A remarkable comment

January 5, 2009
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Indiana has never been known as a hotbed of venture capital deals. That recognition has long gone to California and Massachusetts, and the numbers fall off quickly in other states.

So a statement in this weekend’s IBJ was noteworthy for its take on the budding climate in the state.

Ann Hanham, managing partner of Burrill and Co., the San Francisco-based biotech venture firm, was quoted by IBJ reporter Peter Schnitzler as saying the firm was worried about wasting its time when it entered Indiana five years ago.

Now, she said, Indiana is generating deal flow comparable to North Carolina — home to vaunted Research Triangle Park, where a number of big companies have research operations.

Indiana is nowhere near the big states and probably never will be. Still, her observation suggests the life sciences effort under way in the state in the past few years has gained substantial traction.

What’s your take?

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  • I agree. So many different components of Life Scienes are starting to emerge. They were always there, but normal everyday people are starting to see the benefits. From bio-engineered fuel, new compounds for cancer, hyrbid battery technology, windmill technology. The effort that private investors, state officials, and local entrprenuers have made is going a long way and will continue. Keep up the good work and I think in 3-5 years, some of those other larger companies will take notice and start shifting around operations and R&D money to the state.

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