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

Neuros Medical enrolls first patients in pivotal study for post-amputation pain | Neuros Medical, January 28, 2015

Ohio State cancer center’s former home might house brain, spine hospital | The Columbus Dispatch, January 28, 2015

Exsurco Medical achieves ISO 13485 registration for Medical Device Design & Manufacture | PR Web, January 27, 2015

Shark Tank’s Mark Cuban to join Cincinnati Children’s in startup pitch competition for medical devices and digital health tech | Cincinnati Business Courier, January 27, 2015

Taylor Strategy Partners’ Nicole Plant appointed to the Create Columbus Commission, adding a millennial voice in branding Ohio’s capital as a destination for young professionals | PR Newswire, January 27, 2015

Sen. Sherrod Brown warns against letting Children’s Health Insurance Program expire, Dayton Children’s Hospital | 91.3 WYSO, January 27, 2015

Nationwide Children’s Hospital researchers use video game tech as a method for measurement of upper extremity movement in muscular dystrophy patients | Muscular Dystrophy News, January 26, 2015

$100M development planned in Madisonville near Medpace | Cincinnati Business Courier, January 26, 2015

EnvisionRx and Gilead Sciences sign exclusive agreement to help in the fight against Hepatitis C | Business Wire, January 26, 2015

Sen. Portman and Sen. Baldwin op-ed: The nation needs the Critical Care Assessment and Improvement Act, ensure ability to respond to public health emergencies | The Hill, January 26, 2015

New powered vascular stapler from Ethicon offers greater precision during thoracic surgery | PR Newswire, January 26, 2015

Big Data pioneer Explorys plans to expand in University Circle, adding 80 employees | Cleveland.com, January 26, 2015

Leading with core values, BioOhio member Slone Partners interview with Elizabeth Hutt, CEO, NuGEN | Slone Partners, January 26, 2015

Exsurco Medical, manufacturer of advanced tissue processing devices, now ISO 13485 registered | Morning Journal, January 24, 2015

Repealing medical device tax has bipartisan appeal, Columbus Dispatch Editorial | The Columbus Dispatch, January 24, 2015

Sparton acquires Real-Time Enterprises, developers of embedded software to operate medical devices and diagnostic equipment | Business Wire, January 22, 2015

Invacare Corporation names Matthew E. Monaghan President and Chief Executive Officer | Business Wire, January 22, 2015

VentureOhio appoints executive director from Columbus’ Hicks Partners, Emily Turner | Columbus Business First, January 22, 2015

ViewRay names ITOCHU the exclusive distributor of their MRI-guided radiation therapy system in Japan | PR Newswire, January 22, 2015

Assurex Health to stay in Mason, plans new local HQ | Journal-News, January 22, 2015