The San Francisco Bay Area is the top market in the world for development of the neurotechnology industry
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Silicon Valley/San Jose Business Journal - 10:49 AM PDT Monday
Bay Area top market for neurotechnology industry
The San Francisco Bay Area is the top market in the world for development of the neurotechnology industry, according to a report released Monday.
NeuroInsights Neurotech Nexus Report lists the Bay Area as the leading market for investment, research and product development, followed by Boston, San Diego and London/Cambridge, England.
Neurotechnology refers to drugs, medical devices and other technology to diagnose and treat brain diseases. Regional economic development in neurotechnology can capture some of the estimated $87 billion in revenue from neuropharmaceuticals, $2.8 billion from neurodevices and $12 billion from neurodiagnostics.
"Big economic payoffs will accrue to communities that successfully nurture the emerging 'brain industry,'" said Zack Lynch, managing director of NeuroInsights.
The Neurotech Nexus Report evaluated 20 regions worldwide according to factors such as the concentration of neurotech companies, access to risk capital and social institutions to support future innovation.
Rounding out the top ten regions are:
5. Metro New York City
6. Metro Raleigh-Durham, N.C.
7. Los Angeles
8. Metro Philadelphia
9. Shanghai, China
10. Stockholm, Sweden
Silicon Valley/San Jose Business Journal - 10:49 AM PDT Monday
Bay Area top market for neurotechnology industry
The San Francisco Bay Area is the top market in the world for development of the neurotechnology industry, according to a report released Monday.
NeuroInsights Neurotech Nexus Report lists the Bay Area as the leading market for investment, research and product development, followed by Boston, San Diego and London/Cambridge, England.
Neurotechnology refers to drugs, medical devices and other technology to diagnose and treat brain diseases. Regional economic development in neurotechnology can capture some of the estimated $87 billion in revenue from neuropharmaceuticals, $2.8 billion from neurodevices and $12 billion from neurodiagnostics.
"Big economic payoffs will accrue to communities that successfully nurture the emerging 'brain industry,'" said Zack Lynch, managing director of NeuroInsights.
The Neurotech Nexus Report evaluated 20 regions worldwide according to factors such as the concentration of neurotech companies, access to risk capital and social institutions to support future innovation.
Rounding out the top ten regions are:
5. Metro New York City
6. Metro Raleigh-Durham, N.C.
7. Los Angeles
8. Metro Philadelphia
9. Shanghai, China
10. Stockholm, Sweden
posted by Solano EDC at 11:31 AM
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