Biotech

Biotech

New interactive feature: The Greater OKC BioTech Story

KEY STATS ABOUT biotech IN OKC:

  • Oklahoma City’s bioscience companies boast annual revenues of more than $6.7 billion.
  • Support 51,000 workers with total compensation of $2.2 billion.
  • The Oklahoma City Innovation District is a thriving, 1.3 square mile ecosystem of collaboration, innovation and economic growth located in historic, Northeast Oklahoma City, surrounded by internationally acclaimed organizations spanning Oklahoma’s diverse sectors – healthcare, bioscience, aerospace & unmanned systems, specialized manufacturing, academia, technology and energy. 
  • In 2019, the citizens of Oklahoma City approved a $71 million investment in the burgeoning Innovation District. This investment includes funds to encourage further development for minority-owned small businesses, better connectivity in and around the district and the construction of an “Innovation Hall” to serve as a central place where activities to grow our city’s innovation economy can be facilitated. 

What's NEw in OKC biotech:

  • Over the past decade healthcare employment in OKC has grown by 12% or 8,200 jobs. The healthcare industry in represents 9% of total GDP for the metro. Read More>>
  • Martin Bionics landed on Time Magazines's "Best Inventions of 2020" list. Read More>>
  • A group of local developers announced plans to build a 2.7-acre development in the heart of the Innovation District. The 400,000-square-foot development will feature research labs, office space, a hotel and retail space all centered around the publicly funded MAPS 4 Innovation Hall. Read More>>
  • The Oklahoma Medical Research Foundation received a $3.7 million grant to continue research on Sjogren's Syndrome. Read More>>
  • The University of Oklahoma Health Sciences Center earned a record high $190 million in federal and state awards during state fiscal year 2020, a milestone that advances research and other strategies to improve health and well-being among Oklahomans. Read More>>

How can we help you?

The Greater Oklahoma City Partnership assists bioscience companies who are expanding their operations and considering the region for a new investment. Our business development and research teams can help you with data collection, site selection, incentive requirements and other areas of need for your evaluation process. For questions or assistance, please contact: 

Evan Fay
Program Manager, Innovation and Entrepreneurship
405-290-7067
efay@okcchamber.com

Ground-breaking discoveries made by Oklahoma City-based researchers have helped put Oklahoma City on the map as a contender in the bioscience and technology marketplace. Oklahoma City’s bioscience companies boast annual revenues of more than $6.7 billion and support 51,000 workers with total compensation of $2.2 billion. Undeniably, one of the most significant factors in this area's biotech boom is the powerful symbiotic relationship between entrepreneurs, clinical researchers, academic investigators, and public and private investors.

In recent years, significant medical advances and life-saving medicines have been developed in labs and facilities based in Oklahoma City.

Center for Innovation
Oklahoma City's emerging innovation district currently encompasses about 1.3 square miles east of downtown and includes the Oklahoma Health Center and Automobile Alley. This area is the subject of an 18-month study being conducted by The Brookings Institution and Project for Public Spaces. This work, which will focus on the district’s economic strengths and quality of place, is part of the Bass Initiative on Innovation and Placemaking, a joint initiative the two organizations launched in late 2015.

This thriving area surrounding the Oklahoma Health Center is ripe for new development and has demonstrated success in incubating startup businesses. University Research Park, a 23-acre, $100 million site, is currently home to 38 science-based companies including Moleculera Labs, Cytovance Biologics, Accele Biopharma, and other industry leaders.The city’s bioscience sector that has clustered in that area offers a strong anchor point for future development.

Oklahoma Medical Research Foundation
More than 300 researchers at Oklahoma Medical Research Foundation (OMRF) make ground-breaking discoveries as they explore the mysteries of human diseases including Alzheimers, brain diseases, cancers, diabetes and lupus. OMRF is recognized as one of the most respected independent medical research institutes nationwide.

University of Oklahoma Health Sciences Center
In addition to OMRF, Greater Oklahoma City is home to The University of Oklahoma Health Sciences Center (OUHSC). OUHSC, comprised of seven medical schools, is the primary place of instruction for many of Oklahoma's health professions. It is one of only four health centers in the United States with seven professional colleges. The 30 institutions on its campus employ more than 15,000 people with a combined general revenue of more than $3.5 billion per year, and NIH funding of more than $53 million. The research park also includes the Presbyterian Health Foundation, which supports a variety of health-related activities, including recruitment of research scientists and provision of research and equipment grants.

GE Global Research Center
Joining the bioscience and biotechnology community on the Health Center campus is the new 95,000 square-feet GE Global Research Oil and Gas Technology Center, the company’s first industry specific research center. The project will add 130 high-tech jobs and is expected to have a direct and indirect economic impact of $13 million on the state and local economies.

Oklahoma Bioscience Association
With a world-class caliber of research facilities and wet lab space, abundant funding opportunities and collaborative efforts by legislators to enhance progress, you could say Greater Oklahoma City has biotechnology down to a science. The Oklahoma Bioscience Association works to promote the growth of biosciences in Oklahoma through partnership building, education and outreach, networking, policy development and publicity.

Biotechnology Resources

To learn more about the above biotech industry study, contact:

Eric Long
Research Economist
405-297-8976
elong@okcchamber.com

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