Massachusetts has launched a campaign to become the premier hub for digital health companies, hoping to corner a market estimated at $32bn in the process. The state is also looking into ways of using blockchain technology and artificial intelligence (AI) to improve healthcare delivery by making it easier for doctors to prescribe drugs or perform other medical procedures. Previously, the state has run highly successful campaigns to attract more traditional life sciences companies, including a $1bn effort by the previous governer Deval Patrick.
Massachusetts has launched a campaign to become the premier hub for digital health companies, hoping to corner a market estimated at $32bn in the process. Announcing the effort, State Governor Charlie Baker described the campaign as a "very big opportunity for everyone who wants to see better health care”, adding that the cooperation between the state and Massachusetts Competitive Partnership, a group of CEOS seeking to promote economic growth in the state, will offer seed funding, tax breaks and help with relocation and contracts as an incentive to set up shop in Massachusetts. Previously, the state has run highly successful campaigns to attract more traditional life sciences companies, including a $1bn effort by the previous governer Deval Patrick.