BII's Venture House program provides exclusive follow-on funding in the form of a founder-friendly convertible loan of EUR 1.3M to selected companies that have already participated in the 12-month Venture Lab program created to support business acceleration, scientific and team development. Agrobiomics will use these funds to speed up the validation and commercialisation of its lead biostimulant. AgriWatch covered the news in an article (in Danish) that you can read HERE
This will bring the total funding received from BII up to EUR 1.8M
About Agrobiomics
Agrobiomics develops transformative natural solutions, with a vision of securing a sustainable food supply, that makes agriculture resilient to climate change. The company’s solutions are affordable and highly potent, thereby enabling growers globally to increase yields of crops affected by abiotic stress such as salinity and drought. Agrobiomics is supported by the BioInnovation Institute and the Danish Innovation Fund.
About the BioInnovation Institute Foundation:
At BioInnovation Institute (BII), we accelerate world-class life science start-up innovation for the benefit of people and society. As a non-profit institute, BII operates the company creation programs, Bio Studio, Venture Lab and Venture House, to support life science start-ups with knowledge, network, infrastructure and funding of up to 3M EUR per projects and 1,8 M EUR per start-up. With our expertise, network, funding, and infrastructure, we empower startups to succeed and believe in the transformative power of life science innovation. Read more on www.bioinnovationinstitute.com