Copenhagen-based BioInnovation Institute (BII), an international commercial foundation with a non-profit objective of incubating and accelerating life science research, announced on Tuesday that four companies have joined its new Venture House programme.
This new Venture House programme, previously known as Creation House, comprises an 18-month programme with a risk-free convertible loan of €1.3M.
With this new approach, BII aims to assist early-stage startups that have already benefited from its 12-month Venture Lab programme, which was designed to support business acceleration, scientific research, and team building.
Bobby Soni, Chief Business Officer at BioInnovation Institute, says, “We are thrilled to present our new Venture House programme. We have had great success in building our Venture Lab programme as a solid platform for innovation and we believe that leveraging this existing platform will drive product innovation and ecosystem growth. By introducing this add-on funding opportunity, it will be even more attractive and exclusive for companies to be part of the programme. We look forward to continuing to support these four innovative companies and accelerate their growth.”