Biotechnology Catching the Eyes of Venture Capitalists

Which sector do you think attracts the most venture capital? Software? If your answer is software then you are wrong as it has been displaced by biotechnology. This was revealed in a survey conducted by MoneyTree. In the third quarter biotechnology attracted $1.14 billion worth of venture capital as compared to $1.09 billion by the software industry. For the past decade software was the first love of venture capitalists and it was just once in 2003 that biotechnology lead the scene. This trend demonstrates that the industry is maturing and consolidating. With the interest of capitalists declining in the software industry they are moving to other sectors such as internet, alternative energy, medical devices, biotechnology etc. Certainly this trend would definitely infuse confidence in this technology.

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