News: Portfolio 2008

Fastest Growing Regions for Venture Capital Investment Lie Outside Silicon Valley

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New Mexico at a Glance: 2007 Venture Investment

 

The state of New Mexico experienced significant venture capital investment growth in the last year, fueled largely by interest in clean technology and alternative energy. The area is part of the larger Southwest region that also has seen increased deal flow in the last several years.

 

"New Mexico has long been a world leader in its concentration of technology research and development - over $6 billion in R&D spending in 2007 alone, spread across a dozen national laboratories, public research universities, corporate laboratories, and independent think tanks," said Trevor Loy, managing partner of Flywheel Ventures. "Much of that innovation is concentrated in sectors of growing interest to venture capital investors - such as energy,

advanced materials, water treatment, optics, and high-performance computing. In parallel, policymakers in New Mexico have dramatically improved the business climate for entrepreneurship, including a particularly successful State Investment Council program that augments market-driven investments made by local and out-of-state venture investors. Coupled with the creative character of the 'Land of Enchantment' and its unique lifestyle advantages for entrepreneurs, the rapid growth of venture capital-funded entrepreneurship is a natural outcome."

 

Top industries: Clean Technology, Life Sciences, Semiconductors
Most Active Investors: Verge, Flywheel Ventures, EPIC Ventures
Stage of Investment: 52 percent of the companies were Seed/Early stage
Largest Investments: Advent Solar, MIOX Corporation, Aspen Avionics

 

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