$6.7 million was invested in Kansas companies in the third quarter of 2007 according to the MoneyTree™ Report from PricewaterhouseCoopers and the National Venture Capital Association based on data provided by Thomson Financial. Nationally, Kansas ranked 24th in venture capital investments.

“Recently KTEC has updated its investments in Thomson Financial, so that the capital investment in Kansas is accurately reported,” said Michele Weigand, Chief Investment Officer for KTEC. “We’re excited for the exposure Kansas has received and are confident our rankings will continue to improve.”

Included in the $6.7 million:

• TDP Inc., Westwood, received $300,000 from KTEC for Save My Coupons, an end to end online platform that links shopper’s online actions to their real-world offline purchases, and brings shoppers, coupons and retailers together in a completely paperless digital community of value.
  
  
• KTEC invested $150,000 in Innovia Medical L.L.C., Lenexa, which develops and markets medical products under the EarCheck® brand that accurately detect middle ear fluid, a key sign of ear infection in children. The EarCheck® Monitor sends soft, pleasant sound waves into a child's ear canal. Some of the sound reflects off the eardrum and travels back to the built-in microphone. Advanced electronics analyze the sound to determine if middle ear fluid is present.

“This report shows Kansas’ ability to raise venture capital financing is improving, however more effort is needed in Kansas’ efforts to attract venture capital,” said Tracy Taylor, President and CEO of KTEC.

The MoneyTree Report is a quarterly study of venture capital investment activity in the United States. As collaboration between PricewaterhouseCoopers and the National Venture Capital Association based upon data from Thomson Financial, it is the only industry-endorsed research of its kind. The MoneyTree Report is the definitive source of information on emerging companies that receive financing and the venture capital firms that provide it. The study is a staple of the financial community, entrepreneurs, government policymakers and the business press worldwide.