MINNESOTA LEADS MIDWEST IN HEALTH-TECH STARTUPS

For any business ecosystem to survive, the environment must be robust enough to support the mature firms, while providing the necessities that ensure future growth and development. Minnesota has a longstanding track record in healthcare and health technology that position the state as a global leader. Despite this, it is often undervalued for its sustained success leading the health tech start-up community worldwide.

This year has seen the Midwest region receive increased national attention for its thriving startup ecosystem. The health-tech community in particular, has been a hot topic. However, the majority of these publications have failed to further define the major players in the Midwest. Therefore, we investigated metrics surrounding health technology startup viability and success from 2012–2016 for each state in the Midwest. Our results show Minnesota leads the entire region when it comes to launching and succeeding as a health technology start up over the past five years.

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