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Draft:BioInnovation Institute

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BioInnovation Institute
AbbreviationBII
Founded2020 (4 years ago) (2020)
FocusStartup accelerator
Location
Key people
Jens Nielsen, CEO
Endowment€470M
Employees80+

The BioInnovation Institute (BII) is a non-profit foundation established in 2020 in Copenhagen, Denmark with a grant from the Novo Nordisk Foundation[1][2][3][4]. It operates an international business incubator aimed at the acceleration of start-ups based on bio-based scientific discoveries[5][6][7][8], typically as university spin-outs[9][10][11][12], as well as on quantum engineering in collaboration with NATO[13]. BII administers the BII & Science Prize for Innovation in cooperation with the American Association for the Advancement of Science[14][15].

At the end of 2023, BII had invested 115 million € across 101 start-up projects[16].

References

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  1. ^ Ministry of Foreign Affairs of Denmark, BioInnovation Institute - A Life Science commercialisation platform attracting investment and new start-ups to Denmark. Accessed in December 2024
  2. ^ The Novo Nordisk Foundation establishes BioInnovation Institute as an independent foundation. Accessed in December 2024
  3. ^ Medicon Valley Alliance. Accessed in December 2024
  4. ^ The Novo Nordisk Foundation establishes BioInnovation Institute as an independent foundation. Accessed in December 2024
  5. ^ Nielsen, J., Herrgård, M.J. & Soni, B. The BioInnovation Institute as a catalyst for European life science startup creation. Nat Biotechnol 40, 1175–1177 (2022). https://doi.org/10.1038/s41587-022-01416-w
  6. ^ Labiotech.eu Beyond Biotech podcast 13: BioInnovation Institute, IASP
  7. ^ Biocentury.com Creation House-funded start-ups: Data Byte, Four newcos join the BioInnovation Institute’s incubator program. Accessed in December 2024
  8. ^ Femtechinsider - BioInnovation Institute Receives a Grant from the Gates Foundation to Launch a New Initiative Focused on Women’s Health. Accessed in December 2024
  9. ^ UC Davis and BioInnovation Institute Team Up to Improve Protein Nutrition on a Global Scale. Accessed in December 2024
  10. ^ UNC School of Medicine - Wolfgang Teams with MIT & BioInnovation Institute to Combat Antibiotic Resistance. Accessed in December 2024
  11. ^ Danish National Research Foundation - Anja Boisen receives a large grant from the BioInnovation Institute. Accessed in December 2024
  12. ^ Stimuliver is enrolled into BioInnovation Institute’s Venture Lab program. Accessed in December 2024
  13. ^ Deep Tech Lab - Quantum at NATO. Accessed in December 2024
  14. ^ BioInnovation Institute & Science Prize for Innovation. Accessed in December 2024
  15. ^ MIT - Benedetto Marelli awarded BioInnovation Institute & Science Prize for Innovation. Accessed in December 2024
  16. ^ Labiotech.eu Ten new companies join BioInnovation Institute’s Venture Lab program. Accessed in December 2024