Steve Burrill

News

Burrill to start angel investment fund in northern Wisconsin

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.

By Thomas Lee

News

Minneapolis to host annual conference of university research parks

The University of Minnesota’s Biomedical Discovery District has the land. It has the money. Now it will get some serious validation. Next month, the university’s medical school will host the annual conference of the Association of University Research Parks (AURP), a chance for wonks in economic development, innovation and technology transfer to swap best practices […]

By Thomas Lee

With the Rise of AI, What IP Disputes in Healthcare Are Likely to Emerge?

Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.

News

Morning Read: Biopharma stocks looking shaky

Highlights of the important and the interesting from the world of healthcare: Biopharma stocks looking shaky: When Steve Burrill talks, investors listen. But biotech and pharmaceutical investors probably won’t like what they’re hearing from Burrill now. “At one time, in periods of economic uncertainty, investors would move into the relative safety of biotech and pharma,” […]

By Brandon Glenn

News

From rural Elk Run to Third World Chile, Burrill searches for capital

Steve Burrill may have encountered some difficulty raising local money for a planned $1 billion fund to back the Elk Run BioBusiness Center in Pine Island, Minn. But that hasn’t stopped the famed San Francisco-based investor from seeking other opportunities around the world. Burrill told Dow Jones Newswires Wednesday that he will partner with Austral […]

By Thomas Lee

News

Elk Run project taps real estate giant to market property

Backers of the Elk Run BioBusiness Park in Pine Island, Minnesota have hired the Minneapolis office of CB Richard Ellis to recruit tenants for the 200 acre property. CB Richard Ellis, the nation’s largest commercial firm, recently established a LifeScience team based in Minneapolis to focus on biotechnology, pharma, health care, and medical device industries. […]

By Thomas Lee

News

Gambling money to fund Elk Run bioscience project?

Forget the elk. Bring on the horses! The proposed Elk Run BioBusiness Park in Pine Island may get millions of dollars in state money from an unlikely source: Cantebury Park in Scott County, one of the two state’s two horse racing tracks. Under a proposal pitched by Racino Now, a group led by former Republican […]

By Thomas Lee

Hospitals

Upwind Medical Partners to create $8 million early stage fund

Another day, another new local early stage fund. Upwind Medical Partners is launching a $6 million to $8 million early stage fund that will focus on commercializing intellectual property from health care/research institutions like the University of Minnesota, Wisconsin Alumni Research Fund (WARF), Allina Hospitals & Clinics, and John Hopkins Hospital in Baltimore. Founded by […]

By Thomas Lee

News

Affinity Capital and Triathlon Medical Ventures plan new $10M early stage fund in Minnesota

Affinity's fund is not tied to a specific incubator, which means the firm will cast a larger net for start-ups. Given its history of investing exclusively in late stage companies, Affinity's move could provide Minnesota's early stage entrepreneurs a real shot in the arm.

By Thomas Lee

News

Night Read (Minnesota): Burrill bets $8 million on St. Paul biopharm start-up

In a speech at the annual meeting of the Rochester Economic Development Corp., Burrill was still short on details on the Elk Run BioBusiness Park in Pine Island.

By Thomas Lee

Hospitals

University of Minnesota and developers plan $20M venture fund to anchor major science park

The park should be Minnesota's answer to Research Triangle Park in North Carolina, a place where academics, scientists, investors and entrepreneurs converge to create breakthrough innovations developed and sold by homegrown companies, said Peter Bianco, director of lifescience business development of Halleland Health Consulting in Minneapolis. Bianco is spearheading the project.

By Thomas Lee

Health Services

Maximize Revenue and Patient Care with Strategic Weight Loss Management

We will highlight Build My Health's revenue practice management tools, which could help physician practices add up to $250,000 to their practices.

By Build My Health and MedCity News

Hospitals

Night Read (Minnesota): Pine Island approves financing plan for Elk Run bioscience project; University of Minnesota president has cancer

The Pine Island city council voted to create a nearly $3 million infrastructure financing plan for the Elk Run biotechnology project while University of Minnesota president Robert Bruininks discloses he has prostate cancer.

By Thomas Lee

Hospitals

New Minnesota biotech fund seeks $25 million with a little help from Steve Burrill and yours truly

Burrill is having trouble finding local money for the $500 million of the Elk Run fund that will purchase direct equity stakes in start-ups housed at the planned Elk Run Biosciences Center. So it's no surprise that Coordinate is trying to appeal to the state's sense of economic pride.

By Thomas Lee

Hospitals

Wanted: Money for $1 billion Bioscience Project. Contact Steven Burrill

Sources say Burrill is nowhere near $1 billion. Depending on whom you ask, Burrill has secured anywhere from zero dollars to $250 million.

By Thomas Lee