Facts and figures
• Employment: Compounded annual growth rate was 1.0% between 1990 and 2000-below the national average of 2.0%
• Patents: 11.2 per 10,000 workers in 2000-above the national average of 7.5-but growth rate in the 1990s was 2.5% compared to 4.1% for the nation
• Venture capital: Funding in 2002 was $106 per worker, slightly lower than the national average of $125
• Fast-growth firms: NJ averaged 3.9% of all
Between 1990 and 2000, 5,403 net new jobs were added to the NJ life sciences industry. Some businesses fared better than others (each bar segment represents 1,000 jobs gained or lost):
Noncommercial research org.
Patent owners and lessors
Biol. products, excl. diagnostic
X-ray apparatus and tubes
Surgical appliances and...
Going Way Back
The life sciences industry has had a strong presence in New Jersey for over a century. Here are some milestones:
Source: Institute for Strategy and Competitiveness Cluster Mapping Project, via Michael E. Porter and Monitor Company Group
- Francesco Fiondella