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Startup Businesses in the Pittsburgh Region Win Over Investors

from Pittsburgh Post-Gazette

For startup businesses in Pittsburgh, 2016 was a very good year. Overall investment in startups ballooned 34.6 percent to $376 million from $280 million in 2015, according to a new report by Innovation Works Inc. and Ernst & Young LLP. In addition, venture capital investment rose 8.1 percent last year to $235.1 million from $217.4 million in 2015, bucking a nationwide decline in the funding stream, which is usually among the larger funding sources available to startup companies. more

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