Consulate General of Canada in LA Serves SWUSA Southern California Nevada Arizona
Our Objectives & Focus To Advance Canada’s Economic Interest in SWUSA: Identify market opportunities for TCS Clients. Develop appropriate action plan to leverage market opportunities. Prepare & facilitate TCS clients to engage in effective business discussions at local market. Help TCS clients gain access to resources, soft- landing opportunities, investments and partnerships.
LA Territory Known For Its Entertainment Industry
And Its Bad Traffic
Trade Team Priority Sectors Active Sectors Reactive Sectors Arts & Cultural Cleantech FDI ICT / Digital Media Infrastructure Innovation Life Sciences Aerospace & Defence Agriculture Consumer Products
Now, Down to Business Los Angeles (and Hollywood) is synonymous with being the Entertainment Capital of the World, and for good reason: 586k jobs | $120B in output | $43B in labor income However, SoCal is home to a long list of multinationals (including 51 of the Fortune 500) and a world-leader in a number of industries including life sciences: The home to 3 of the top 4 life sciences clusters in California: Los Angles County| Orange County| San Diego County
CA Leads the World in Life Sciences
LS Industry: Economic Powerhouse 299,000 Direct Employment 622,000 Indirect & Induced Employment 921,000 Total Direct, Indirect & Induced Jobs Total Estimated Revenue.............................................. $169.0 billion Total Estimated Life Sciences Employment................. 298,709 Total Estimated Wages.................................................... $34.0 billion Average Annual Life Sciences Industry Wage............... $113,674 Total NIH Grants Awarded, FY2017........................... $3.8 billion Total Estimated Venture Capital Investments, 2017..... $6.7 billion Total Biomedical Exports............................................... $22.7 billion Direct Federal Taxes........................................................ $11.5 billion Direct State and Local Taxes......................................... $5.8 billion Number of Life Sciences Companies........................... 3,252
LS Industry is Diverse and Growing 1455 Biotechnology & Pharmaceuticals 1797 Medical Device & Equipment Manufacturing 3252 Number of Life Sciences Companies Four life sciences mega-clusters: Bay Area, Los Angeles County, Orange County and San Diego County A solid foundation comprising of highly-respected research universities receiving the most NIH funds in the nation Up 212 companies from 2016 Source: Blomberg
Solid Foundation for Innovation CA Received $3.8B NIH grants in 2017 SoCal’s Universities/Institutions received $2.1B of the total NIH grants
VC Investment 2017 VC in Life Sciences $6.7 Billion 2017 VC in Digital Health $1.65 Billion
Life Sciences Clusters in CA Four Life Sciences Mega Clusters: Bay Area Los Angeles County Orange County San Diego County
Employment by Cluster SFRAN= 29% LNGLS= 48% SNDGO= 15% California Missions: SFRAN= 29% LNGLS= 48% SNDGO= 15%
Examples: LS MNEs in LA and OC
Our Local Partners Advisory Serves to TCS Clients & Access to Soft-landing Opportunities Advisory Serves to TCS Clients Partnerships
Ecosystem Leadership What are the 4 cornerstones of OCTANe?
Our Local Investor Events May 31 – June 1, 2018 @ Newport Beach Marriott October 29 – 30, 3018 June 29, 2018 @ Fashion Island Hotel Biomedical Investor & Partnership Conference Sept 14-15, 2018 @ Long Beach Hilton
To Summarize LA Mission is home to 3 of the 4 mega life sciences clusters in California. Over 50% of California life sciences activities in LA & OC area. Have strong relations with local industry stakeholders, investors, tech accelerators and advisors. Have capability to prepare and engage TCS clients in effective partnership discussions with local MNEs and investors in local events. We are prepared to help you in the most dynamic market in the world!
Thank You Mohammad E. Kondri Trade Commissioner of Life sciences Los Angeles, California Mohammad.kondri@international.gc.ca
CA Life Sciences Continues to Grow