Biotech

$3.9B

Led the Nation in National Institutes of Health Funding in 20171

#1

State for Bioscience Patents2

Biotech

California has a history of leading innovations in life-saving biomedical technologies. We are the long-time home to the nation’s number 1 biomedical sciences research institution3 and at nearly $4 billion annually4, California’s universities lead the US in earned National Institutes of Health grants.

California’s life sciences industry generates nearly 1 million direct and indirect jobs5 and over $177 billion in annual revenue6. More bioscience and biotechnology patents are issued to California companies and researchers than any other state. California leads the pack across the board for patent generation7 from microbiology and genetics to bioinformatics and health IT – creating more than 2.5 times as many patents as the next ranking state8.

California bioscience companies saw over $28 billion in venture capital investment from 2014-2017, more than any other state9, and our businesses have 1,300+ therapies in the development pipeline10. These investments keep California at the forefront of biotech innovation.

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29 Community Colleges with Biotech Training Programs11

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1,570 Biotech and Pharmaceutical Companies12

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$25.2B Biomedical Exports in 201713

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.