BIO ENTREPRENEURSHIP

Biotech country
• Although there are bio companies all over the coun
try, the two largest hubs for biotech companies are
in Boston and San Francisco. The U.S. pharmaceutic
al market accounts for 45 percent of the global mar
ket.
Why I choosed this country?

The reason why I go with this country is

among all Biotech industries countries.......
The first leading country is U. S......... So I
choose U. S country for this activity.
• Proclinical, a life sciences recruitment company, eva
luated the worldwide life science industry, taking in
to account country revenue, how innovative the life
science industry is in various countries, and the nu
mber of life science jobs available in both domestic
and international life science companies.
As of 2016, there were 449 public biotechnology
companies in the U.S. This is an increase from
2015 when there were 442 public biotechnology
companies. During that same year there were
2,336 private biotechnology companies
operating in the United States
• 1. Biotech Bay

• Location: San Francisco Bay Area, Northern California

• Northern California claims the largest cluster of biotech
companies in the nation. According to the San Francisco
Center for Economic Development, the Bay Area is hom
e to about 1,377 life science and biotech companies, em
ploying more than 140,000 people. This hotbed is home
to the first biotech company, Genentech, as well as Gilea
d Sciences, McKesson and Bio-Rad Laboratories headqua
rters.
2. Biotech Beach
Location: San Diego, Los Angeles, Orange County,
Southern California

The San Diego region has more than 1,100 life science
companies and more than 80 research institutes, per
the San Diego Regional Economic Development
Corporation. The life science sector in San Diego,
alone, employs more than 42,000 people, with the
average wage in the region coming in at $107,000 for
biotechnology and pharmaceuticals and $99,500 for
biomedical devices and products. Kite Pharms and
Agilent Technologies are both headquartered in this
Southern California hotbed.
3. BioCapital
Location: Delaware, Maryland, Virginia, Washington,
D.C.

According to the Virginia Economic Development

Partnership, the state employs about 23,000 people at
more than 800 companies, including the headquarters
for Owens & Minor, LifeNet Health and Intrexon.
Delaware, home to the 40-acre research center
Delaware Technology Park, features the U.S.
headquarters of AstraZeneca. In Maryland, there are
more than 2,000 life science businesses, according to
the Maryland Department of Business and Economic
Development.
4. BioMidwest
Location: Illinois, Indiana, Iowa, Michigan,
Minnesota, Missouri, Nebraska, Ohio,
Wisconsin

The nine state “Midwest Super Cluster” is

comprised of more than 16,800
biotechnology establishments, employing
more than 377,900 people, according to the
Illinois Biotechnology Industry Organization.
Major players here include Abbott
Laboratories and Hospira.
5. Bio NC
Location: Research Triangle Park, North
Carolina

There are more than 600 life science

companies through North Carolina, with
the majority found in Wake County and the
Research Triangle region. This hub employs
about 63,000 people at an average annual
wage of $80,000, according to Wake County
Economic Development. Industry giants
here include INC Research, GlaxoSmithKline
(GSK) and PPD.
6. BioForest
Location: Idaho, Montana, Oregon, Washington

Spanning the Pacific Northwest, this biotech hotbed

is deeply rooted in Washington. The state, alone,
boasts 191 biopharma companies, 294 medical
device companies and 78 nonprofit research
institutions, employing more 34,000 people,
according to the Washington Department of
Commerce. Jobs at Seattle Genetics and Haggen can
be found here.
7. Genetown
Location: Massachusetts

Massachusetts accounts for 11% of the U.S.-based

drug development pipeline, employing about
60,459 workers, according to the Massachusetts
Biotechnology Council. In the last 10 years,
Massachusetts’s biopharma manufacturing
employment has grown by 28.4%, outpacing the
rest of the country. The average biopharma yearly
salary in this state is $120,628. The three largest
Massachusetts-based biotech firms include Vertex,
Biogen Idec and Alnylam Pharmaceuticals.
8. Pharm Country
Location: Connecticut, New York, New Jersey,
Pennsylvania, Rhode Island
With headquarters in New Jersey, Covance, Merck and
Allergan contribute to the employment of 115,000
workers in the state’s life science sector, according to
Choose New Jersey. According to New York Bio, the
state boasts more than 60% of big pharma national or
global headquarters, including Pfizer, Bristol-Myers
Squibb and Forest Laboratories. Nearby, Boehringer
Ingelheim Pharmaceuticals is stationed in Connecticut.
9. Lone Star Bio
Location: Texas

The Lone Star state is home to more than 3,600

biotech firms, according to the Texas Economic
Development Corporation. These firms employ
more than 92,000 workers at an average yearly
salary of $69,000, making Texas the second in the
nation for employment of life and physical
scientists. Jobs in this hotbed can be found at
Quintiles, Radiant Research and Myriad RBM.
Why Intrepreneurship important to one country's
economy!

Entrepreneurship is important as it has the ability to

improve standards of living and create wealth, not
only for the entrepreneurs, but also for related
businesses. Entrepreneurs also help drive change
with innovation, where new and improved products
enable new markets to be developed.
Bioentrepreneurship is the process of creating value
from life science innovation. It is referred to by
several names including bioscience
entrepreneurship, life science entrepreneurship or
bioscience enterprise. ... Innovation is different from
an idea or an invention.
Benefits as Entrepreneur

A flexible schedule. ...

Autonomy. ...
Creating a career that aligns with your
values. ...
Constant growth and development. ...
Meeting like-minded people. ...
Unexpected and thrilling experiences. ...
Choosing who to work with. ...
Greater self-confidence
 Advantage and disadvantages

If business slows down, your personal income

can be at risk. Work Schedule. The work
schedule of an entrepreneur can be
unpredictable. A major disadvantage to being an
entrepreneur is that it requires more work and
longer hours than being an employee
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