Tuesday, August 14, 2007

Funding by angels up 10.8% / Individuals invested $25.6 billion in '06 -- big slice in health care

Funding by angels up 10.8% / Individuals invested $25.6 billion in '06 -- big slice in health care: "He said the aging of the Baby Boom generation and the growing reliance on information technology in health care has prompted entrepreneurs to explore new business opportunities. He cited the trend of making medical records digital and more easily accessible to patients and their health care providers. 'There is an opportunity here to automate and integrate,' he said. 'I think there is a screaming need for streamlining the management of patient information.' The study said angel investments were also the largest source of initial capital, with 46 percent of investments in the seed or startup stage."

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