BioRegion News Feature: Small VC Haul, Tax Incentives Slow Colorado's Ascent to Heights of Biocluster Tiers

Colorado is well on its way to hosting a growing life-sciences industry, but the state must build up its small-but-growing venture capital haul, and create more tax incentives before it can develop into a top-tier biocluster, the state's lifesciences industry group concluded in a recent report.

The Colorado BioScience Association's new Colorado Bioscience Roadmap 2008, prepared for CBSA by Battelle Memorial Foundation, acknowledged that the state has enjoyed growth in its cluster of life-sciences businesses, in academic programs and their accomplishments, and in state government subsidies intended to support the industry.

Link to the BioRegion News feature by Alex Philippidis

Battelle Study: Colorado 11th in the Nation in Bioscience Venture Capital Investment, with $1.3B

Colorado ranked 11th among US states for bioscience venture capital investment, with $1.3 billion invested between 2002 and the second quarter of 2008, according to the Colorado Bioscience Roadmap 2008, a report produced by Battelle Technology Partnership Practice, and released by the Colorado BioScience Association and Colorado's Office of Economic Development.

Link to the BioRegion News coverage

Colorado BioScience Association and Four Area Economic Development Groups Tout Colorado’s Strengths to the Medical Device Industry at MD&M West

Denver, CO, February 10, 2009 – For three days, representatives from the Colorado BioScience Association -- along with four of the state’s economic development entities -- will be showcasing Colorado’s vast medical device sector at the 25th annual Medical Design & Manufacturing (MD&M) West Expo. The announcement is made by John Collar, CBSA Executive Director, who says more than 16,000 medical device and product development professionals are attending MD&M West in Anaheim, CA, February 9-12, 2009.

The four economic development organizations attending MD&M West Expo with the CBSA include: Metro Denver Economic Development Corporation, City of Westminster, Jefferson Economic Council and Adams County Economic Development Corporation.

Link to the release posted at SmartBrief, Inc.