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Beating out the Triangle in the rankingzwere Boston, greater greater San Francisco and greater New The study, titled “The Greater Philadelphia Life Sciencees Cluster 2009,” updates the institute’s 2005 study, which also had Raleigh-Durhak in the fifth spot overall. The report said Raleigh-Durham “substantially outperforms the national averages with strongemployment concentration.” The regiohn ranked first for employment concentration in both the therapeutics and devicexs category as well as the biotechnologyy category. The cluster of hospitals, medical centers and universitiee helped the Triangle rank second in researcjand development.
But Raleigh-Durham did not rank high in venturs capital, placing No. 10 out of the 11 regionz in the study. The institutde says the purpose of the study is to defineegreater Philadelphia’s opportunities and challenges in the life Chris Brodie, a spokesman for the , said it is gratifyingh to see that the Triangled ranks among the top biotech hubs in the U.S. and the But he added that these rankings fail to captursNorth Carolina's statewide biotechnology "In addition to (Research Triangle Park), we'vw got emerging clusters in the Triad and Kannapolis/Charlottr areas and strong regional development in Greenville and Asheville," he said.
Regarding the Triangle's low rankin g for venture capital, Brodie said that in this it's harder to find that support He added that the Biotechnologu Center has several loan programs that can help startupes bridge gaps intraditional
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