RHODE ISLAND. Bioscience Performance Metrics. Rhode Island Page 1
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1 RHODE ISLAND Rhode Island has a specialized employment concentration in two growing bioscience industry subsectors drugs and pharmaceuticals (location quotient of 1.) and medical devices and equipment (1.19). Total academic bioscience research and development expenditures were $10 million in, led by medical sciences and biological sciences. Rhode Island institutions received $176 million in funding from the National Institutes of Health in following strong funding increases since. The State is a leader in per capita NIH funding. Total venture capital invested in Rhode Island bioscience companies during the last six years was $231 million, mainly in the biotechnology research, medical therapeutics, and human biotechnology sectors. Rhode Island s 369 bioscience patents over the same six year period were concentrated in surgical and medical instruments and drugs and pharmaceuticals. Bioscience Performance Metrics Summary of State Performance in Selected Bioscience related Metrics Metrics Rhode Island United States Rank* Bioscience Industry, Total Bioscience Industry Employment, 4,22 1,420,324 V Bioscience Industry Location Quotient, 0.95 n/a II Biosciences Industry Establishments, ,593 IV Academic R&D Expenditures, FY Bioscience R&D ($ thousands) $107,523 $31,1,10 41 Bioscience Share of Total R&D 45.4% 61.3% 45 Bioscience R&D Per Capita $ $ Change in Bioscience R&D, FY % 22.3% 21 NIH Funding, FY Total, Including ARRA Funds ($ thousands) $176,432 $25,37, Per Capita Funding $ $ Change in Baseline Funding, FY 09** 14.2% 4.7% 6 Change in Total Funding, FY % 14.6% 14 Clinical Trials, Initiated 145 5, Higher Education Degrees in Bioscience Fields, AY ,11 39 Employment in Bioscience related Occupations, 1, , Bioscience Venture Capital Investments, 09 ($ millions) $231.4 $60, Bioscience and Related Patents, , *State ranking figures for bioscience industry employment metrics are calculated as quintiles (I=Top Quintile; V=Bottom Quintile). All other metrics are ranked **Baseline Funding does not include American Recovery and Reinvestment Act (ARRA) funds for. For source notes, see end of State Profile. Rhode Island Page 1
2 Bioscience Industry Base, INDUSTRY SUBSECTOR Rhode Island United States Change Change AGRICULTURAL FEEDSTOCK & CHEMICALS Establishments % 2, % Employment % 114, % Location Quotient 0.25 n/a Direct Effect Employment Multiplier Total Employment Impact 401 1,24,650 Average Annual Wage $64,672 $72,279 DRUGS & PHARMACEUTICALS Establishments % 2, % Employment 1, % 311,2 2.3% Location Quotient 1. n/a Direct Effect Employment Multiplier Total Employment Impact,356 2,73,27 Average Annual Wage $5,940 $93,37 MEDICAL DEVICES & EQUIPMENT Establishments 7 0.7% 15, % Employment 1, % 435, % Location Quotient 1.19 n/a Direct Effect Employment Multiplier Total Employment Impact 4,615 2,029,51 Average Annual Wage $51,746 $63,606 RESEARCH, TESTING, & MEDICAL LABORATORIES Establishments % 27, % Employment 1, % 55, % Location Quotient 0.69 n/a Direct Effect Employment Multiplier Total Employment Impact 2,737 1,53,127 Average Annual Wage $67,315 $0,75 TOTAL BIOSCIENCES INDUSTRY Establishments % 47, % Employment 4,22 39.% 1,420, % Location Quotient 0.95 n/a Direct Effect Employment Multiplier Total Employment Impact 16,10,040,636 Average Annual Wage $67,026 $77,595 TOTAL PRIVATE SECTOR Establishments 35,11 6.7%,60, % Employment 407, % 113,917, % Average Annual Wage $41,093 $45,229 Note: U.S. employment metrics include Puerto Rico. Estimates of total employment impacts do not include Puerto Rico. Rhode Island Page 2
3 Bioscience Performance Metrics Bioscience Academic R&D Expenditures in Rhode Island, FY NIH Awards in Rhode Island, Medical $40,971 $133 Biological $33,366 $132 Agricultural Life $12,237 $1,567 $133 $145 $141 Bio/Biomedical Engineering $2,32 ARRA $176 $0 $10,000 $20,000 $30,000 $40,000 $50,000 Academic R&D Expenditures ($ Thousands) $0 $50 $100 $150 $200 NIH Funding ($ Millions) Recent Clinical Trial Activities Clinical Trials by Phase in Rhode Island, Clinical Trials by Major Category in Rhode Island, 40 3 Phase I Phase II Phase III Phase IV Clinical Trials 0 Cancer Circulatory Heart Infectious Category Neurologic Nutritional & Metabolic Rhode Island Page 3
4 Bioscience Talent Base Bioscience related Occupational Employment in Rhode Island, Bioscience related Degrees in Rhode Island, AY Agricultural, Food, & Nutrition Science Biological Bio Medical & Engineering Cancer Circulatory Heart Infectious 1 Neurologic Nutritional & Metabolic Medical & Veterinary Life Science Fields Associate's (AA/AS) Bachelor's (BS/BA) Master's (MS/MA) Doctorate (PhD) Category Degrees Bioscience Venture Capital Bioscience related Venture Capital Investments in Rhode Island, Bioscience related Venture Capital Investments in Rhode Island by Segment, $11.1 Biofuels Biosensors $49.3 Biotech Animal $10.5 Biotech Equipment Biotech Human $5.0 $42.2 $5.2 Biotech Industrial Biotech $35. Biotech Research $9.9 $21.5 Med/Health Info Tech Med/Health Products $0.5 $0 $20 $40 $60 $0 $100 $120 Med/Health Services Venture Capital Investments ($ Millions) Medical Diagnostics $4.0 Medical Therapeutics $55.0 Pharmaceutical $. $0 $20 $40 $60 $0 $100 Venture Capital Investments ($ Millions) Rhode Island Page 4
5 Bioscience Patents Bioscience related Patents in Rhode Island, Bioscience related Patents by Classification Group in Rhode Island, 67 Agricultural Bioscience 3 5 Biochemistry Patents Biotechnology Drugs & Pharmaceuticals Surgical & Medical Instruments Medical Equipment Bioscience Related Patents State Bioscience Contact BioGroup of Tech Collective 3 Davol Square, Suite 330 A Providence, RI P: (401) F: (401) collective.org Source Notes: Employment, Establishment, and Wage Data: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages (QCEW) industry data provided by the Minnesota IMPLAN Group, 2001 and. Employment Multipliers: U.S. Bureau of Economic Analysis RIMS II Employment Multipliers, (most currently available). Academic R&D Expenditures: National Science Foundation (NSF) Survey of Research and Development Expenditures at Universities and Colleges, and. NIH Funding: National Institutes of Health, Office of Extramural Research, Award Trends, Dollars Awarded by State, and. Clinical Trials: National Institutes of Health, Clinicaltrials.gov, trials that were initiated in. Higher Education Degrees: National Center for Educational Statistics, Integrated Postsecondary Education Data System (IPEDS),. Occupational Employment: U.S. Bureau of Labor Statistics, Occupational Employment Statistics (OES) survey data,. Venture Capital: Thomson Reuters VentureXpert Database,, as of January 15, Patents: U.S. Patent & Trademark Office data as available from the Thomson Reuters Delphion Patent Analysis Database,, as of January 15, For a more detailed discussion of the data and methodology used, please see the Appendix to the full national report Rhode Island Page 5
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