Technology & Research

Technology and Research Funding

#4 in VC Deals: Washington-Baltimore ranked 4th for the total number of venture capital deals in biotechnology in the five year period from 2003 to 2008, behind only San Francisco, Boston and New York.
#6 in Biotechnology Funding: Washington-Baltimore ranked 6th for venture funding in biotechnology among US regions, with almost $991 million invested from 2002 to 2006. The top regions were San Francisco, Boston and San Diego.
#1 in VC Growth: Washington-Baltimore ranked first for growth in venture capital investment (134.3 percent) and deals (121.5 percent) among top markets for biotechnology when comparing the past five years (2002 to 2006) against the previous five (1997 to 2001).
#3 in SBIR Awards: Maryland ranks 3rd among the 50 states, behind only California and Massachusetts, for Small Business Innovation & Research dollars awarded, at $113.6 million in 2004.
The Greater Baltimore area is home to ten nationally recognized research universities, as well as Johns Hopkins University, which ranks #1 for R&D expenditures.

VC Clustering: Over 89 percent of all US venture capital invested in biotechnology over the past five years was in firms located in the top 9 benchmark regions.

*Top Areas for Venture Capital in the U.S.*
Rank	Metro Area	Area Covered by Money Tree	Total # Deals 5-Year Period	Total $ Invested 5-Year Period	% of US Total Deals	% of US Total Investments
1	San Francisco-San Jose	Silicon Valley	5,179	$43,160,191,500	31.00%	35.30%
2	Boston	New England	2,189	$16,047,397,500	13.10%	13.10%
3	New York	New York Metro	1,116	$8,672,839,100	6.70%	7.10%
4	Washington-Baltimore	DC-MD-VA	983	$5,300,539,200	5.90%	4.30%
5	Los Angeles	LA-Orange County	904	$7,307,574,000	5.40%	6.00%
6	Austin, Dallas, Houston	Texas	862	$6,558,844,300	5.20%	5.40%
7	San Diego	San Diego Metro	675	$6,411,193,500	4.00%	5.20%
8	Seattle	Washington	633	$4,443,239,900	3.80%	3.60%
9	Philadelphia, Pittsburgh	Pennsylvania	563	$3,467,192,900	3.40%	2.70%
10	Philadelphia	Philadelphia Metro	493	$3,321,405,600	2.90%	2.80%
Data Source: Economic Alliance of Greater Baltimore Assessment, using data from PWCMoneyTree and the National Venture Capital Association, 2008. Note: In most cases data is not available by metro area; this chart uses the closest geographic entity available, such as state or broader region, as a proxy for each. *The only proxy for Pittsburgh is Pennsylvania; however the Philadelphia metro received the vast majority of PA VC funding, as evidenced by its #9 ranking.