Economic Impact of Health Research
Investment: Funding sources for overall research and development (2008)
|Source of R&D Funding||Investment||State Rank|
Source: Calculated from National Science Foundation, Science & Engineering Indicators, 2012
|Wisconsin ||Residents||State Rank|
|Population, June 1, 2011||5,686,986||20 |
Source: U.S. Census Bureau, 2010 Census Data
Economic Impact: Statistics for research-driven health industries (2008)
|Medical Device||11,800 ||$71,015 |
|Research, Testing, and Laboratories||6,454||$62,745 |
|Overall Private Sector||2,387,924 ||$38,752 |
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 $407,000,000 in Wisconsin, producing 8,263 new jobs.
Created in 2007 by the University of Wisconsin-Madison College of Agricultural and Life Sciences, the Wisconsin Bioenergy Initiative (WBI), seeks to cultivate bioenergy expertise within the U-Wisconsin community. As a university-based coalition, WBI seeks to create, commercialize and promote biobased solutions.
According to the latest BioEnterprise Midwest Healthcare Venture report, in 2010 over $51,000,000 was invested in Wisconsin's bitechnology companies.
The Association of American Medical Colleges reports that the member medical schools and teaching hospitals in the state had a combined economic impact of $8.5 billion and a total employment impact of 42,800 in 2008.
According to the Wisconsin Technology Council, $883 million was spent on academic research and development in 2003. This supported nearly 31,800 jobs in the state.
The University Research Park houses 114 companies, the majority of which were founded based on research from the University of Wisconsin-Madison. The park contributes more than $680 million to the state economy each year and supports 9,100 jobs in the state.
The University of Wisconsin System contributes $9.5 billion to the state economy and supports 150,000 state jobs.
In 2002, the University of Wisconsin-Madison contributed $4.7 billion to the region and supported 75,000 jobs in the state.