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Kansas Bioscience Authority Announces FY11 Outcomes of $207 Million
Date:11/16/2011

nal Research FundingIn fiscal 2011, KBA investments attracted $18.2 million in new external research funding. This includes funding such as National Institutes of Health (NIH) grants for researchers at state universities, USDA grants to animal health firms, Small Business Innovation Research (SBIR) grants to Kansas businesses, and research contracts with pharmaceutical companies. Since 2004, KBA investments have spurred $104.9 million in external research funding, including $44.6 million in new research funding for the University of Kansas Cancer Center.

Capital ExpendituresCapital expenditures in fiscal 2011 related to KBA investments totaled $65.9 million. This reflects KBA client company spending on fixed assets including new facilities, new equipment and land. Since 2004, KBA investments have yielded $278.5 million in capital expenditures.

Equity InvestmentsOutside equity investments made in Kansas bioscience companies is another outcome measured by the KBA, as access to capital is a key component to the survival and growth of early stage companies in the capital-intensive bioscience sector.  In fiscal 2011, KBA investments helped companies attract $30.6 million in new equity investments. These investments were made by venture capital firms, angel investors and other private investors. Since 2004, KBA investments have resulted in $78.9 million in private equity investments in Kansas bioscience companies.Kansas Bioscience Authority Investments & Outcomes(through 30 June 2011)InvestmentsTotal Investments Paid$87.5 millionOutcomesFiscal 2011Since InceptionAnnualized Wages

$92.6 million$354.2 millionExternal Research

$18.2 million$104.9 millionCapital Expenditures

$65.9 million$278.5 millionEquity Investments

$30.6 million$78.9 millionTotal:$207.3 million$816.5 million About the KBA

The Kansas Bioscience Authority was created by the innovative Kansas Economic Growth Act of 2004 to a
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SOURCE The Kansas Bioscience Authority
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