North Carolina has a vibrant life science industry that is a significant contributor to the state's economy. The life science industry in North Carolina includes biopharmaceuticals, medical devices, diagnostics, and research tools.
The state's life science economic development is a result of a collaboration between industry, academia, and government. The state has invested heavily in research and development, infrastructure, and workforce development to support the growth of the life science industry.
The key components of our value proposition include:
- Training and Talent
- Bioprocess and Analytical Services for Industry
- Business Climate
- Long-term Commitment
North Carolina is also home to several research universities, including Duke University, the University of North Carolina at Chapel Hill, and North Carolina State University. These universities provide a pipeline of talent to the life science industry and collaborate with industry to develop innovative products and technologies.
In addition to academic institutions, the state has several research and innovation hubs, including the Research Triangle Park (RTP). RTP is a 7,000-acre research park that hosts over 300 companies, including several major biopharmaceutical companies. The park provides a collaborative environment for researchers and entrepreneurs to develop and commercialize innovative life science products.
The state also offers tax incentives and other benefits to companies that invest in the life science industry in North Carolina. For instance, the North Carolina Job Development Investment Grant (JDIG) offers financial assistance to companies that create jobs in the state.
In conclusion, North Carolina has a strong life science economic development ecosystem that includes collaboration between industry, academia, and government. The state has invested in various programs and initiatives that aim to support the growth of the life science industry and provide a competitive environment for companies to develop and commercialize innovative products.