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Belgian early-stage investor biotope raises €5 million to support up to 30 international BioTech startups
- Belgian early-stage investor biotope by VIB has secured €5 million for its Biotope Ventures 2 fund to support up to 30 international early-stage BioTech startups.
- Contributors to the fund include Belgian Bank BNP Paribas Fortis, VC Agri Investment Fund (AIF), and others.
- The funding enables biotope to invest €250k in each startup, allowing founders to focus on their technology.
- biotope, launched in 2022 by VIB, backs BioTech startups driving positive change for planetary health.
- The approach is founder-centric, with a focus on diverse, mission-driven Founders.
- Biotope is setting up Biotope Ventures Fund 2 to continue its impact investing in BioTech.
- Startups receive a cash investment and support to prepare them for future rounds.
- Selected startups go through a basecamp and receive hands-on support to de-risk their biotechnology.
- biotope's first fund invested in 16 European startups and some have already closed their Seed round.
- The portfolio startups have collectively attracted €30 million in follow-on financing.
- biotope emphasizes the importance of investing in dedicated founders who share the vision for solving planetary health challenges.
- 75% of startups supported by biotope have mixed-gender founding teams.
- 58% of startup employees are women, with 48 high-quality FTE jobs created.
- Investors like AIF and Anacura express support for biotope's work in the BioTech ecosystem.
- The funding milestone marks a significant achievement for biotope and its commitment to supporting impactful BioTech ventures.
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