Los Angeles is home to some of the finest research institutions/facilities and teaching hospitals in the nation, including UCLA Medical Center, USC's Keck School of Medicine, Cedars-Sinai Hospital, the House Ear Institute, Good Samaritan, Childrens Hospital Los Angeles, California Hospital Medical Center, and the Doheny and Jules Stein Eye Institutes.

Biomedical technology is one of the nation's most important growth sectors. Approximately 38,000 people work producing pharmaceuticals, medical apparatus, medical equipment/supplies, and conducting bio/health research in L.A. County, with a large number of those working inside the City of Los Angeles.

Biotech entrepreneurialism begins at universities and key medical institutions such as UCLA, USC, the House Ear Institute, Cedars-Sinai and Childrens Hospital L.A. The Mayor's Trade Advisory Council works to connect international investment with local biomedical and technology firms. These efforts help facilitate technology transfer and the translation of innovative research performed in the City of Los Angeles into start-up firms in L.A.'s Biomed/Tech Corridor.

The City of L.A. helps to strengthen the Biomed / BioTech / Health Sciences Industry By:

• Supporting the growth of the large biomedical companies in the City of Los Angeles that manufacture products for distribution and are used throughout the country and the world.
• Supporting, promoting, and building upon the Biomed "anchors" that already exist in the Biomed/Tech Focus Corridor, including LAC+USC Medical Center, USC Keck School of Medicine, the CSULA campus and Grifols Biologicals.
• Partnering with the Community Development Department's Workforce Development Division to coordinate with City WorkSource Centers (WSCs) to streamline the process for Biomed/Tech companies to access all the WSCs' services.
• Collaborating with other institutions such as the East L.A. Skills Center, East L.A. Occupational Center and East L.A College to focus on creating a pipeline of eligible candidates for the future.
• Working closely with local universities to lobby for federal and state funding for stem cell research.
• Maintaining and nurturing a strong relationship with the Southern California Biomedical Council (SCBC) to connect Biomed/Tech companies to the Biomed/Tech Focus Corridor.
• Co-hosting such events as the SoCalBio Investor & Partnership Conference.
• Helping to connect investors to local entrepreneurs, as well as providing them with information on partnership formation and business models for commercializing technologies.