Biotech development is reshaping New Haven here’s why

The biotech industry has physically reshaped downtown New Haven. It’s hard not to feel as if Boston or Cambridge Massachusetts’s Kendall Square has sprouted here. Twenty years ago, there was barely any private lab space in New Haven proper. West Haven was still home to the Bayer campus. The startup scene wasn’t really present, and the site of the new lab tower was a highway spur. Now there are more than two million square feet of lab space in New Haven. Yale alone spins off roughly ten startups every year from its massive patent portfolio. Biotech is booming. According to analysis by AdvanceCT, a nonprofit economic development group, Connecticut ranks second in academic bioscience investment and third in bioscience venture capital funding. The state has the fourth highest number of bioscience patents. New Haven anchors a substantial portion of the state’s biotech real estate market.

https://www.stamfordadvocate.com/business/article/new-haven-biotech-hub-18149787.php

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