|
|
Article: Report: VC investment in Upstate New York
- Article from:
- Daily Record (Rochester, NY)
- Article date:
- October 29, 2009
- Author:
CopyrightCopyright 2009 Daily Record (Rochester, NY). Provided by ProQuest LLC. (Hide copyright information)
|
The deal went down in Ithaca.
The Upstate region saw one instance of venture capital investment
in the third quarter according to the latest MoneyTree Report from
PricewaterhouseCoopers LLP and the National Venture Capital
Association, which is based on data provided by Thomson Reuters.
Novomer Inc. -- a developer of biodegradable plastics, polymers
and other chemicals -- saw an $8 million investment for expansion
from DSM Corporate Venturing, Flagship Ventures, OVP Venture
Partners (formerly known as Olympic Venture Partners) and Physic
Ventures.
The Upstate region still lags behind the rest of the nation for
the year when it comes to the number and dollar value of the deals
included in the ...