Immigrant Entrepreneurs in the Massachusetts Biotechnology Industry
One-quarter (26 percent) of biotechnology companies in New England have at least one foreign-born founder.
These immigrant-founded biotechnology companies produced more than $7.6 billion in sales and employed more than 4,000 workers in 2006 alone.
Biotechnology firms with an immigrant founder typically specialize in the most complex, risky, life science-intensive research directly applicable to human health (human therapeutics and genomics/proteomics). In fact, two-thirds pursued knowledge related to therapies for human health. Less than half of other Massachusetts biotechnology firms claim human therapeutics as their main pursuit.
Immigrant entrepreneurs in New England’s biotechnology sector hail from 23 different countries with only 28 percent of them coming from native English-speaking countries.