Monday, January 26, 2009

New Study Reports Colorado Now Ranks 11th in U.S. for Bioscience Venture Capital Investments

Gov. Bill Ritter, the Colorado BioScience Association and Colorado Office of Economic Development publicly released the Colorado Bioscience Roadmap 2008 at “Bioscience Day at the Capitol,” on Friday. The announcement is made by John Collar, Executive Director of CBSA, who says the Colorado Bioscience Roadmap 2008 is an updated version of the 2003 report, Colorado’s Place in the Sun: An Action Plan to Grow Colorado’s Bioscience Cluster, prepared for the CBSA by the national Battelle Technology Partnership Practice organization.

“Among the most impressive findings, the new study reports $1.3 billion was invested in Colorado bioscience companies 2002 through Q2 2008, ranking Colorado 11th in the U.S. for bioscience venture capital investments,” Collar explains. “The new report shows us that Colorado is indeed on the right path to becoming a top-ten bioscience hub and pinpoints strategic areas where we need to focus our immediate attention during the next five years to position the bioscience sector as a key driver of Colorado’s economy.”

"More than 18,000 Coloradans are now involved in this field,” Gov. Ritter said. “We want to continue this industry growth trend and build upon our successes. Using the updated action plan will allow us to be more targeted and strategic in our planning, as well as to better compete at a national and international level.”

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