August 2007 Archives
NVCA and PWC Release Q2 Investment Report
The Southeast ranks 6th in “Investments by Region” according to the latest MoneyTree Report from the National Venture Capital Association and PricewaterhouseCoopers. Overall, investments, including deals in seed and early stage companies, as well as those in the software sector, are at their highest levels since Q3 2001.
The Report, released this week, recognizes 65 deals in the Southeast resulting in a total of just over $357 million - roughly $5.5 million per deal - invested last quarter. Which three industries combined account for close to 57% of the total investments during this period?
• Biotechnology – $91,088,000
• Medical Devices & Equipment - $59,384,800
• Software - $56,273,000
New, Online Business Models Impact Start-up Funding
An IT Business Edge post earlier this week offers insight into an investment evolution as an increasing number of early stage companies take advantage of expanding online business models.
Assembly Renews Qualified Business Venture Tax Credit, Appropriates Millions to New Initiatives
Last week North Carolina legislators enacted a hefty $11.8 billion budget which emphasizes the state’s long-term commitment to supporting business innovation, creating jobs and growing the economy. The plan calls for renewal of a number of successful programs, including the Qualified Business Venture Tax Credit, as well as funding for several new initiatives, all of which provide strong support for technology, research and development.