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Biotech and Life Sciences

Life Science is a Key Driver of Economic Growth

Contact Loretta Beine
Industry Contact Regional Director Loretta Beine

New York’s diversity and strengths are enabling groundbreaking life science innovation

Through strategic investment in biopharmaceutical, device and diagnostic research, development and manufacturing, New York fuels the creation of cutting-edge healthcare solutions. New York is growing its life science industry through a broad range of economic development programs and public-private partnerships, supported by the state’s award-winning research talent. And through its $620 million Life Science Initiative, New York is expanding the state’s ability to commercialize research and spurring the growth of a world-class life science research cluster.

New York State’s Innovative Biotech and Life Sciences Industry

Learn more about New York’s biotech and life sciences industry leadership from the top companies and research institutions that are creating jobs and innovating the future of healthcare.

New York is the Future of Life Science

We’ve gathered highlights of the many New York State programs and investments that are creating one of the world’s most innovative life science ecosystems – in a convenient one-sheet reference guide that you can download and share.

Two scientists working in a lab at the Roswell Park Center for Genetics & Pharmacology in Buffalo, NY

As part of the Statewide Cell and Gene Therapy Initiative, Roswell Park Cancer Center— the largest academic CGT research and manufacturing facility in the nation— will work in tandem with the planned Long Island Cell and Gene Therapy Center, creating a “Hub of the Future” to enable direct access to CGT treatments.

Computer in a dry lab

New York State is reshoring preclinical drug development with the “Lab of the Future.” The lab will enable biopharma companies to leverage use of artificial intelligence (AI), machine learning (ML) and robotics to offer improved speed, precision and cost-efficiency to preclinical drug development with this next-generation pilot lab facility. 

Lab workers in white lab coats reviewing information on a screen

IndieBio New York is a startup development program backed by global venture fund, SOSV, which invests in early-stage life science startups that are tackling the world's most pressing problems in human and planetary health. IndieBio New York promotes innovation by offering companies a dedicated four-month educational program, investment, free lab space, and the opportunity to become part of New York's fast-growing life science ecosystem. 

Biotech and Life Science in New York State

Discover why New York State is the ideal place to launch or expand your business.

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#2

in the nation for R&D spend by publicly traded life science companies in the state

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#2

in the U.S. for NIH funding – approximately $3.6B

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#3

in the nation for highest number of bioscience patents issued

Life Science Initiative: The Next Phase

This strategic plan describes investment opportunities designed to make New York the leading destination for Life Science development.

Life Science Initiative Annual Report: 2023

The Annual Report details the operations and accomplishments of New York State’s Life Science Initiative during 2023.

NYS Biodefense Commercialization Fund

On May 4, 2023, Governor Hochul announced the second round of awardees for the fund, which will fuel disease research, create jobs and encourage continued growth across New York’s expanding life science industry.

Opportunities to grow your business in New York State

Construction of the New NY Bridge in New York's Mid-Hudson Region.

Tax-Based Incentives

All forms of tax incentives that enable savings and cost advantages to businesses.
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Operational Support

Programs offering assistance or training to ensure more competitive businesses.
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Growth Support

Funds, loans and other means of financial support to stimulate business growth.
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Innovation Development Support

Financial incentives to foster university collaboration, research and innovation.

Industry Contact

For press inquiries, please contact [email protected]