Wednesday, September 7, 2011

Feature: 'Venture capital drought affecting Colorado's crop of medical inventions'

Quoting from the Aurora Sentinel:

"Kevin Smith, who runs CID4, said the organization looks similar to a grant-writing agency that might fund research or some early-stage investment in a bioscience company. But that’s not really their goal, he said.

'Our mission is not just to give the money to a researcher and hope he or she comes up with something interesting, but to actually take an already identified or discovered technology and get it developed,' he said.

Smith said CID4 works with start-ups that are often in a phase of their development known is the industry as the 'valley of death.'"

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