Led by Ohio, Midwest healthcare startups raise $996 million in 2012

Midwest healthcare companies attracted $996 million in new investments across 182 companies in 2012 according to the BioEnterprise Midwest Healthcare Venture Investment Report. The total dollars attracted is up by twenty-three percent from 2011. Ohio ($292 million), Minnesota ($165 million), and Illinois ($146 million) led Midwestern states in attracting investment dollars; Cleveland, Minneapolis, and Chicago were the leaders among Midwest regions.

“Investment activity in Midwest healthcare deals continues its upward trend, outperforming previous years’ activity for 3 years in a row. As with the rest of the country, Midwest healthcare investing fell dramatically in 2009 after strong years in 2007 and 2008, but it appears investors are again optimistic about Midwest deals. 2013 should be an interesting year to watch,” said Aram Nerpouni, Interim President of BioEnterprise, the Cleveland biomedical accelerator.

By sector, the 2012 equity funding was allocated as follows:

  • Medical device companies: $309 million (32%)
  • Healthcare IT and service companies: $177 million (18%)
  • Biopharmaceutical companies: $487 million (50%)

The Midwest Healthcare Venture Investment Report includes all reported numbers and regionally collected data. For complete state and region results across the Midwest, see table here.

photo source: oneohionow.org

Recent Posts

Blog Post Archive

Blog Post Categories

Search the Blog

Newsticker


BioOhio Member Mark BioOhio Member

HealthSpot and CareSource team to improve access to healthcare | BusinessWire, August 20, 2014

EnvisionRxOptions named to Inc. Magazine’s The Inc. 500|5000″ list of America’s fastest-growing companies for second consecutive year | Herald Online, August 20, 2014

Forty attorneys from member firm McNees Wallace & Nurick recognized as Best Lawyers in America | McNees Wallace & Nurick, August 19, 2014

Minimally Invasive Devices and Mitsubishi Medical Japan forge exclusive distribution agreement | PR Newswire, August 19, 2014

Summa Health System President and CEO Thomas Strauss will retire at end of 2014 | Crains Cleveland, August 19, 2014

New device at Ohio State Wexner Medical Center takes aim at cluster headaches | WBNS 10TV Columbus, August 18, 2014

BioOhio Blog: OffWhite reflects on the BioOhio Expo, education is the best kind of marketing | BioOhio, August 15, 2014

$2.71M allocated to improve colleges and universities around Ohio | Cleveland.com, August 15, 2014

ChanTest announces a global campaign to share new findings and developments in cystic fibrosis research | PR Web, August 14, 2014

Cleveland Clinic cancer center gets thumbs-up from city design review committee | The Plain Dealer, August 14, 2014

Cleveland Clinic Chief of Staff Dr. Joseph Hahn to retire after nearly four decades as a neurosurgeon, leader and innovator | The Plain Dealer, August 14, 2014

Senator Rob Portman visits Assurex Health to learn about tests to help veterans struggling with post-traumatic stress disorders and other mental illnesses | Cincinnati.com, August 13, 2014

Collaboration between Miami Valley Hospital and Dayton Children’s Hospital to provide care for high-risk pregnancies and at-risk newborns | PR Web, August 13, 2014

Bacterial Robotics building bactobots engineered to destroy skull-based tumors | MedCity News, August 12, 2014

Lindsey Burns, Clincial Development Associate at Assurex Health, named a 2014 Professional Woman of the Year by the National Association of Professional Women | PR Web, August 12, 2014

Juventas Therapeutics completes enrollment of Phase I/II RETRO-HF trial and demonstrates safety for retrograde infusion of JVS-100 in patients with heart failure | PR Newswire, August 12, 2014

Trends driving Cincinnati’s health care building boom | Cincinnati.com, August 12, 2014

AdvaMed President and CEO Stephen Ubl, Medical-device tax should be repealed | Columbus Dispatch, August 12, 2014

Assurex Health marks 100,000 patients tested with GeneSight to support medication selection | Assurex Health, August 12, 2014

New BioOhio contributor blog post: eCTD Global Submission Planners Case Study presented by Auditgraph | BioOhio, August 11, 2014