Originally Published MX November/December
2001

BUSINESS PLANNING
& TECHNOLOGY DEVELOPMENT

Hot Spots: 10
Sites for the Medtech Executive’s Itinerary

Communities
throughout the country are wooing medtech companies. Here are 10 of the most
notable.

Cliff Henke

Medical
technology has always been one of the star attractions of economic development
agencies throughout the world, and those in the United States have not been
immune to its luster. As the world appeared to be already dipping into recession
well before the outrages of September 11, such agencies are stepping up their
efforts to lure companies in this sector.

However, medtech
companies and their investors can be hard to convince. The complexity of the
industry and its finances means that regional development agencies have to work
doubly hard to offer medtech executives just what their companies are looking
for.

According to Daniel
Wood, a partner with the venture capital (VC) firm IngleWood Ventures (San Diego),
"Location is still very important. Virtual companies can’t offer the