Medtech Industry Proves Hardy—At Least in Minnesota

It's great to read good news in these uncertain times, especially when it has to do with our medical device industry. The Minneapolis Star Tribune reports today that seven medical device start-ups attracted a healthy dose of venture capital investment, despite a national decline in VC funding. The article reports that Minnesota had its best VC performance in eight years because of the funding that went to device firms.

October 28, 2008

1 Min Read
Medtech Industry Proves Hardy—At Least in Minnesota

The state attracted $220.8 million in the third quarter, the first time it has done so since 1999, according to the article. Seven medical device firms, led by CVRx Inc. and Cardiac Concepts Inc., captured $130 million, or 59% of overall investment. What it proves is that as long as companies are developing innovative technologies that fill unmet needs, the funding will be there.

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