Industry Overviews

Industry Overviews

Life Sciences

New Jersey life sciences companies are continuing the State's tradition of innovation. The research home of Thomas Edison and Albert Einstein, two names synonymous with breakthrough science, New Jersey is also home to an impressive list of teaching institutions, including 66 universities, colleges and technical schools, three medical schools, 13 teaching hospitals, 2,200 active/open clinical trials, and 3,100 life science and biopharma establishments.

New Jersey Advantages

  • Three Innovation Zones provide start-ups with financially viable "tech zones" to encourage collaboration and the rapid delivery of discoveries from the lab to the marketplace.
  • Innovative Talent Network initiative links businesses and educational institutions with job seekers.
  • Financial incentives include a variety of funding through the Edison Innovation Fund and the Life Sciences Venture Fund.
  • Tax credit programs include the Technology Business Tax Certificate Transfer Program.
  • Support and advocacy is available from organizations like BioNJ http://www.bionj.org and HealthCare Institute of New Jersey http://hinj.org.
  • The State's well-educated workforce is bolstered annually by more than 22,000 students graduating with degrees in life sciences from the State's institutions of higher learning.

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