The Dallas Morning News
reports on the funding climate for health care technology startups.
At the second annual MedVentures conference, "the consensus of entrepreneurs … is that the fundraising climate is getting better after a rough few years, but there's still a dearth of seed and start-up money. Venture capital investments in biotechnology and medical devices ... peaked in 2007 and hit a low point in early 2009. But funding for the first half of this year is increasing. For the Dallas area, venture capitalists invested $12.1 million in life sciences in the first half of this year compared with nothing at all last year, according to data from PricewaterhouseCoopers. Statewide, life sciences raised $57.2 million, beating the $9.4 million for the first half of 2009. Nationally, biotechnology raised the most money of any industry in the first half of 2010 – $2.1 billion, up 31 percent from a year ago" (Jean, 7/22).