Biotech Fund Flanders
Encyclopedia
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
. 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
.
Flemish government
The Flemish Government is the executive branch of the Flemish Community and the Flemish Region. It consists of up to a maximum of eleven ministers, chosen by the Flemish Parliament...
in 1994 as an instrument to support the creation of new companies, explicitly in biotechnology
Biotechnology
Biotechnology is a field of applied biology that involves the use of living organisms and bioprocesses in engineering, technology, medicine and other fields requiring bioproducts. Biotechnology also utilizes these products for manufacturing purpose...
. It provides venture capital
Venture capital
Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...
to biotech companies in Flanders
Flanders
Flanders is the community of the Flemings but also one of the institutions in Belgium, and a geographical region located in parts of present-day Belgium, France and the Netherlands. "Flanders" can also refer to the northern part of Belgium that contains Brussels, Bruges, Ghent and Antwerp...
(Belgium
Belgium
Belgium , officially the Kingdom of Belgium, is a federal state in Western Europe. It is a founding member of the European Union and hosts the EU's headquarters, and those of several other major international organisations such as NATO.Belgium is also a member of, or affiliated to, many...
). The fund has 21.7 million euro
Euro
The euro is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg,...
of capital and is managed by the GIMV
GIMV
Gimv is a European investment company with experience in private equity and venture capital. The company is listed on Euronext Brussels. Gimv currently manages around EUR 2.0 billion of assets ....
.
See also
- Science and technology in FlandersScience and technology in FlandersScience and technology in Flanders, the northern region of Belgium , is well developed with the presence of several universities and research institutes...
- Venture capitalVenture capitalVenture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...
- FlandersBioFlandersBioFlandersBio is a non-profit organization which represents the cluster of Flemish life sciences in Belgium. The members of FlandersBio are organizations involved with Research and Development, and production in life sciences, or organizations and companies servicing Flemish life sciences...
- Participatiemaatschappij VlaanderenParticipatiemaatschappij VlaanderenThe Participatiemaatschappij Vlaanderen is an independent organization owned by the Flemish government which supports economic investment initiatives in Flanders.-History:...
(PMV) - Flanders Investment and TradeFlanders Investment and TradeThe Flanders Investment and Trade was founded by the Flemish government in 2005. The FIT agency helps both Flemish companies with expanding their business abroad as well as to assist foreign companies sourcing Flemish suppliers of quality goods and services. The FIT agency is headed by Christ’l...
- Flanders Interuniversity Institute of Biotechnology (VIB)
- Institute for the promotion of Innovation by Science and TechnologyInstitute for the promotion of Innovation by Science and TechnologyThe Agency for Innovation by Science and Technology is a public institution in Flanders to provide R&D and innovation support. The institute was established by the Flemish government in 1991...
(IWT)