Navigation Links
Ohio Ranks Best in the Midwest for Venture Capital Investment in Health Care Bioscience Industry

Strategic location and cross-collaboration throughout bioscience industry

attracts investors

COLUMBUS, Ohio, Aug. 14 /PRNewswire/ -- A new report ranks Ohio best in the Midwest for venture capital investments in biotech innovation and business growth, according to the Ohio Business Development Coalition (OBDC), the nonprofit organization that markets the state for capital investment. The report, released by BioEnterprise, a Cleveland, Ohio-based bioscience incubator, shows Ohio led all other Midwestern states with $244.3 million in health care related biotech investments in 24 companies.

(Logo: )

"National investors are beginning to recognize that Ohio's strategic location in the Midwest region is ideal for growing businesses in the bioscience industry," said Baiju Shah, president of BioEnterprise. "Ohio has always been rich in research and industry assets. That rich base is now translating into a growing stream of high quality business growth due to progressive policies and programs through state investments in research and development."

Health care startups across the Midwest saw the largest growth, reporting a stunning $742 million in total investments across 64 companies in the first half of 2007 - nearly the same amount in total investments for all of 2006. Ohio far exceeded all competitors both in venture capital funding, number of investments and dollar amount of investment deals.

"In all aspects of biotech, from life sciences to health-care technologies to agriculture and food science, Ohio is at the heart of development and innovation in bioscience," said Ed Burghard, executive director for the Ohio Business Development Coalition. "The state is also attractive to executives because of its unique mix of micropolitan and metropolitan city structures. This distinctive combination provides executives the resources and time to pursue both their professional goals and personal aspirations without having to compromise one for the other. Ohio truly is the state of perfect balance."

The state's strong support for biotech and health care related bioscience companies is a result of Ohio's strengths and leadership in the three main bioscience industry sectors defined as Red (health), Green (agriculture) and White (industrial), according to the OBDC. Ohio's encouragement of cross- collaboration among the Red, Green and White industries uniquely positions the state to provide national leadership in all areas of bioscience.

"Ohio's bioscience community continues to grow, resulting in increased capital investment and new, high-paying jobs for Ohioans," said Burghard.

With more than $1 billion in funding and 775 bioscience entities operating throughout the state, Ohio is establishing an international leadership role in the cutting-edge bioscience industry. The Red, Green, White model is based on the three main bioscience industry sectors established by European bioscience leaders. Ohio's Red, Green and White bioscience entities generate more than $5.2 billion in direct economic impact and employ more than 37,000 skilled workers.

Ohio also has a budding culture of collaboration between entrepreneurs and large companies thanks in large part to the Third Frontier Project, a $1.6 billion initiative to help catalyze connections between companies and academia.

About the Ohio Business Development Coalition

The Ohio Business Development Coalition is a nonprofit organization that provides marketing strategy and implementation to support Ohio's economic development efforts. For more information, visit

SOURCE Ohio Business Development Coalition

Copyright©2007 PR Newswire.

Related biology technology :

1. Wisconsin ranks 30th in New Economy index
2. Madison again ranks as most digitized city
3. Aurora ranks among most wired systems
4. UW-Madison MBA ranks 51st in U.S., from no ranking last year
5. New guide ranks UW-Madison tops in research
6. Wisconsin ranks low in mid-year health care capital investment report
7. Midwest life science stocks kept sizzling in Q2
8. Midwest life science stocks sizzle in a tepid first quarter
9. A Midwest passage to India, Part II
10. Midwest offers non-stop flight to North Carolina research park
11. A Midwest life-science odyssey comes full circle
Post Your Comments:
(Date:11/24/2015)... 2015 Cepheid (NASDAQ: CPHD ) today ... following conference, and invited investors to participate via webcast. ...      Tuesday, December 1, 2015 at 11.00 a.m. Eastern Time ...      Tuesday, December 1, 2015 at 11.00 a.m. Eastern Time ... New York, NY      Tuesday, December 1, 2015 ...
(Date:11/24/2015)... (PRWEB) , ... November 24, 2015 , ... ... maintain healthy metabolism. But unless it is bound to proteins, copper is also ... Health (NIH), researchers at Worcester Polytechnic Institute (WPI) will conduct a systematic study ...
(Date:11/24/2015)... Inc., a worldwide provider of clinical research services headquartered in ... has set a new quarterly earnings record in Q3 of 2015.  ... Q3 of 2014 to Q3 of 2015.   ... the establishment of an Asia-Pacific office to ... and Mexico , with the establishment ...
(Date:11/24/2015)... ... ... The Academy of Model Aeronautics (AMA), led by its Executive Council, has ... Prix, to represent the First–Person View (FPV) racing community. , FPV racing has exploded ... of racing and several new model aviation pilots have joined the community because of ...
Breaking Biology Technology:
(Date:10/29/2015)... YORK , Oct. 29, 2015 ... technology, announced a partnership with 2XU, a global ... to deliver a smart hat with advanced bio-sensing ... and other athletes to monitor key biometrics to ... the strategic partnership, the two companies will bring together ...
(Date:10/27/2015)... 2015 Synaptics Inc. (NASDAQ: SYNA ), the ... has adopted the Synaptics ® ClearPad ® ... its newest flagship smartphones, the Nexus 5X by LG ... --> --> Synaptics works closely ... collaboration in the joint development of next generation technologies. ...
(Date:10/26/2015)... -- Delta ID Inc., a company focused on bringing secure ... announced its ActiveIRIS® technology powers the iris recognition feature ... NTT DOCOMO, INC in Japan . ... include iris recognition technology, after a very successful introduction ... 2015, world,s first smartphone to have this capability. ...
Breaking Biology News(10 mins):