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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