Sunday, June 13, 2010

Denver Post: "High-quality research and innovation are in ample supply; it's the financing that's lagging"

"'There isn't enough capital coming in to fund all of the good deals,' said Denise Brown, interim executive director of the Colorado BioScience Association. 'Our whole pipeline of innovation is going to be stymied unless we come up with a new model.'

The problem is national, even global, in scope. But it's being felt acutely in Colorado's biosciences community of mostly small companies served by a dwindling handful of local venture-capital firms.

To a degree, it's a symptom of the success the state has had in fostering the 18,000-employee bioscience sector in Colorado, Brown said. High-quality research and innovation are in ample supply; it's the financing that's lagging."

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