Blog Post #4: Indiana University and Indiana Life Science Cluster
Our previous post has discussed Regionalism and clusters as a tool for economic development and the role of the university in the process. Through our Innovate Indiana initiative, Indiana University has played a significant role in economic development and innovation, particularly with respect to life sciences.
As introduced in the previous post, life sciences in Indiana has developed into a significant industry cluster with a concentration of more than 50 companies and over 52,800 people working within the state’s life science-related companies. In fact, Indiana job growth in life sciences has outpaced national life science job growth since 2001. This is in large part due to the cluster-focused initiatives of BioCrossroads, the state’s leading catalyst promoting the continued growth of Indiana’s life sciences industry.
Indiana University continues to support the state’s life sciences in a myriad of ways. With its world class expertise is medicine, health care, and the sciences, IU has played a significant contributing role in advancing the development of the infrastructure and resource base of Indiana’s life sciences cluster. This cluster stands today as one of the Indiana’s leading economic engines to spur new growth benefitting the state.
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