Currently, an average of 10 bioscience companies are formed each year based on technologies developed at the University of Colorado.
Bioscience
Boulder has a significant presence in the bioscience industry that emerged from research conducted at the University of Colorado at Boulder. Over the past forty years, the area has developed a high concentration of companies in the Pharmaceuticals and Biotechnology and Medical Devices and Instruments industry sectors. Currently, there are over 100 biosciences companies in the Boulder area, including Agilent Technologies, Amgen, Array BioPharma, Covidien, Dharmacon, Roche and Somalogic. Local employment in the bioscience industry is six times the national average.
In addition to support through the University of Colorado, Boulder bioscience companies benefit from the area’s proximity to major medical research facilities including one of the nation’s newest and largest medical complexes featuring the Fitzsimons Life Science District and Anschutz Medical Campus and an active professional association, the Colorado Bioscience Association.
| Number of Firms | 186 |
|---|---|
| Number of Employees | 8,764 |
| Average Wages | $94,055 |
| Concentration (location quotient) | 6.4 |
Source: University of Colorado Business Research Division (2006)
