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Health Care Companies Grab Two of Three VC Dollars in Northeast Ohio

Tuesday, January 26, 2010

Excerpt of story provided by MedCity News
Written by Mary Vanac


The health care industry has attracted two out of three venture capital dollars invested in Northeast Ohio companies in the last five years, according to the 2009 Venture Capital Report for the Cleveland Plus Region (pdf).

Some $729 million was invested in 69 biopharmaceutical, medical device and equipment, and medical information systems companies from 2005 through 2009, according to a JumpStart Inc. release about the annual report, which will be available in print in February.

JumpStart, Northeast Ohio’s venture development organization, BioEnterprise, the region’s health care company developer, and NorTech, its technology-based economic development organization, have teamed up in the last several years to produce the report...

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