state for NIH funding1


of U.S. life sciences patents in 20232


in VC raised in 20232


California has a history of leading innovations in life-saving biomedical technologies. At over $5.3 billion annually, California institutions lead the nation in National Institutes of Health (NIH) funding.1.

California’s life sciences industry directly employs 466,888 workers and generates over $414 billion in annual economic output.1. More bioscience and biotechnology patents are issued to California companies and researchers than any other state. California leads across the board in patent generation, accounting for 40 percent of U.S. life sciences patents filed in 2023.2.

California life science companies raised over $34.1 billion in VC investment in 2023, far more than any other state.2. These investments keep California at the forefront of biotech innovation.

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91,000 life sciences degrees conferred in 20222

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16,576 life sciences establishments2

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#1 state exporter of medical equipment and supplies2

Popular Programs

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California Competes Tax Credit

The California Competes Tax Credit is an income tax credit available to businesses who want to relocate, stay, or grow in California. Our team provides no-cost consultations to see if your business qualifies.

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Research & Development Tax Credit 

A business may qualify for an income tax credit if it paid for or incurred qualified research expenses while conducting qualified research activity in California. Qualified research expenses include wages, supplies, and contract research costs.

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Employment Training Panel

The Employment Training Panel (ETP) provides funding to employers for training that upgrades the skills of their workers.