Ohio outpaced national average for VC investment in 2010
Ohio outpaced the national average in venture capital investment in 2010, increasing 81 percent over last year, according to a report developed by the Center for Entrepreneurship.
Nationally, there was a 20 percent increase over 2009, with $23.3 billion in venture capital investment. In Ohio, $567.4 million was invested in early-stage businesses, according to the 2010 Ohio Venture Capital Report. Ohio accounted for 2.5 percent of venture capital investment nationwide. Biotechnology and information technology companies brought in the most start-up cash.
The Center for Entrepreneurship at Fisher manages the Ohio Venture Capital Research Program in collaboration with state and regional partners, such as Ohio Department of Development, the Ohio Capital Fund, Tech Columbus and Cincytech. The collaborative program tracks venture capital investment activity, with an emphasis on early-stage investment.
The entire report is available online.