BioCrossroads Archives - Page 4 of 8 - The Central Indiana Corporate Partnership

New report highlights impact and growth of healthcare and life sciences sector in Northeast Indiana region

Raquel Bahamonde2022-07-28T12:13:08-04:00July 28, 2022|

Fort Wayne, Ind. (July 28, 2022) – Indiana’s northeast region, an 11-county area* including Fort Wayne and Warsaw, saw healthcare and life sciences jobs grow by more than 11% between 2015 and 2020, outpacing overall private sector growth of 2 percent. The sector contributes a $16 billion annual economic impact and employs more than 48,000 people, according to a new report. The study from TEConomy Partners, ESSENTIAL: The impact of healthcare and life sciences sector in Indiana’s northeast region, examined the influence of decades of investments in the region as well as how the sector provides benefits to their other industries such as manufacturing, technology and retail. In addition, average yearly wages in the healthcare and life sciences for northeast Indiana are nearly $68,000, nearly $25,000 above their private sector counterparts. “The healthcare and life sciences sector is an important [...]

Leveraging Technology to Improve Food Insecurity

Raquel Bahamonde2022-07-18T09:46:45-04:00July 14, 2022|

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New BioCrossroads report highlights impressive impact of healthcare and life sciences sector in Uplands region

Raquel Bahamonde2022-06-16T13:48:48-04:00June 16, 2022|

BLOOMINGTON, Ind. (June 16, 2022) – The Indiana Uplands region’s healthcare and life sciences sector has a $9.5 billion annual economic impact and employs more than 23,000 people in the eleven-county area1, according to a new report. The study from TEConomy Partners, ESSENTIAL: The impact of healthcare and life sciences sector in the Indiana Uplands region, examined the influence of decades of investments in the region as well as how the sector provides benefits to their other industries such as manufacturing, technology and retail. The sector has seen a rapid 18 percent job growth since 2015, well outpacing overall private sector growth of 2 percent. In addition, average yearly wages in the healthcare and life sciences for the Uplands region are nearly $63,000, $23,000 above their private sector counterparts. “The Uplands region has one of the highest concentrations of life [...]

ESSENTIAL: The impact of healthcare and life sciences sector in Indiana

Raquel Bahamonde2022-06-15T12:45:29-04:00June 15, 2022|

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New BioCrossroads report highlights significant impact of healthcare and life sciences sector in Indiana

Raquel Bahamonde2022-06-15T10:54:04-04:00June 15, 2022|

INDIANAPOLIS (June 15, 2022) –Indiana’s healthcare and life sciences sector has a $150 billion annual economic impact; directly employs one in every ten jobs in the state (more than 383,000 people); and has a substantial presence in the corporate and university sectors, according to a new report. The study from TEConomy Partners, ESSENTIAL: The impact of healthcare and life sciences sector in Indiana, examined the influence of decades of investments in the state as well as how the sector provides benefits to Indiana’s other industries such as manufacturing, technology and retail. The report discusses not only the economic measures of capital expenditures, wages and jobs, but also analyzes the non-traditional impacts such as access to healthcare and its influence on economic development. It also points out that the healthcare and life sciences ecosystem is larger than traditional research and development, [...]

BioCrossroads’ new talent program recognizes the next generation of life sciences leaders 23 PAIRs (Promising Achievers in Innovation and Research) nominations are open

Raquel Bahamonde2022-06-02T12:04:16-04:00June 2, 2022|

INDIANAPOLIS, (June 2, 2022) -- People are the most valuable resource to Indiana’s life sciences sector -- those who are innovating, discovering, developing and delivering critical pharmaceuticals and biotech products, medical devices, equipment, and diagnostics as well as researching and creating new protocols to accelerate getting life improving and lifesaving products to patients all over the world. BioCrossroads today announces 23 PAIR (Promising Achievers in Innovation and Research), a new recognition program that will celebrate and promote the state’s next generation of life sciences leaders. Criteria for the award includes that a nominee should: Work at a life sciences company or be an academic researcher within Indiana’s life sciences ecosystem Demonstrate significant industry or academic impact and success Have full-time employment or other work-and-learn experience such as an internship, co-op, or research position Experience of 10 years or less in the [...]

Indiana’s life sciences companies accessed more than $15 billion to grow innovation in 2021

Raquel Bahamonde2022-04-19T08:03:19-04:00April 19, 2022|

INDIANAPOLIS (April 19, 2022) - More than $15 billion of capital was accessed by Indiana’s life sciences companies in 2021. BioCrossroads today issued their annual report, Indiana Life Sciences Capital 2021, which provides details on the funding events throughout the year, including: $6.5 million in Small Business Innovation Research (SBIR) awards to 17 companies A record $433.5 million in Venture Capital invested in 39 companies $508 million accessed through public markets by four companies $13.7 billion+ spent to acquire innovation representing 13 transactions $521 million in capital to establish, expand, or upgrade facilities by 23 companies Most noteworthy were the increases in venture capital and merger and acquisition amounts. Indiana had 39 life sciences companies raise $433.5 million in 2021, an increase of almost $200 million over 2020. Investments ranged from a low of $20,000 to a high of over $200 [...]

Indiana Life Sciences Capital: A Summary of 2021 Investments

Raquel Bahamonde2022-04-19T09:12:41-04:00April 19, 2022|

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BioCrossroads 2021 Annual Report

Raquel Bahamonde2022-03-28T09:42:52-04:00March 28, 2022|

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BioCrossroads releases 2021 annual report

Raquel Bahamonde2022-03-28T09:34:42-04:00March 28, 2022|

In addition to global health contributions through medical innovations such as the manufacturing of three COVID-19 vaccines, Indiana’s vibrant and unique life sciences industry continues to make a significant impact on the state through its economic strength, contributing more than $79 billion in 2021. In 2021, BioCrossroads focused on collaborations among industry, academic, government and philanthropy; building the entrepreneurial ecosystem through seed investments; and establishing unique sector assets, such as sector-focused educational and market knowledge reports and analysis. In addition, a partnership with the Indiana Economic Development Corporation resulted in world-class companies expanding and building new facilities in the state to take advantage of life sciences assets. Talent also remains central to growth in Indiana’s life sciences sector, and BioCrossroads is highlighting young talent and growing companies through the Career TraX project. [READ ANNUAL REPORT]

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