Featuring: Dr. Chitra Lele, Sciformix Corporation
There is no disputing that the top two centers of R&D excellence in the country are San Francisco and Cambridge, Mass. However, there is much friendly debate between the two locations on which hub actually takes first place. While Bloomberg Business recently ranked Massachusetts No. 1 for innovation, San Francisco was ranked a close second. MassBio reports that venture investment in all of Massachusetts rose to a record $2.1 billion in 2015. According to the San Francisco Center for Economic Development, the biotechnology and life-sciences sector yielded $95 billion in economic activity and almost $30 billion in income, and was responsible for approximately 300,000 jobs.
Despite advances in telecommunication and remote teams being the norm, there’s a distinct advantage to proximity to academic centers and a robust workforce that is conducive to research and innovation, says Chitra Lele, Ph.D., chief scientific officer, Sciformix.