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Life sciences venture capital in emerging markets

A Corrigendum to this article was published on 10 June 2013

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Figure 1: VC investments in innovative healthcare biotechnology by year.
Figure 2: Major VC investment categories for innovative healthcare biotechs.
Figure 3: Syndicate and mean investment size of life sciences VC deals by geography and by stage (series A or series B) from 2000 to 2012.

Change history

  • 30 April 2013

    In the version of this article initially published, in Table 1, the number of health biotech firms, including those not backed by venture capital, in South Africa, was given as 78 in 2007. It should be 64 in 2010. The error has been corrected in the HTML and PDF versions of the article.


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We gratefully acknowledge B. Pang for assisting with the statistical analysis and translation of the Chinese data.

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Correspondence to Justin Chakma.

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Justin Chakma is an analyst at a life sciences venture capital firm. Stephen M. Sammut is a venture partner at a life sciences venture capital firm.

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Supplementary Methods, Supplementary Tables 1 and 2, and Supplementary Figure 1 (PDF 356 kb)

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Chakma, J., Sammut, S. & Agrawal, A. Life sciences venture capital in emerging markets. Nat Biotechnol 31, 195–201 (2013).

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