000 square feet of new life science real estate is being added to the region’s existing lab, research and office space.
A rich history of innovation.
Over the years, our ideas have revolutionized medicine, from the portable heart defibrillator 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 a new vaccine to end the current pandemic.
Anchored by highly respected research institutions such as the Fred Hutchinson Cancer Research Center, Allen Institute, University of Washington and Pacific Northwest National Laboratory, the sector employs nearly 36,000 researchers and support staff at more than 1,150 biotech and nonprofit research organizations, medical device and equipment companies, digital health firms, distribution companies and drug and pharmaceutical firms.
Nearly 170 organizations in the state are promoting and improving global health through research, training, education and public awareness, including the Gates Foundation, which has committed more than $32.9 billion to support global health initiatives around the world, specifically family health and infectious diseases such as HIV, polio and malaria. These organizations have forged nearly 2,000 partnerships around the globe, spearheading 5,000 projects in 151 countries.
Plenty of room to grow.
One of the great 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 huge 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 prescribe nearly any patient product or service digitally. It received an $11 million investment in 2019 and benefits from a close proximity to Amazon, Microsoft and other technology leaders.
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.
Contact us today!
Washington is redefining the world of healthcare on a global scale. Life science and global health organizations thrive in Washington because of our excellent research capabilities, highly collaborative partnerships that blur the lines between healthcare and technology, our history of innovation and invention, and our dedication to health and wellness worldwide, giving hope where there once was none.
- 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
Give us a call at (206) 256-6100 or email one of our business experts below to learn more about our life sciences and global health sectors and how you can become part of the future of healthcare in Washington State.
Julia Terlinchamp, Director of Economic Development, Life Science/Global Health Sector: Phone: (206) 256-6107
Radi Simeonova, Business Development Manager, Life Science & Global Health – Phone: (206) 256-6114