Financing Biotechnology Innovation in Brazil


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Financing Biotechnology Innovation in Brazil

  1. 1. Financing biotechnology innovation in Brazil Eduardo Emrich Soares CEO & President Buenos Aires, September 25, 2006
  2. 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. 3. Public funding for biotechnology in Brazil <ul><li>Historically only for research projects at universities and research centers </li></ul><ul><li>Recently, new funding mechanisms to cooperations programs between universities and technology based companies: </li></ul><ul><ul><li>INOVAR Program to promote new venture capital funds </li></ul></ul><ul><ul><li>Grants from PIPE (Sao Paulo State) and PAPPE (national) to innovative projects </li></ul></ul><ul><ul><li>Funding to specific areas, technologies or products of the Industrial, Tehcnological and Foreign Trade Policy (PITCE) </li></ul></ul><ul><li>The Technology Innovation Law </li></ul><ul><ul><li>Promote partnership arrangements to new products and processes </li></ul></ul>
  4. 4. Results of the Public policy
  5. 5. Results of the Public policy Nature Biotechnology 2004
  6. 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. 7. Biominas Foundation [ who we are ] <ul><li>What is it? </li></ul><ul><li>Non-profit private institution. </li></ul><ul><li>When and by whom was founded? </li></ul><ul><li>In 1990, by a group of biotech companies in Belo Horizonte/MG. </li></ul><ul><li>What is our main objective? </li></ul><ul><li>To support the creation of successfull biobusinesses in Brazil, thereby strengthening the biotech sector. </li></ul>
  8. 8. Biominas Foundation [ what we do ] <ul><li>New Ventures Creation and Development </li></ul><ul><li>Members of the Biominas Foundation team assist researchers and entrepreneurs in evaluating, planning and executing new business ideas. </li></ul><ul><li>Business Incubation </li></ul><ul><li>Infrastructure, technical and administrative services that support start-up companies. </li></ul><ul><li>Seed Capital </li></ul><ul><li>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. </li></ul>
  9. 9. Biominas Foundation [ location ] Rio de Janeiro São Paulo Brasília Belo Horizonte
  10. 10. Incubated companies
  11. 11. Investments Technical cooperation BID e FUMIN Technology Transfer Program – PTT Seed money: US$ 3.250.000
  12. 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. 13. Thank you. Building Biobusinesses