Life Science Company and Industry News Briefs

$193M in NIH Funding Makes Harvard a $1B Market For Lab Suppliers

Posted by Robert Larkin on Mon, May 11, 2015


Lab supply and equipment vendors: Have you considered Harvard Medical as a potential market for your lab products? As a top-level medical research facility, Harvard is among the most well funded and active life science research institutions in the nation, with over $1 billion in annual research funding for the past three years running.

Among the top contributors to life science research at Harvard is the National Institutes of Health, who gave 386 awards worth over $193.6 million to Harvard researchers in FY 2014.

Every year, hundreds of millions of dollars in grants are awarded scientists at Harvard in order to further important research in numerous life science fields. 

Harvard Medical School 2014 NIH funding by department:
ADMINISTRATION: $5,210,984      
BIOCHEMISTRY: $19,684,433        
BIOLOGY: $29,303,124       
CHEMISTRY: $1,737,021    
DENTISTRY: $6,035,368     
GENETICS: $21,061,096     
NEUROLOGY  $2,590,710   
OTHER HEALTH PROFESSIONS: $7,903,345        
OTOLARYNGOLOGY: $893,045       
PATHOLOGY: $4,777,487    
PSYCHIATRY: $1,299,828   
VETERINARY SCIENCES: $3,255,241        
NONE: $4,023,152
MISCELLANEOUS: $8,600,839       
Total:  $193,646,024

More funding statistics from Harvard Medical School:

  •       Philanthropist Len Blavatnik donated $50 million in a multi-year grant to fund scientific research.
  •       Harvard Med School has more than $26 billion in endowments.
  •       Harvard Medical Center for Biomedical Informatics received 2 grants totaling $28 million to continue the study of neuropsychiatric illness and new approaches to precision medicine. 

HarvardThis rapidly expanding marketplace is home to the most popular and best-operating biotechnology trade show events in the nation. Thousands of researchers at Harvard Medical are constantly looking for new biotech and lab supplies, and the best place to reach them is at the 9th Annual BioResearch Product Faire™ Event at Longwood Medical on June 10, 2015.

Last year, the BioResearch Product Faire™ Event at Longwood Medical attracted hundreds of attendees from 27 different research buildings and 53 on-campus departments.

Lab vendors and biotechnology companies interested in capitalizing on the lucrative Harvard Medical life science market will be attending this industry-leading event to promote their products. Don’t miss out on this opportunity to gain market exposure for your lab products by exhibiting your products with us.

This event is held on-campus at Longwood Medical and attracts active researchers on their home turf. For more information about marketing directly to prominent researchers on-campus at Harvard University, click here:

Learn More About  Exhibiting in Boston

Enter to win free exhibit space drawing

Tags: Longwood Medical, Massachusetts, 2015, Boston, MA, Harvard, Harvard Medical School

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