BioTechnology Industry Profile

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Biotechnology

New Jersey is on the leading edge of the New Economy. It is one of the top states in the nation when it comes to the number of patents granted, fast-growth firms, and venture capital investment. There are 116 biotech companies in New Jersey, making it the fourth-largest biotech center in the country. That number continues to grow as cutting-edge companies relocate to the state or emerge from state-funded incubators or university-based programs.

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BioTech Fast Facts

Leading
Companies

New Jersey has the third-highest concentration of life science employment in the nation (7%).
Biotech companies occupy over three million square feet of space and employ more than 6,000 people.
Several of the world�s largest biotech venture capitalists are headquartered in New Jersey.
In 2002 New Jersey ranked eighth in the nation for venture capital received.