Medical News Today: Funding For New Medical Ventures Improving

Friday, July 23, 2010

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).

This information was reprinted from kaiserhealthnews.org with kind permission from the Henry J. Kaiser Family Foundation. You can view the entire Kaiser Daily Health Policy Report, search the archives and sign up for email delivery at kaiserhealthnews.org.