LIFE SCIENCES
Leading the Way in Life Sciences
Collaborative Life Sciences Community
Collaborative Life Sciences Community
Life sciences companies thrive when supported by a strong, collaborative scientific and technical community, and Maryland delivers exactly that. What sets our ecosystem apart? We’re home to the Food and Drug Administration (FDA), National Institutes of Health (NIH) and twice as many federal labs as any other U.S. state. Here, innovation is fueled by top-tier universities, a highly skilled workforce, and statewide initiatives that accelerate success in life sciences.
As one of the nation’s largest life sciences clusters, Maryland is the premier location for more than 3,400 life sciences businesses. Powering these businesses is one of the nation’s highest concentrations of PhDs and engineers, along with a healthy pipeline of professional and technical workers. Already known for its legendary workforce, Maryland became a beacon for its collaborative and innovative culture during the pandemic.
As one of the nation’s largest life sciences clusters, Maryland is the premier location for more than 3,400 life sciences businesses. Powering these businesses is one of the nation’s highest concentrations of PhDs and engineers, along with a healthy pipeline of professional and technical workers. Already known for its legendary workforce, Maryland became a beacon for its collaborative and innovative culture during the pandemic.
Maryland is one of the most intelligent states in the nation. Our life sciences talent pool is deep and expanding thanks to 57 colleges and universities, including: Johns Hopkins University, those in the University System of Maryland, four HBCUs, and a network of community colleges with custom training programs. Beyond education, forward-thinking programs across the state are preparing professionals for realworld impact. From the lab to the production line, Maryland’s workforce is not only educated, but work-ready.
Maryland offers proximity to a powerhouse supply of research and development— more than 74 federal laboratories— including the National Institutes of Health, National Institute of Standards and Technology and the Food and Drug Administration. Other major assets include more than 50 top universities, many with thriving university research parks, and 50+ incubators, accelerators and co-working spaces for Maryland innovators and international entrepreneurs.
Maryland offers proximity to a powerhouse supply of research and development— more than 74 federal laboratories— including the National Institutes of Health, National Institute of Standards and Technology and the Food and Drug Administration. Other major assets include more than 50 top universities, many with thriving university research parks, and 50+ incubators, accelerators and co-working spaces for Maryland innovators and international entrepreneurs.
Life Sciences Companies
Life Sciences Companies
Genetic Engineering and Biotechnology News, 2024
The state’s life sciences establishments generate $20.7 billion in economic activity, and are awarded over a billion dollars in federal contracts annually.
The state’s life sciences establishments generate $20.7 billion in economic activity, and are awarded over a billion dollars in federal contracts annually.
Therapeutic Areas of Interest
Therapeutic Areas of Interest
Investments That Power Innovation
Being in Maryland connects you to key funding opportunities, including:
• Biotechnology Investment Incentive Tax Credit (BIITC), designed to help companies attract investment by offering the investor a tax credit that’s 33% or more of an eligible investment.
• State grants and various funding programs from state-backed the Maryland Technology Development Corporation (TEDCO) give life sciences companies a boost, including Small Business Innovation Research (SBIR) match programs.
• Maryland leads the nation in R&D awards, with life sciences businesses receiving more than $2 billion annually.
Premium Position With Affordable Costs
Centrally located on the Eastern seaboard and neighboring Washington D.C., place your business within the nation’s prime commercial corridor and within reach of key federal agencies. This unparalleled access is available at a much lower cost than other top U.S. markets. Consider:
• When it comes to cost of living, San Francisco and New York City are 1.7 times more expensive than Baltimore, and Boston is 1.4 times more expensive.
• Lab space in the Baltimore-D.C. region averages $44/sq. ft, compared to $88/sq. ft in Boston-Cambridge, $78/sq. ft in San Francisco, and $106/sq. ft in New York City.
Maryland’s thriving life sciences ecosystem supports success in the development of commercial solutions for patients and healthcare systems, including: Build the Future With Us
• Computational health
• Drug discovery
• Personalized medicine
• Brain-computer interface
• Digital health
EXPLORE THE MARYLAND
SCIENCES DIRECTORY
• Vaccines
• Therapeutics
• Molecular diagnostics
• Medical devices
• Cell and gene therapy
• Explore 1,800 life sciences companies, investors, service providers and federal facilities
• Examine industry sector statistics, map companies and accelerator programs
• Increase connections and find partners for research, manufacturing or supplies
• Visit: business.maryland.gov/lifesciencesdirectory
For more information about Life Sciences in Maryland visit: Business.Maryland.gov/lifesciences
Stefanie Trop, Ph.D. | Director, Life Sciences stefanie.trop@maryland.gov | 443-610-7436