Wisconsin Angel group helps young firms take wing $50 million invested in 2005, report says

Wisconsin investors stepped up to grow their own, putting at least $50 million into young companies in 2005, according to a report that will be released today at the biotechnology industry’s annual conference.

The state fell short, however, of a goal developed five years ago of having $200 million in annual venture capital funding. In fact, Wisconsin’s venture capital ranking dropped to 35th in 2005 from 26th in 2004, according to the study, called "Risk Capital in Wisconsin: A Progress Report."

In other news, the Wisconsin Institutes for Discovery will encourage collaboration with researchers from other centers in the state such as the Medical College of Wisconsin and Marshfield Clinic, said Elizabeth L.R. Donley, general counsel at the Wisconsin Alumni Research Foundation.

By KATHLEEN GALLAGHER
[email protected]

Full Story: http://www.jsonline.com/story/index.aspx?id=414829