Austin: The New Frontier of Bio & Health Innovation
The 2024 Austin Bio & Health Report reveals our ecosystem's remarkable growth from $4.4B to over $42B in just under a decade.
We're not following another city's playbook – we're writing our own.
The Numbers Behind Austin's Bio & Health Revolution
Record-breaking growth and unprecedented momentum define Austin's rise as a Bio & Health powerhouse. These key metrics tell the story of an ecosystem that's not just growing—it's transforming the industry landscape.
People in Bio & Health
Pioneering innovation in health technology and business.
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Square Feet of Space
State-of-the-art facilities supporting rapid growth.
Rise in Professional Talent
Attracting top professionals to drive innovation.
Austin's Bio & Health revolution is built on three key strengths:
Where Technology Transforms Healthcare
Austin's Bio & Health sector thrives on its unique healthtech positioning. We pioneer the convergence of Business of Health and Bio Innovation Tech Stack, with the highest concentration of healthtech startups alongside NYC, creating unprecedented market opportunities.
Engineers & Innovators Choose Austin
Austin ranks 5th nationally for brain gain with a 70% rise in educated professionals. Engineers from tech giants and finance leaders are flocking to our ecosystem, fueling innovation and bringing diverse expertise to solve healthcare's biggest challenges.
Austin Bio & Health Funding Reaches New Heights Despite National Downturn
Austin's biotech sector demonstrates remarkable stability with venture funding maintaining strong levels despite national headwinds. While 2024 shows softening at $471M, the city has sustained its top-10 national ranking, significantly outperforming broader industry declines across the United States.
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We are Planting a Flagpole for Austin's Future
Austin is establishing itself as a hub for innovation, attracting talent and investment. Our ecosystem fosters creative collisions that drive progress in the Bio, Health, and Tech sectors.
Meet the Visionaries Behind the Report
Jason Scharf and Jani Tuomi bring decades of expertise in strategy, innovation, and startup leadership to the Austin Bio & Health ecosystem. Their combined experience spans early-stage investment, company building, and successful exits in the healthcare space.
Download the Full Report
Download our report to uncover the reasons behind Austin's Bio & Health sector's remarkable growth trajectory. Be part of the movement that's reshaping the future of health innovation.