Venture capitalists invested $5.8 billion in the first quarter of 2012

Venture capitalists invested $5.8 billion in 758 deals in the first quarter of 2012.

The report shows that after a strong fourth quarter 2011, VC investment activity for the quarter fell 19 percent in terms of dollars and 15 percent in the number of deals compared to the fourth quarter of 2011 when $7.1 billion was invested in 889 deals.

  • Life Sciences and Clean Technology sectors saw decreases
  • Double-digit percentage increases in the Consumer Products and Services, and Telecommunications industries.
  • The Software industry received the highest level of funding for all industries

 

Read the full reportLeena Rao, TechCrunch

 

San Diego – becoming the country’s biotechnology corridor

It’s interesting how San Diego is positioning itself as the country’s greatest biotech corridor:

San Diego is in the midst of yet another big building boom…which involves some of the city’s biggest interconnected industries — science, medicine, biotechnology and engineering.

At least nine major structures are nearing completion, under way, or soon to start. The projects will cost at least $785 million to build, and will provide the region with about 1.1 million square feet of research, office, manufacturing and conference space.

“We went through a long period of consolidation (in biotech), but now the vacant space is pretty much filling up,” said Joseph Panetta, president of Biocom, an industry trade group. “We’re beginning to see an investment in facilities, and a willingness to growth these industries.”

The focus of each building:

  • Biopharmaceuticals
  • Innovative therapeutics
  • Biomedical research
  • Genomic research
  • Structural and materials engineering
  • Clinical and translational research
  • Planetarium
  • Ocean research
  • Marine ecosystem sensing

More details at UT San Diego