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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.

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

The Empire Discovery Institute – with the University of Rochester, University at Buffalo and Roswell Park Comprehensive Cancer Center as founding partner institutions– will fast track translation of  groundbreaking research from the laboratory to commercial opportunity.

A scientist working in the Wadsworth Public Health Laboratory.

New York’s Wadsworth Center, one of the foremost public health systems in the country, is partnering with world class biopharmaceutical companies to create commercial solutions that address critical public health issues—including Lyme Disease, one of the country’s fastest-growing infectious diseases.

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 Rank Nationally

New York ranks #2 in the nation for total academic R&D expenditures

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$3.7 Billion

New York received $3..7B in National Institutes of Health grants in 2021

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#2 in the Nation

New York is second in the nation for higher education degrees in biological sciences.

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.

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]