Venture Lab selects early-stage companies for accelerator program

By Erik L. Ridley, The Science Advisory Board contributing writer

The BioInnovation Institute (BII) has named the first cohort of early-stage companies participating in its Venture Lab startup accelerator program. Seven ventures have been selected across three specialized areas: therapeutics, bioindustrials, and health technology.

The companies named in the program include a pan-European mix of startup initiatives and university research projects. The selected companies are as follows:

  • Flash Diagnostics, which is developing microscopy technology for use in the clinical diagnosis of cancer patients
  • Stimuliver, which is developing a "disruptive" liver implant that can treat critically failing liver function in humans
  • Commit Biologics, a spinout from Aarhus University that is utilizing B-specific domain antibodies to target a variety of cancers
  • HEI Therapeutics, a digital therapeutics company that has a medical-grade home monitoring system for thyroid conditions
  • NewOstomyLife, which has developed new technology for collecting output from ostomies
  • EvodiaBio, a bioindustrial company that produces sustainable, natural aromas for the food and beverage industry
  • Bioomix, which develops microbial technology to replace fungicides, synthetic fertilizers, and antibiotics

The 12-month Venture Lab program is designed to help propel research-based ideas with high-growth commercial potential into viable startup companies, according to the Denmark-based institute.

Besides being awarded a risk-free convertible loan of 500,000 euros ($590,400 U.S.), the seven ventures will receive scientific and team development support and will gain access to BII labs and offices located in Copenhagen.

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