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According to a recent Babson report, the Global Entrepreneurship Monitor , U.S. entrepreneurs required a median of $17,500 in funding to launch their companies – 57 percent of which was funded by themselves. Women also reported requiring $10,000 – half as much funding as men reported – to start a company.
The MassBioEd 2016 Job Trends Forecast states “The Massachusetts biopharmaceutical industry is in a prolonged period of expansion for which we see no close through 2018. The total number of industry job listings jumped by 35.5% in 2015 over 2014.” Unfortunately the number of qualified candidates has not kept pace with the demand. “As 87 percent of surveyed biopharmaceutical employers indicated that they would be adding net new employees in the next 12 months, 78 percent of employers indicated that it is more difficult to find
qualified talent than it was three years ago in 2013.”