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Financing Biotechnology Innovation in Brazil
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Financing Biotechnology Innovation in Brazil



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  • 1. Financing biotechnology innovation in Brazil Eduardo Emrich Soares CEO & President Buenos Aires, September 25, 2006
  • 2. Company Life Cycle Time Cash flow Sales Risk Company Value + _ _ + Founders “Angels” Venture Capital Private Equity IPO Start-up Expansion Maturity Seed R&D Public Seed capital
  • 3. Public funding for biotechnology in Brazil
    • Historically only for research projects at universities and research centers
    • Recently, new funding mechanisms to cooperations programs between universities and technology based companies:
      • INOVAR Program to promote new venture capital funds
      • Grants from PIPE (Sao Paulo State) and PAPPE (national) to innovative projects
      • Funding to specific areas, technologies or products of the Industrial, Tehcnological and Foreign Trade Policy (PITCE)
    • The Technology Innovation Law
      • Promote partnership arrangements to new products and processes
  • 4. Results of the Public policy
  • 5. Results of the Public policy Nature Biotechnology 2004
  • 6. Private funding for biotechnology in Brazil Seed capital : new INOVAR program – funds under selection Venture Capital established in the last 3 years (INOVAR Program) Partnership with pharmaceutical companies starting nowadays IPO not a reality by now R&D projects in cooperation Product development companies Success case of funding a biotech company in Brazil
  • 7. Biominas Foundation [ who we are ]
    • What is it?
    • Non-profit private institution.
    • When and by whom was founded?
    • In 1990, by a group of biotech companies in Belo Horizonte/MG.
    • What is our main objective?
    • To support the creation of successfull biobusinesses in Brazil, thereby strengthening the biotech sector.
  • 8. Biominas Foundation [ what we do ]
    • New Ventures Creation and Development
    • Members of the Biominas Foundation team assist researchers and entrepreneurs in evaluating, planning and executing new business ideas.
    • Business Incubation
    • Infrastructure, technical and administrative services that support start-up companies.
    • Seed Capital
    • T he Biominas Foundation makes seed capital investments in start-up companies and helps them raise capital from other sources including government grants and venture capital firms.
  • 9. Biominas Foundation [ location ] Rio de Janeiro São Paulo Brasília Belo Horizonte
  • 10. Incubated companies
  • 11. Investments Technical cooperation BID e FUMIN Technology Transfer Program – PTT Seed money: US$ 3.250.000
  • 12. BioDiversa Brasil* * new project in creation Alvos acelerates the development of bioproducts Discovery Pre- Clinical Phase I Phase II Phase III Approval Launch
  • 13. Thank you. Building Biobusinesses