Biotech Fund Flanders

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The Biotech Fund Flanders (Dutch: Biotech Fonds Vlaanderen) was founded by the Flemish government in 1994 as an instrument to support the creation of new companies, explicitly in biotechnology. [1] It provides venture capital to biotech companies in Flanders (Belgium). The fund has 21.7 million euro of capital and is managed by the GIMV.

Biotechnology Use of living systems and organisms to develop or make useful products

Biotechnology is the broad area of biology involving living systems and organisms to develop or make products, or "any technological application that uses biological systems, living organisms, or derivatives thereof, to make or modify products or processes for specific use". Depending on the tools and applications, it often overlaps with the (related) fields of molecular biology, bio-engineering, biomedical engineering, biomanufacturing, molecular engineering, etc.

Venture capital start-up investment

Venture capital (VC) is a type of private equity, a form of financing that is provided by firms or funds to small, early-stage, emerging firms that are deemed to have high growth potential, or which have demonstrated high growth. Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake, in the companies they invest in. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the firms they support will become successful. Because startups face high uncertainty, VC investments do have high rates of failure. The start-ups are usually based on an innovative technology or business model and they are usually from the high technology industries, such as information technology (IT), clean technology or biotechnology.

Flanders Community and region of Belgium

Flanders is the Dutch-speaking northern portion of Belgium and one of the communities, regions and language areas of Belgium. However, there are several overlapping definitions, including ones related to culture, language, politics and history, and sometimes involving neighbouring countries. The demonym associated with Flanders is Fleming, while the corresponding adjective is Flemish. The official capital of Flanders is Brussels, although the Brussels Capital Region has an independent regional government, and the government of Flanders only oversees the community aspects of Flanders life in Brussels such as (Flemish) culture and education.

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See also

Flanders Investment and Trade (FIT) was founded by the Flemish government in 2005. The FIT agency helps Flemish companies expand their business abroad and assists foreign companies in finding Flemish suppliers of quality goods and services. The FIT agency is headed by Claire Tillekaerts.

FlandersBio, founded in 2004, is the networking organisation for the life sciences sector in Flanders and represents and supports close to 300 member companies. The key strategic objectives of FlandersBio are knowledge exchange and valorisation, human capital development, internationalisation of the cluster activities and visibility, familiarisation of the public with products derived from the sector and the further development of a supportive environment for the members of FlandersBio.

The Participatiemaatschappij Vlaanderen (PMV) is an independent organization owned by the Flemish government which supports economic investment initiatives in Flanders.

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References

  1. "Biotech Fonds Vlaanderen managed by PMV from now on". Gimv. January 6, 2016.