The idea that healthcare entrepreneurs are no longer restricted by geography and can succeed well beyond the historic startup and investment meccas of the Silicon Valley and Boston, is demonstrated more convincingly each year. A new report charts the growth of healthcare startups and investment in the Midwest over the past five years.
Last year, 375 Midwestern healthcare companies raised $1.7 billion, according to a report by BioEnterprise. The investment amount was the highest in the past two years and reflected a couple of trends, according to Aram Nerpouni, CEO of BioEnterprise. Investment size and the number of companies raising capital have more than doubled in the past five years, he said.
Image: Source: BioEnterprise’s Midwest Healthcare Growth Capital Report
