A report just released by the local tech industry organization Connect shows a jump in both the number of local tech start-ups and venture capital investment in the second quarter.

New start-ups in San Diego County totaled 102 in the second quarter, a 55 percent jump from the first quarter. And a total of $172 million in venture capital was invested in 22 local companies in the second quarter, according to the report, a 90 percent increase from the previous quarter.

The report also showed a 15 percent increase in patents — from 629 to 728 — issued to local companies in the second quarter. And federal grant money flowing to San Diego County reached $265 million, an all-time high, according to the report.

A hat tip to Xconomy for the heads up on the report.


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