More momentum in life sciences

Friday, October 31, 2008 by Mark Miles

The volume of federal research funding that a state or region is able to attract is often a good indicator of its strength in certain knowledge-based industries: Landing public grants demonstrates aggressive research institutions, active academic-industry collaborations, and the capacity to achieve the technological advances and scientific breakthroughs that often translate into new business opportunities.

 

So it’s excellent news that Indiana ranks 10th among states for growth in its National Institutes of Health (NIH) funding between 2002 and 2006, expanding our share of federal dollars by more than 21%.  NIH funding is seen as one strong indicator of life sciences research activity, and this tremendous growth shows the momentum being generated by our research universities and other public and private partners.  This is one factor that has led to Indiana again ranking among the top three most significant and diverse life sciences economies in the nation, according to the Battelle Memorial Institute and BIO.  (Hat-tip to SSTI - view the NIH rankings here.)

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