Science Market Update

Life science funding creates opportunites and growth in Massachusetts

Posted by Jennifer Nieuwkerk on Wed, May 08, 2013

The Massachusetts Life Sciences Center recently announced that it will be giving $9 million in grants to Harvard Medical School and Boston Children’s Hospital to update research labs. Harvard Medical School will be receiving $5 million of the money and plans to use the research funding to create a Laboratory of Systems Pharmacology, which will be multidisciplinary in nature and will help to supply better information on clinical trials while drugs are in the process of development. Boston Children's Hospital will use the $4 million it receives from the state to establish the Children’s Center for Cell Therapy, which will include renovating labs to create specialized stem cell culturing facilities.

According to The Boston Globe, Lieutenant Governor Timothy Murray said in a statement, “This funding is part of the Massachusetts Life Sciences Center’s overall efforts to collaborate with academia and the business community to enhance research, workforce training, and job creation in the life sciences.”

The Massachusetts Life Sciences Center plans to give $1 billion over the next ten years to invest in Massachusetts’s life sciences industries. Governor Deval Patrick has made life science funding in Massachusetts a high priority. So far this year, the Massachusetts Life Sciences Center has announced over $9.35 million in grants to life science projects in the Boston area.

 

Harvard University

Harvard University

Image courtesy of Joseph Williams and Wikimedia Commons

 

Biotechnology vendors and lab suppliers in Boston will find a great deal of lab sales leads at Harvard University, especially taking into consideration this $5 million grant and the latest NSF and NIH research funding statistics. In 2012, the NSF gave Harvard University $55.3 million in research funding. The money was distributed among a number of projects in the science research field. These programs of study include bio informatics, molecular biophysics, evolutionary processes, ecosystem science, systematics and biodiversity science, population and community ecology, developmental systems, cellular dynamics and function, and genetic mechanisms.

In addition to Harvard University receiving NSF research funding, the NIH website says it awarded Harvard University $392 million in research funding in 2012. The funding was distributed among a number of different departments at the university, including anatomy and cell biology, biochemistry, biology, biomedical engineering, biostatistics, internal medicine, microbiology and veterinary sciences, to name just a few.

Given these latest research funding statistics, lab suppliers may be interested to know that life science marketing events that are held at Harvard University help increase lab sales leads in Boston. Biotechnology Calendar, Inc. invites all biotechnology vendors to meet lab managers, science researchers and purchasing agents at our Boston BioResearch Product Faire™ Event.

Biotechnology Calendar, Inc. is a full-service life science marketing events company that organizes trade shows at top research universities across the country. For more information on our Boston BioResearch Product Faire™ Event, or to view more funding statistics for Harvard University, click on the button below. If you’d like to obtain lab sales leads at life science marketing events in research markets closer to home, we encourage you to check out our 2013 calendar of events.

 

 

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Tags: 2014, Harvard University, 2013, Northeast, Life Science Funding, Massachusetts, Boston, BioResearch Product Faire Event, Research Funding, MA, Harvard, Harvard Medical School, life science marketing events, lab sales leads

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