Indiana solidifies leadership in Life Sciences with remarkable growth in 2023

2024-05-08T11:33:04-04:00May 6, 2024|

With a $95 billion economic contribution and significant advancements over the past year, Indiana solidifies its position as a global leader in life sciences. INDIANAPOLIS — In a year marked by incredible accomplishments, Indiana's life sciences industry once again demonstrated its capacity for substantial economic contribution and pioneering innovation, successfully securing $5.5 billion in capital investment in 2023, despite global economic challenges. This funding underscores the state's resilience and commitment to maintaining a thriving life sciences sector, which contributed $95 billion to Indiana’s economy last year alone. The breakdown of the 2023 investments is as follows: $8.2 million in SBIR/STTR funding awarded to 17 companies, $287.5 million in Venture Capital invested in 34 companies, $160.7 million accessed through public markets by three companies, Nearly $3.5 billion in mergers and acquisitions related to Indiana life sciences companies, $1.5 billion in capital [...]