Life sciences investing is doing relatively well locally, despite slow economy - Business First of Louisville:

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“I think, as I have for a few years, that thered is a lot of good and interesting and very compelling technology, which is the basis for developinyg any companies. So I thinm we have a lot of good materialk tostart with. “The issue that we have, whic is not at all uniqu e toLouisville … is the need for seed-stagee capital. And that is being addressexd here by a fewdifferent One, there are a couple of angel groupsx that have formed. The state has some The seed fund that I managew is obviouslya source. So, there are some sources for seed but we always canuse more.
“Andx in this current economic environment, it is even more an issuwe because the fund raising isvery difficult. So, we as we need to make sure that we can fund the companiew for longer periodsof time, supporyt them for longer, so they can achieve more milestones and weathe the storm at the same … with the expectation that once things get better and these companies get a little further it will be easier to get financing.” Are you seeinb many new ideas that could become companies? “We’red definitely seeing a steady amount. I can’t reallg tell you that is it is agrowingh number. But there seems to be a steadyt flow fromthe universities.
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