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

Newsticker

Ethicon develops the suture of the future at €80 million Limerick, Ireland plant | Limerick Leader, April 16, 2014

Mahoning County Educational Service Center to open a new STEM academy targeting ninth and tenth graders | WKBN27 News, April 16, 2014

Vorys law firm plans to move downtown Cleveland offices to 200 Public Square | Cleveland.com, April 15, 2014

UC researchers ‘touch’ discovery could help pain disorders | Cincinnati Business Courier, April 15, 2014

University of Cincinnati College of Law partners with HCBC and First Batch to aid start-ups with legal help | Cincinnati Business Courier, April 15, 2014

Great Lakes NeuroTechnologies awarded $1.5M NIH funding to expand Parkinson’s telemedicine to mobile aps | Great Lakes NeuroTechnologies, April 15, 2014

Cardinal Health announces an annual $600K OSU College of Pharmacy Scholarship | Ohio State University, April 14, 2014

State legislation, funding would create pilot program to help students in STEM fields | The News-Herald, April 14, 2014

Nationwide Children’s Hospital: Antibiotics alone are a successful treatment for uncomplicated acute appendicitis in children | Nationwide Children's Hospital, April 14, 2014

Akebia Therapeutics’ stock soars this Monday with optimistic analysts’ reports | Cincinnati Business Courier, April 14, 2014

Dayton Children’s pediatric neurology team nationally designated as a Level 3 Epilepsy Center | PR Web, April 14, 2014

Cedarville University School of Pharmacy partnering with regional hospitals | Xenia Gazette, April 14, 2014

Cleveland biomedical industry spotlight, featuring Simbionix | Cleveland.com, April 13, 2014

2014 Innovation Award presented to Assurex Health | Cincinnati Business Courier, April 12, 2014

Freshwater Cleveland interviews Dr. Stanton Gerson of Case Comprehensive Cancer Center, National Center for Regenerative Medicine, and Seidman Cancer Hospital at University Hospitals CMC | Freshwater Cleveland, April 10, 2014

AmerisourceBergen CEO, Governor Kasich kick off construction of the company’s new pharmaceutical distribution center in Columbus | Columbus CEO, April 9, 2014

Sinclair Community College recognized for Exemplary Board/CEO by the American Association of Community Colleges | Digital Journal, April 9, 2014

CWRU grad wins $100,000 in national business competition for malaria diagnosis device | Cleveland.com, April 9, 2014

Medical Mutual of Ohio awards $750k grant to NorTech to support regional growth | Crain's Cleveland Business, April 8, 2014

An interview with Gina Drosos, Assurex Health’s new President | Cincinnati Business Courier, April 8, 2014