Economic Impact of Health Research
Investment: Funding sources for overall research and development (2007)
| Source of R&D Funding | Investment | State Rank |
| Federal Government | $826,000,000 | 25 |
| Industry | $4,713,000,000 | 15 |
| Universities | $281,000,000 | 12 |
| Non-profit | $68,000,000 | 16 |
| Other * | $93,000,000 | 13 |
| Total | $5,980,000,000 | 18 |
* Other represents funding from state and local governments and funding for Federally Funded Research and Development Centers from non-federal sources.
Source: National Science Foundation, National Patterns of R&D Resources, 2008
Population (2011)
| Residents | State Rank | |
| Population, June 1, 2011 | 6,483,802 | 15 |
Source: U.S. Census Bureau, 2010 Census Data
Economic Impact: Statistics for research-driven health industries (2008)
| Industry | Employment | Annual Salary |
| Pharmaceutical | 18,822 | $116,986 |
| Medical Device | 20,868 | $59,690 |
| Research, Testing, and Laboratories | 8,008 | $62,484 |
| Overall Private Sector | 2,463,194 | $38,457 |
Source: Battelle and Biotechnology Industry Organization (BIO), BIO State Bioscience Initiatives, 2010
Highlights from local economic impact studies
United for Medical Research's 2011 study, An Economic Engine, shows that in 2010, NIH invested $361,000,000 in Indiana, producing 7,578 new jobs.
According to the most recent BioEnterprise Midwest Healthcare Venture report, over $25,000,000 was invested in Indiana's biotechnology companies in 2010.
The Association of American Medical Colleges reports that the member medical schools and teaching hospitals in the state had a combined economic impact of $8.0 billion and a total employment impact of 52,000 in 2008.
In FY 2004-2005, spending at Purdue University had a total economic output of more than $2.9 billion in Indiana and supported 44,000 jobs.
The health industry in Indiana generated a total of $69.5 billion in economic output and supported more than 578,000 Indiana jobs in 2003.
Indiana University employs more than 18,000 people and spends more than $145 million on goods and services from Indiana vendors. IU received $737 million in research funding during 2000-2002 and this funding supported 30,500 Indiana jobs.
The Indiana University Research & Technology Corporation reports that more than 80 patents were filed in FY 2006 and the Indiana University Emerging Technologies Center has created over 350 high-tech jobs in its 3-year existence.
