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A history of medical innovations

Unmatched logistics capabilities coupled with a welcoming business climate and a strong industry cluster make the Greater Memphis region a natural location for a wide range of medical device companies and medical device OEMs.

The entrepreneurial spirit and a focus on innovation mix with a culture of collaboration and compassion to drive the emerging Life Sciences cluster in Greater Memphis. Our city’s low cost of living and our business-friendly governance make Memphis a prime location for the life science industry.

From medical advances that brought the world some of the most renowned orthopedic innovations to medical breakthroughs in the fight against childhood cancer, Memphis is an epicenter of life changing advances in bioscience.

Today Memphis is home to St. Jude Children’s Research Hospital, University of Tennessee’s Health Sciences Center and more than 50 life sciences companies.

Major Memphis manufacturers in Memphis include Medtronic, Smith & Nephew, Microport, Wright Medical Group and Olympus. The region’s intellectual capital in the device sector frequently produces spinoffs and startups, supported by one of the nation’s Top 25 accelerator programs ZeroTo510housed at the Memphis Bioworks Foundation.

Why do companies choose the Greater Memphis Region for their medical technology and life science operations?

Research & Development

The region’s life science industry is backed by a collection of world class research assets including UT-Baptist Research Park, a large and growing bioscience research campus complemented by the Memphis Medical District, a 250-acre area of Downtown Memphis that boasts 9 of the region’s key life sciences institutions, including St. Jude Children’s Research Hospital, University of Tennessee Health Sciences Center, Regional One, Methodist Le Bonheur Healthcare, Southern College of Optometry and Le Bonheur Children’s Hospital.

Collaboration between the Mid-south’s highly connected research facilities and educational and training institutions helps drive innovation from treatments to techniques.There are 39 colleges and universities providing life science and healthcare-related educational opportunities in the Greater Memphis region.

Large, Diverse Life Science Talent Pool

More than 62,000 students in the Greater Memphis region are enrolled in four-year and community colleges. With 39 colleges and universities offering life science coursework in a 150-mile radius of Memphis, the city is a magnet for the region’s talent.

  • 2017 Completions in Biological and Bioscience Programs in Memphis MSA: 1,251

With a regional population of nearly 5 million people, the Greater Memphis region offers a continuous and strong talent pipeline. As the largest metropolitan job center within a 150-mile radius, Metro Memphis is the economic hub of a seven-state region that includes Tennessee, Arkansas, Mississippi, parts of Missouri, Alabama and Illinois. The MSA population is approximately 1.3 million.

Access to Resources

UNIVERSITY OF TENNESSEE HEALTH SCIENCES CENTER

Each fiscal year, the University of Tennessee Health Science Center (UTHSC) faculty and staff receive nearly $85 million in sponsored program funding, including support from the National Institutes of Health and private foundations. UTHSC is the leading State institution for research on the causes, treatment, and prevention of diseases. Collaborative relationships with health care partners including St. Jude Children’s Research Hospital and Methodist Le Bonheur Healthcare help pave the way for innovative patient-centered research and development with a clinical and translational focus.

ST. JUDE CHILDREN’S RESEARCH HOSPITAL

St. Jude Children’s Research Hospital mission to find cures for children with cancer and other catastrophic diseases through research and treatment attracts some of the world’s most renowned physicians and scientists to the hospital’s Memphis headquarters. A recent partnership with the World Health Organization has enhanced the hospital’s talent pipeline and brought a global focus on the open source research happening in the hospital.

ZeroTo510

ZeroTo510, a Memphis-based Medical Device accelerator has launch six medical device companies with products now on the market.

The Memphis-based accelerator program was named one of the nation’s top accelerators for three consecutive years.

Innova

Innovation is an early-stage venture capital fund founded by Memphis BioWorks in 2017, focuses on starting and funding high-growth companies in the biosciences, technology and agtech fields.

MOVE-HIRE

Move-Hire is a tuition-free skill development and training program, provides industry recognized credentials and work-based learning opportunities including apprenticeships, on-the-job training and internships to prepare participants for careers in the medical device industry. The MOVE-HIRE Program was established to help increase the number of skills-trained workers to support the growing medical device industry in the region.

Interested in learning more about the medical device and life science opportunities in the Memphis region? Contact our Economic Development Team for more information.

Greater Memphis Chamber | 22 North Front Street Suite 200 | Memphis, TN 38103-2100 | 901-543-3500
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