Wisconsin's early-stage investment market is
thriving. In 2006 we tracked more than $102 million in
early-stage investments made in 48 companies and found
that angel networks made 38% more investments than in
2005. (Download
the report) Why such a strong market? Innovation.
From manufacturing technologies to software to the
biosciences, Wisconsin is the home of a diverse set of
entrepreneurs and technologies. In this month's
eVestor we examine Wisconsin's leadership in an
expanding worldwide market, stem cell products and
services. Below we profile five companies that are
making their mark in the evolving stem cell market.
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Stem cells in Wisconsin |
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There are various estimates of the number of
stem cell companies in the world. With the
industry growing so quickly estimates have ranged
from 40 to 100 worldwide. Wisconsin holds a share
of this market with five stem cell companies
calling our state home.
Cellular
Dynamics International, Inc. - Founded
in-part by Craig January, Tim Kamp and James
Thomson, this company screens drugs on human
cells. Established in 2005.
Stem
Cell Products, Inc. - Company founded
in-part by UW researchers James Thomson, Igor
Slukvin and Dong Chen who are working to create
blood products from embryonic stem cells. Founded
in 1998.
Stemina
Biomarker Discovery Inc. - Evaluates the
safety and effectiveness of drugs among other
focuses. Gabriela Cezar is the company's
scientific officer and Beth Donley serves as the
company's chief executive officer. Established
November 2006.
CellCura,
Inc. - This Norwegian-born company
announced in December 2006 it will move to
Madison. The company is currently seeking
additional investors.
Cell
Line Genetics, LLC - Founded by Lorraine
F. Meisner in late 2005, this company provides
services and products to research institutions,
biotechnology and pharmaceutical companies focused
on embryonic stem cell and cancer research.
Market Facts:
- Nations, state governments and private
investors have committed or invested nearly $12
billion to human embryonic stem cell research
over the past five years
- The market for stem cell products in the
United States was $16.4 million in 2006 and an
estimated $35 million in 2007. It is expected to
grow at a compound rate of 50 percent per year
for the next 10 years.
- Total market size in the United States is
estimated to be $10 billion by 2016. That would
translate into more than 100,000 jobs
nationwide.
- Wisconsin could capture at least 10 percent
of that market, creating at least 10,000 jobs.
- Wisconsin's biotechnology industry as a
whole contributes approximately $7 billion to
the Wisconsin economy and accounts for 22,000
jobs.
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The Wisconsin Edge |
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Coordinated by the Wisconsin
Technology Council and its partners, The Wisconsin
Edge is a public awareness initiative touring that
uses statewide meetings and publications to
educate citizens about stem cell research in
Wisconsin. It's focus: stem cell research in
Wisconsin.
Since January 2007, The Wisconsin Edge speakers
have spoken to more than 900 individuals about the
tremendous potential stem cell research holds for
improving the human condition and the state's
economy.
Learn
more about The Wisconsin Edge
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BIO Boston 2007 |
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Interested in learning more about Wisconsin
companies in the biotech industry? Meet Wisconsin
companies who presented at this year's BIO
convention in Boston, the world's largest
biotechnology conference. The blog also includes
convention coverage, interviews, and video feeds
concerning Wisconsin participants.
View
the BIO Blog View
presentations from Wisconsin companies
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Deals Made |
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$4.3 million in 2 deals were
reported to WAN during the past month.
TrafficCast
International $2 million by Phenomenelle
Angels*, NEW Capital Fund*,
Women Angels* and
individual angels ProCertus BioPharm
$2.3 million by Venture Investors* and Novartis
Venture Fund *WAN Investor-member
NimbleGen Systems' much
anticipated IPO was scraped for $272.5 million in
cash from acquirer Roche. For the second time this
year investors have been delivered a great exit.
What's happening to Wisconsin's risk capital
scene? Find out by reading our 2006
Wisconsin Risk Capital Report.
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Upcoming Events |
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Regulatory
Fairness Forum for Small Business July
10, Milwaukee SBDC's
Economic Development Breakfast, The Wisconsin
Edge July 12, Madison SBDC's
Small Business Fundamentals July 17,
Madison WIN-Madison:
Patent Reform Efforts in Congress July
31, Madison Lake
Superior Technology Conference August
8-9, Ashland Advances
in Therapeutic Discovery and Drug Development
August 15-17, Augusta, MI Investors
Only: Madison Business and Investors'
Forum August 30, Madison 2007
BIO Mid-America VentureForum September
24-26,
Milwaukee Call for
presenting companies occurring now
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