RECENT INVESTMENTS
Children’s Hospital National Research & Innovation Campus: The nation’s first pediatric research & innovation campus opened in 2021, anchored by Children’s Center for Genetic Medicine Research and Rare Disease Institute and Virginia Tech’s Biomedical Research Institute.
Seven Starling, a DC-based health startup focused on maternal mental health secured $11M in Series A funding in 2024 to continue to expand virtual care services nationwide.
DC-based startup Hibiscus Health secured in 2024 $5M in funding to scale its AI-powered health screening platform.
Howard University: The Historically Black College & University (HBCU) will build a National Research Center for Health Disparities that will provide a home to pharmaceutical companies and biomedical research organization specializing in chronic illnesses with an emphasis on solutions for communities of color.
DC-based companies were awarded $206M in National Institutes of Health awards in 2026.
HEALTH TECH
DIGITAL HEALTH
Major Employers
Talent Pipeline
The Washington, DC Metro Area offers employees with specialized and highly credentialed talent in the life sciences and health tech fields.
4x
Concentration of Biological scientists than the U.S. average
Company Spotlight
Sorcero is a Washington, DC-based AI company transforming how life sciences organizations extract insights from complex medical and regulatory data. Their medically-tuned AI platform accelerates evidence evaluation, improves medical affairs, and drives smarter decision-making. In 2025, Sorcero was named one of America’s Most Innovative Companies by Fortune, received the Google Cloud Partner of the Year Award for Business Applications in Healthcare & Life Sciences, and in 2024 was named by Fast Company as the World’s Most Innovative Company in the Small & Mighty Category. Sorcero has raised $15.7 million in venture capital funding across three rounds, with investors including H/L Ventures, Harmonix Fund, and Leawood Venture Capital, and recently acquired Axiom Health with a $46.5 million valuation.
Incentives & Resources*
VITALITY FUND
GROWTH FUND
DC VENTURE CAPITAL FUND
ON THE JOB TRAINING
DC GREEN BANK
DMPED AND WDCEP
The Office of the Deputy Mayor for Planning and Economic Development (DMPED) is the District government agency that designs and implements strategies to encourage companies to choose, stay, and grow in DC. Washington DC Economic Partnership (WDCEP) is a nonprofit, public-private partnership that leads business attraction efforts for DC. DMPED and WDCEP collaborate to advance the Mayor’s economic development strategy, with the primary focus of creating and retaining jobs to further drive sustainable, economic inclusion for the District of Columbia.
*Subject to the availability of funds.
1. Esri Market Profile. (2024). Based on a comparison of the top 25 most populous metropolitan areas.
2. CBRE, 2024.
3. WalletHub, March 2023.