2018 Georgia Ecosystem Report Underway

In October 2018, Georgia Bio in partnership with the Georgia Global Health Alliance will be releasing a comprehensive state-of-the-industry report and analysis. This report will be of great value to anyone involved or interested in Georgia’s bioscience, medtech & digital health industries by identifying our core strengths and assets.

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BIO National Bioscience Report:The Value of Bioscience Innovation in Growing Jobs and Improving Quality of Life 2018

A Report from TEConomy & the Biotechnology Innovation Organization

This eighth, biennial report focuses on the economic progress and footprint of the industry geographically including the performance, positioning and latest trends in the bioscience industry for the nation, states and metropolitan areas. For the first time, it includes a national assessment of the full economic impact of the bioscience industry not only in terms of employment, but also with respect to economic output and fiscal impacts. In addition, the report details the nation’s academic research activities and trends in federal funding, access to critical angel and venture capital and the innovation outputs context via patent activities.

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Georgia Summary

Georgia is home to a large bioscience industry that has grown at a rapid pace in recent years. The state’s bioscience firms have grown their employment base by 10.6 percent since 2014 and employed just over 32,000 in 2016. Companies have also expanded their establishment count by 16 percent during this same period and now operate 2,431 across the state. Four of the five major industry subsectors have increased employment during the 2-year period. Georgia’s research universities conducted nearly $1.1 billion in bioscience-related academic R&D in 2016; funded, in part, by a growing base of NIH awards that reached $537 million in FY 2017.

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