Venture capital investments are down nationally by 6 percent to $5.9 billion in Q1 of 2013, but VC investments to Montgomery County and D.C.-area companies is up 30 percent.
Gazette.Net reports that “the amount [of VC] funneled to Montgomery County and Washington-area companies in 2013’s first quarter jumped by 30 percent from the same period a year ago” to $286.3 million, “the most in the quarter in five years,” according to a report authored by PricewaterhouseCoopers and the National Venture Capital Association and based on Thomson Reuters data.
As for where the money is going, Gazette.Net writes that “[l]ess money is going into capital-intensive sectors such as biotechnology and clean technology — key areas in Montgomery and Frederick counties — and more in the information technology sector.”
Read the full article at Gazette.Net.
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