UK Innovation Investment Fund: Are The Right Managers On The Job?
This article was originally published in The Pink Sheet Daily
An effort to close the venture funding gap with the U.S. gets potential help in several ways.
You may also be interested in...
A group of pharmaceutical companies, charities and the UK government are funding the first venture capital fund targeted against a specific condition, dementia.
British biotech companies want the U.K. government to adopt a French method of funneling funds into the cash-strapped sector from private individuals in return for favorable rates of investment tax, on grounds that a version of France’s long-running Fonds Commun de Placement dans l'Innovation is needed for small-to-medium-sized biopharma companies in Britain to tap successfully into long-term seed capital.
Despite an ongoing European financial crisis, Germany's EMBL Ventures collects $55 million for its next venture fund to invest in European biotech.