Boston: A Hub of Innovation and Unmatched Opportunity

Home to World-Class Healthcare Institutions

These institutions attract top medical professionals, researchers, and experts in various fields, contributing to the wealth of knowledge and expertise in the life science industry.

Strong Academic and Research Environment

The city is renowned for its universities and research institutions, such as Harvard and MIT, fostering a culture of innovation, driving advancements in healthcare research.

Access to Funding Opportunities

Boston offers access to a wide range of funding opportunities for companies through investors, government grants, and philanthropic foundations, enabling them to drive meaningful impact.

Thriving Biotech and MedTech & Digital Health Ecosystem

Boston has a vibrant biotechnology and medical technology ecosystem, focused on developing innovative solutions for patient care, leading to the rapid development of cutting-edge therapies and technology.

+ 1,800

Biotech/pharma companies operating in the state of Massachusetts, most of them concentrated in the Boston Greater Area.

+ $87 B

Contribution of the life sciences industry in 2020 to the Massachusetts’ economy. 

+ 50

Hospitals, including renowned institutions such as Mass General Hospital, Brigham and Women's Hospital, and Boston Children's Hospital.

+ 114,000

People working currently in the industry, with the majority of the jobs located in the Boston area.

Very Robust Nonprofit Sector

Numerous patient associations, advocacy groups, and foundations operate in the city, actively working towards improving patient outcomes, influencing healthcare policies, providing support and partnering with to companies.

+ $95 B

Total revenue generated by the nonprofit sector in a recent year.

+ 33,000

Nonprofit organizations registered in Massachusetts, including patient associations.

+ 150,000

Individuals employed by the nonprofit sector in Massachusetts.

+ $8 B

Charitable giving donated in a recent year to all kind of nonprofit organizations based in the state of Massachusetts.