October 2011

The challenge of financing today's Midwest life science companies

Midwest life sciences, one of the most difficult issues has been achieving funding to successfully propel companies along a pathway to commercial launch of products and some kind of positive cash flow.

There are now 48 Midwest VC groups in 16 states with combined capital of $2 billion under management that are affiliated with the ever-growing Mid-America Healthcare Investors Network.

Aside from the traditional eight states that form the Midwest (Illinois, Michigan, Ohio, Wisconsin, Iowa, Minnesota, Indiana and Missouri), this additional group includes Kansas, Kentucky, Pennsylvania, Alabama, South Dakota, Nebraska, Arkansas and Tennessee.