Capital investments and productivity drive growth in Indiana’s life sciences industry in 2021

2022-03-25T15:20:47-04:00March 25, 2022|

INDIANAPOLIS, (March 25, 2022) -- Indiana’s vibrant and unique life sciences industry continues to make a significant impact on the state, contributing more than $79 billion in economic impact in 2021. A record amount of venture capital was raised by Indiana start-ups for the second straight year – increasing from $262 million in 2020 to $434 million in 2021. In addition, the value of exports per worker grew by almost $25,000 – from $192,000 in 2020 to nearly $217,000 in 2021. BioCrossroads today unveiled its latest economic statistics for Indiana’s life sciences, provided by Indiana Business Research Center (IBRC) at the Indiana University Kelley School of Business. Other key indicators and statistics for 2021 include: More than $12.7 billion of products were exported from the state, the highest amount ever recorded. Indiana has the third highest amount of exports in [...]