That will spill over into adjacent towns and throughout the state as well.” “The investments that have been made in the past and will continue to be made in New Haven will have a magnifying effect statewide. “All of this creates momentum,” said John Bourdeaux head of business development for Advance CT. New Haven anchors a substantial portion of the state's biotech real estate market. The state has the fourth highest number of bioscience patents. Biotech is booming.Īccording to analysis by AdvanceCT, a nonprofit economic development group, Connecticut ranks second in academic bioscience investment and third in bioscience venture capital funding. Yale alone spins off roughly ten startups every year from its massive patent portfolio. Now there are more than two million square feet of lab space in New Haven. The startup scene wasn’t really present, and the site of the new lab tower was a highway spur. West Haven was still home to the Bayer campus. Twenty years ago, there was barely any private lab space in New Haven proper. It’s hard not to feel as if Boston or Cambridge Massachusetts’s Kendall Square has sprouted here. The biotech industry has physically reshaped downtown New Haven. Just up the street, construction is nearing completion on the 101 College Street laboratory tower. “In the year they’ve been here the companies have raised over $20 million and added 38 employees,” said Kim Kelly, vice president at Biotech, a nonprofit that supports bioscience growth that is working with New Haven Innovation Labs.
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