Steve Burrill: $350 million from Capital Fund IV will close this month

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Steve Burrill: $350 million from Capital Fund IV will close this month

August 1, 2011 6:06 pm by | 0 Comments

Biotech industry observer G. Steven Burrill says he will soon have $350 million to invest in a broad range of companies. Burrill late last week filed paperwork with the Securities…


No buildings yet at Elk Run biobusiness park, but lawsuit has been filed

No buildings yet at Elk Run biobusiness park, but lawsuit has been filed

February 13, 2012 3:53 pm by | 5 Comments

People waiting for construction to start at the much-touted Elk Run biobusiness park are getting used to the idea of delayed gratification as yet another construction deadline has come and…


Minnesota’s would-be biotech park Elk Run inks its first big commitment

Minnesota’s would-be biotech park Elk Run inks its first big commitment

September 16, 2011 6:19 pm by | 0 Comments

Recombinetics, a Minneapolis-based company that genetically engineers pigs for biomedical and agricultural purposes, has formally signed up to set up shop in the Elk Run BioBusiness Park. “Recombinetics just signed…



No building stands yet on Elk Run property; yet interchange is on schedule

No building stands yet on Elk Run property; yet interchange is on schedule

April 12, 2011 12:05 pm by | 0 Comments

One thing the interminably delayed Elk Run biotech/real estate development in southeastern Minnesota demands is patience. And that’s exactly what the Minnesota Department of Transportation has displayed in great abundance….


Venture capitalist abandons effort to create Minnesota early stage fund(?)

Venture capitalist abandons effort to create Minnesota early stage fund(?)

January 6, 2011 3:05 pm by | 0 Comments

Fund founder Jim O’Reilly says it was “fairly impossible” to raise money. For O’Reilly, explaining Upwind to potential investors proved to be a challenge in itself. For one thing, O’Reilly insisted Upwind was not a “fund” but rather a “new model” for developing startups.


2011 predictions on biotech from Steven Burrill

2011 predictions on biotech from Steven Burrill

December 31, 2010 12:02 pm by | 0 Comments

As you’ve probably read, Steven Burrill’s predictions regarding the biotech industry go over at MedCity News the way former Detroit Lions President Matt Millen’s football forecasts go over in Michigan. Nonetheless, it’s notable when the renowned biotech specialist, venture capitalist, author and keynote speaker offers his thoughts on currents events in life sciences and the future of the industry next year (even if it is to promote his upcoming book: Biotech 2011-Life Sciences: Looking Back to See Ahead).


Elk Run developer CEO gets medieval on MedCity News

Elk Run developer CEO gets medieval on MedCity News

December 15, 2010 12:53 pm by | 10 Comments

When you’re the president and CEO of a major national real estate development firm, it’s best to develop a thick skin. It’s also probably not a good idea to post public comments to a news website when you’re pissed off at 1 o’clock in the morning. Yet that’s exactly what Steve Marks, CEO of Tower Investments in California did upon reading my story Tuesday on the troubled Elk Run BioBusiness Park his company is developing in Pine Island, Minnesota.


Will God save the Elk Run BioBusiness Park project in Minnesota?

Will God save the Elk Run BioBusiness Park project in Minnesota?

December 14, 2010 4:36 pm by | 9 Comments

“There are two things that we know about the universe,” Abraham Algadi said. “We can only control the things we can control. The rest, we leave to a higher power.” Algadi is not a priest or philosopher, at least professionally. Algadi, the city administrator for Pine Island, Minnesota, was referring to the fate of the much maligned, often delayed Elk Run BioBusiness Park.



RIP Minnesota House Biosciences Committee

RIP Minnesota House Biosciences Committee

December 1, 2010 5:51 pm by | 1 Comments

The incoming Republican leadership in the Minnesota state legislature already is making good on its promises to streamline government. Last month, GOP officials unveiled a significantly slimmer committees structure, designed to eliminate redundancy and speed the notoriously slow business of making policy and passing laws. One casualty of the slimmer structure will be The House Committee on Biosciences and Workforce Development.


Burrill & Co., Infinity Group to invest in China

Burrill & Co., Infinity Group to invest in China

October 14, 2010 1:52 pm by | 0 Comments

Burrill & Co. and the Infinity Group are joining forces to pursue investments in Chinese life science companies. San Francisco-based Burrill, a venture capital/private equity player that’s also trying to launch a $1 billion investment fund in Minnesota, and Israel- and China-based Infinity will co-invest in U.S. dollars and Chinese renminbi as equal partners, according to a press release.


Heavy floods may delay construction of Elk Run BioBusiness Park

Heavy floods may delay construction of Elk Run BioBusiness Park

September 27, 2010 9:05 am by | 3 Comments

Is it my imagination or does the Elk Run development project in Pine Island, Minnesota, seem a little… what’s the word I’m looking for?… oh, yeah… cursed? Don’t believe me? Well, let’s examine events from the past 12 months or so.


Coordinate Capital mum on Minnesota biotech fund

Coordinate Capital mum on Minnesota biotech fund

September 22, 2010 12:07 pm by | 1 Comments

Steve Burrill may have trouble keeping quiet about the proposed $1 billion fund to back the Elk Run BioBusiness Park, but at least one Burrill-related fund in Minnesota has largely remained silent on its plans. Coordinate Capital LLC has been trying to raise a $25 million local fund to invest in biomass, energy and life science startups. Ten months later, CEO and managing partner Andrew Pulkrabek has stuck to its guns — by not saying anything. Which is not necessarily a bad thing.


Burrill’s comments on Elk Run give me whiplash

Burrill’s comments on Elk Run give me whiplash

September 17, 2010 11:02 am by | 9 Comments

Pop quiz time: when did Steven Burrill say he hopes to complete a $1 billion deal to finance the Elk Run BioBusiness Park in Pine Island, Minnesota? A. End of September B. End of the year C. Neither of the above


Burrill: ‘We’ve made an exceptional commitment’ to Minnesota

Burrill: ‘We’ve made an exceptional commitment’ to Minnesota

September 7, 2010 12:47 pm by | 2 Comments

Fairly or not, Steve Burrill’s reputation in Minnesota will rest a great deal on whether he can deliver the $1 billion investment fund to back the Elk Run BioBusiness Park in Pine Island. He says he’s close. But fund or no fund, Burrill said Minnesota already has benefited from his interest and his checkbook.


With foreign fund, Burrill says $1B Elk Run fund at ‘goal line’

With foreign fund, Burrill says $1B Elk Run fund at ‘goal line’

September 3, 2010 11:12 am by | 0 Comments

The man responsible for finding cash to support the Elk Run BioBusiness Park says he’s in final negotiations with a foreign investor for the long-promised $1 billion investment fund. In an interview with MedCity News, Steven Burrill says he is working out the details of a limited partnership agreement with a sovereign wealth fund. He hopes to close the deal by the end of the month.


Burrill to start angel investment fund in northern Wisconsin

Burrill to start angel investment fund in northern Wisconsin

August 31, 2010 4:02 pm by | 0 Comments

Steve Burrill is searching for money, this time among rich vacation-goers in northern Wisconsin. The San Francisco-based biotech investor who is trying to create a $250 million investment fund to back the Elk Run BioBusiness Park in Pine Island, Minnesota, also is forming a new angel investment group in the Badger State.

Burrill is joining forces with former Wisconsin commerce secretary Dick Leinenkugel to target wealthy individuals and families inhabiting vacation homes in the well-to-do resort area of Vilas County in northern Wisconsin.