Fall 2013 Issue of Horizons
St. Louis Startup Funding by Stage
The measures are intended to increase transparency within the system and reduce the incentive to litigate. The desired outcome is a reduction in the risks and expenses facing innovators and an increase in the level of research and development activity. These issues are particularly relevant to IP intensive life science entities. In addition, the increasing utilization of technology and data analytics within the life science industries to facilitate research and development means that these patent issues will continue to be of high importance. RubinBrown’s Life Sciences Services Group will continue to update you as more information becomes available. Funding Update How does the St. Louis region compare in its funding for start-ups? According to data compiled by the St. Louis Regional Chamber used as part of the Regional Entrepreneurial Initiative, the sources for ‘pre-seed’ funding are improving as noted in the chart to the right. In Kansas City, the number of life sciences companies continues to grow at a steady rate. As noted in the Kansas City Business Journal, the challenge is to keep these early successful companies in the region.
Pre-Seed ($25K - $250K)
Seed ($250K - $1M)
Venture Capital ($1M+)
4
5 7 7
10 13 15
2006
2006
2006
11 20
2009
2009
2009
2012
2012
2012
Source: St. Louis Regional Chamber
Number of Kansas City Life Sciences Companies
Total life sciences companies in the region
Total life sciences companies that moved, closed or for which KCALSI had no information
199 206 240
21 19 16
2006
2006
2009
2009
2012
2012
Source: Kansas City Area Life Sciences Institute
RubinBrown Life Sciences Services Group RubinBrown provides specialized accounting, tax, and business advisory services to animal health, human health, renewable energy, and plant sciences companies around the country.
Steve Hays, CPA – St. Louis Partner-In-Charge Life Sciences Services Group 314.290.3336 steve.hays@rubinbrown.com
Todd Pleimann, CPA – Kansas City Managing Partner, Kansas City Office 913.499.4411 todd.pleimann@rubinbrown.com
Jason Mannello, CFA – St. Louis Vice Chair Life Sciences Services Group 314.290.3216 jason.mannello@rubinbrown.com
Rodney Rice, CPA – Denver Partner Life Sciences Services Group 303.952.1233 rodney.rice@rubinbrown.com
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