BioCrossroads Studies/Reports – Page 2

Indiana’s Health and Life Sciences Talent and Workforce: Developing Strategies to Compete in a Global Economy

Indiana’s vibrant health and life sciences industry is generating significant high quality job opportunities and job growth across a range of skill levels, playing a critical role in Indiana’s ability to innovate and be globally competitive.  According to a new report from TEConomy Partners, with support from Battelle Technology Partnership Practice, Indiana’s Heath and Life Sciences Talent and Workforce: Developing Strategies to Compete in a Global Economy, the health and life sciences industry, has experienced job growth of over 22 percent since 2001, outpacing the rest of the U.S., and accounting for one of every ten private sector jobs in Indiana (a total of 265,000 jobs).  The average wage for these jobs is $70,000 (the life sciences sector alone has average wages of almost $97,000).

(Sources: BioCrossroads, TEConomy Partners)

BioCrossroads 2014 Annual Report

Twelve years ago, Indiana’s uniquely broad and deep community of life sciences industry, academic, philanthropic and public leaders brought together the BioCrossroads coalition to drive further innovation and growth in this leading sector of the 21st-century economy for Indiana—and the nation. By 2014, the BioCrossroads initiative was stronger than ever, with many “points on the board” in achieving key milestones for the progress of the mission: raising successive and return-driven venture capital and seed funds, building unique collaborations, establishing an authoritative data base and marketing strengths, and further developing a one-of-a-kind institute to accelerate research and commercialization. The result is a vibrant life sciences community that has increased its economic impact for the state by more than $27 billion in just 11 years ($32B in 2002 and $59B in 2013, an impressive growth rate with several recession years in the mix).

Re-Examining the Need for Innovation Capital to Advance Life Science Development in Indiana

A new report, commissioned by BioCrossroads and conducted by the Battelle Technology Partnership Practice, takes an in-depth look at Indiana’s capital market and the innovation outputs that have resulted over two different time frames: 1993 to 2002 and 2003 to 2013.  It also provides a view of future opportunities for investment growth.

The Life Science Innovation Capital in Indiana report shows gains in innovation dollars as well as an increase in life sciences innovation capital that outpaced the nation between 2003 and 2013.

(Source: BioCrossroads, Battelle Technology Partnership Practice)

BioCrossroads 2013 Annual Report

2013 A Transformative Year

Indiana’s life sciences sector has made great strides forward over the last decade, but 2013 broke the mold for accelerating progress. Since 2002, BioCrossroads has seen tremendous growth within the life sciences industry; has increased collaboration among industry, research universities, philanthropic organizations and local government; has seen a greater focus on moving research from laboratory to the patient, and has garnered national recognition for leadership in the life sciences ─ all essential elements for advancing the sector. But in 2013 the momentum reached a new and energetic height with the announcement of the Indiana Biosciences Research Institute (IBRI), the first industry-led collaborative life sciences research institute in the country.

(Source: BioCrossroads)

Economic Impacts of IN Public/Private Hospitals and Outpatient Care Centers

A new report, “The Economic Impacts of Indiana’s Public and Private Hospitals and Outpatient Care Centers” commissioned by BioCrossroads and prepared by Battelle Technology Partnership Practice, shows that healthcare systems employ more than 150,000 Hoosiers throughout the state and drive a $31.3 billion economic impact. In all, traditional life sciences jobs (drugs and pharmaceuticals, medical equipment and devices and research and laboratory testing), along with employment in food and agricultural service, information technology, and healthcare delivery account for 825,000 employees and more than $13.25 billion in annual wages in Indiana today.

(Source: BioCrossroads)

Healthcare Driven Innovation

Through this initial assessment, BioCrossroads is seeking to provide perspective on the major Central  Indiana  healthcare  systems, summarize  the  major  factors  that  are  influencing  care  delivery  and  innovation today and begin to identify opportunities for Indiana‐based hospital systems to identify and  leverage innovative technology developed by their clinicians to improve the quality and efficiency of  care leading to better patient outcomes and cost savings.

(Source: BioCrossroads)

Indiana Life Sciences Industry Report

A rapidly growing life sciences industry has a $44 billion total impact on Indiana’s economy, according to a comprehensive new report released today by BioCrossroads. The report, Indiana’s Life Sciences Industry: 2002-2010—Tracking Progress and Charting the Course for Continued Success, authored by Walter H. Plosila, Ph.D., and based on data gathered by the Indiana Business Resource Center at the Indiana University Kelley School of Business, illustrates a decade of substantial growth and measurable progress across a wide range of nationally significant indicators.

(Source: BioCrossroads)