Midwest Health Startups Gain $511 Million In Investments; Wisconsin Last
WISCONSINREPORT.COM (08/05/2012) - Midwest health care startups reported 511 million dollars in total investments across 97 companies in the first half of 2012, according to the BioEnterprise Midwest Health Care Venture Investment Report. The totals are the highest recorded for the region among the last five years both in dollars of financing and number of companies receiving investment.
Ohio led the way in total financing with companies, attracting $126 million, followed by Minnesota, whose companies attracted $86 million during the period. Next in line: Illinois, $84 million; Michigan, $56 million; Indiana, $51.6 million; Pennsylvania, $32.8 million; Misssouri, $32.4 million; Kentucky, $25.9 million; and Wisconsin, $15.2 million.
By sector, the equity funding was as follows: (1) Biopharmaceutical companies: $259 million; (2) Medical device companies: $131 million; (3) Health care software and service companies: $118 million.
The Midwest Health Care Venture Investment Report includes all reported numbers and regionally collected data.
Sources: Compiled by BioEnterprise team from Venture Wire, Private Equity Week, Wall Street Journal, Venture Source, SEC Filings, company press releases, www.biospace.com, and Midwest bioscience organizations and institutions.
BioEnterprise is a business formation, recruitment, and acceleration effort designed to support the growth of bioscience companies. Located in Cleveland, BioEnterprise provides management counsel and support services to health care companies.
BioEnterprise partners are Case Western Reserve University, Cleveland Clinic, University Hospitals, Summa Health System, and the BioInnovation Institute in Akron. Additional technology partners include the NASA Glenn Research Center, Cleveland State University, NorTech, and BioOhio.
The initiative comprises the collective activities of BioEnterprise and its partners' commercialization offices: the Case Office of Technology Transfer, Cleveland Clinic Innovations, University Hospitals Case Medical Center - Center for Clinical Research and Summa Enterprise Group. The combined efforts of these groups has created, recruited, and accelerated more than 120 companies in nine years.
TRUST THE REAL WISCONSINREPORT.COM FOR THE TRUTH
WisconsinReport.com is an independent online internet news publication not affiliated with Wisconsin Government, Wisconsin Public Broadcasting, the University of Wisconsin System, or any other entity, agency, department, network, business or organization with Wisconsin in it's name. WisconsinReport.com is a Morbizco Media Group/Morbizco, Inc., non-partisan, internet publication.
BE A FAN OF WISCONSINREPORT.COM ON FACEBOOK!
The real WisconsinReport.com has a page on Facebook. You are more than welcome to be one of our Facebook friends. If you haven't already done so, search for WisconsinReport.com on Facebook, or search for WiscReport. Then follow the Facebook link to the WisconsinReport.com page on Facebook. While you're there, Click on LIKE. You'll receive brief notifications when new WisconsinReport.com stories are added.
You can also find our Facebook page by going to the WisconsinReport.com website front page and clicking on the Facebook Link at the bottom left side of the website front page.
OR, copy and paste this internet address into your browser's address field: http://www.facebook.com/pages/WisconsinReportcom/132641770112067
OR, enter this in your browser's address field: http://facebook.com/wiscreport
FOLLOW THE REAL WISCONSINREPORT.COM ON TWITTER
You can find us on Twitter.com by entering http://twitter.com/WiscReport in your computer browser's address field, or, when you're at Twitter.com, search for WiscReport, or search for WisconsinReport.com.