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

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