Funding For New Medical Ventures Improving
The Dallas Morning News reports on the funding climate for health care technology startups.
Thursday, July 22, 2010
Kaiser Health News
Funding For New Medical Ventures Improving
The Dallas Morning News reports on the funding
climate for health care technology startups.
At the second annual MedVentures conference, "the consensus of
entrepreneurs … is that the fundraising climate is getting better
after a rough few years, but there's still a dearth of seed and
start-up money. Venture capital investments in biotechnology and
medical devices ... peaked in 2007 and hit a low point in
early 2009. But funding for the first half of this year is
increasing. For the Dallas area, venture capitalists invested $12.1
million in life sciences in the first half of this year compared
with nothing at all last year, according to data from
PricewaterhouseCoopers. Statewide, life sciences raised $57.2
million, beating the $9.4 million for the first half of 2009.
Nationally, biotechnology raised the most money of any industry in
the first half of 2010 - $2.1 billion, up 31 percent from a year
ago" (Jean, 7/22).
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http://www.kaiserhealthnews.org/Daily-Reports/2010/July/22/Medical-Venture-Capital.aspx