Capital raised in North America and Europe by year (US$m)
Source: Ernst & Young, BioCentury, BioWorld and VentureSource.Numbers may appear inconsistent because of rounding. Convertible debt instruments included in “follow-on and other.”
Enough to sustain innovation? Innovation capital in North America and Europe by year
Source: Ernst & Young, Capital IQ, BioCentury and VentureSource.Innovation capital is the amount raised by companies with revenues of less than US$500 million.