California, Massachusetts lead WA in life science funding

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Amelia Havanec

Amelia Havanec Feb 6, 2018

Feb 6, 2018

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                <h1>California, Massachusetts lead WA in life science funding</h1>
                <h2><p>Washington-based life science companies may be prospering, but federal funding for the industry here pales in comparison to what those in California or Massachusetts take home. The Puget Sound Business Journal reports that early-stage life science companies raked in $9.3 million last year from two federal grants from the</p></h2>
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               <p>By <a href="/author/amelia-havanec-crosscut-com/">Amelia Havanec</a></p> 
              <p><time datetime="2025-02-04T05:00:00-08:00">Feb 6, 2018</time></p>
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            <p>Washington-based life science companies may be prospering, but federal funding for the industry here pales in comparison to what those in California or Massachusetts take home. The Puget Sound Business Journal<a href="http://www.bizjournals.com/seattle/blog/health-care-inc/2015/06/washington-state-life-sciences-industry-trails.html?ref=dev.cascadepbs.org"> reports</a> that early-stage life science companies raked in $9.3 million last year from two federal grants from the National Institutes of Health (NIH), just 11% and 21% of what California and Massachusetts raked in from the same programs, respectively.The NIH has a reputation for being one of the largest sources of capital for the research these small companies conduct. Venture funding toward local biotech companies is also <a href="http://www.bizjournals.com/seattle/blog/health-care-inc/2015/04/how-does-washington-states-biotech-industry.html?ref=dev.cascadepbs.org">trailing behind</a>.</p>
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Washington-based life science companies may be prospering, but federal funding for the industry here pales in comparison to what those in California or Massachusetts take home. The Puget Sound Business Journal reports that early-stage life science companies raked in $9.3 million last year from two federal grants from the National Institutes of Health (NIH), just 11% and 21% of what California and Massachusetts raked in from the same programs, respectively.The NIH has a reputation for being one of the largest sources of capital for the research these small companies conduct. Venture funding toward local biotech companies is also trailing behind.

By Amelia Havanec

Amelia Havanec is Crosscut's Science and Tech Fellow. She came to Washington from her home state of Connecticut by way of New York, Florida, California and Michigan in pursuit of the perfect pint. Sh