The Denver-Boulder region is becoming a major hub for the life sciences industry, due to a surge in venture capital and government funding, a collaborative research environment and a booming market for lab space.
The Denver-Boulder region is rapidly emerging as a major hub for the life sciences industry, attracting companies that develop cutting-edge medical treatments and technologies.Life sciences research aims to understand living things, from cells to our planet, to improve health, food and the environment. The funding growth is being fueled by a combination of factors: a surge in venture capital and government funding, a collaborative research environment and a booming market for lab space.
The report also found the pool of qualified workers in life sciences is growing much faster in the region than the national average, growing 35% over the past five years, compared to 16% growth for the U.S. overall.The recent surge in venture capital flowing into Denver-Boulder builds on the area's proven track record of success over the past several decades.
" nucleated investment in the Boulder area," he said."Now, those companies that commercialized those products, they reinvested in Boulder." "Our goal here at the Center for Drug Discovery is to function as a bridge to move innovation from academia, to industry, and then to the clinic," LaBarbera told CNBC.