According to BioEnterprise, Cleveland continues to be a leader in the Midwest when it comes to raising money for start-up healthcare companies. Last year, healthcare-related start-ups in Cleveland raised just over $135 million in investments. Cleveland was third in the Midwest in start-up allocations behind Chicago and Minneapolis, according to the Midwest Healthcare Venture Report released by Cleveland's BioEnterprise, which supports the growth of bioscience enterprises.

Cleveland-based start-ups benefited from the generosity of 64 national investors, according to the report. The area is also home to numerous healthcare investment companies, which contributed to local and out-of-region start-ups in 2010. These investors include Bridge Investment Fund, Primus Capital and Riverside, which completed 24 acquisitions in 2010.

Baiju Shah, president and CEO of BioEnterprise, says that the number of companies receiving investments has stayed high even through the recession. While 2010 was somewhat of a difficult year, Shah says that investment activity picked up toward the end of 2010.

Read the full prospectus here.

SOURCE: BioEnterprise
WRITER: Diane DiPiero