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State seeing venture capital dry up
[Source: Arizona Daily Star] - Venture capital - the lifeblood of high-tech startup companies - fell by nearly half in Arizona last year as investors retrenched nationwide.
But a new Arizona-based venture capital fund and other recent initiatives are aimed at building a local pipeline for such private equity investments, and driving high-tech economic development in the bargain.
The amount of venture capital invested in Arizona companies fell to $110.6 million in 2009, down 47 percent from $208.8 million in 2008, according to the latest MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital Association.
For more information: State seeing venture capital dry up
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Download a new brochure from the Flinn Foundation outlining the 2011 progress on Arizona's Bioscienced Roadmap: a record high in bioscience jobs, plus gains in firms and venture-capital funding. Numerous achievements during the year advanced the core strategies of the Roadmap.
Also, read the full Performance Assessment describing in detail Arizona's 2011 progress on key Roadmap metrics.
