22 May Wisconsin: A Rising Star in the Biotech Industry
And the biotech industry in Madison and the surrounding communities is helping to lead the way.
Wisconsin is officially on the map as a U.S. Regional Tech Hub, and the state is poised for a biohealth revolution. With projections of 30,000 new jobs and $9 billion in economic development, the spotlight is on Wisconsin as it fosters the talent needed to nurture the next generation of biotech professionals.
The Tech Hub designation gave Wisconsin’s biohealth industry a major boost, unlocking $49 million in federal funding and recognizing the state’s strengths in personalized medicine, imaging, genomics and data analytics. However, this recognition is not just about dollars and cents; it’s about creating an ecosystem where groundbreaking research translates into life-saving treatments and economic prosperity.
Central to Wisconsin’s success is a commitment to cultivating a skilled biotech workforce. As for the biotech industry in Madison and the surrounding communities, Forward BIOLABS and BioPharmaceutical Technology Center Institute are two prime examples of how the state is bridging the gap between education and industry needs.
Forward BIOLABS is a coworking lab space providing startups with the infrastructure and resources to launch and grow. By offering shared lab equipment, mentorship and networking opportunities, Forward BIOLABS acts as an incubator for innovation, attracting and supporting budding biotech entrepreneurs.