Genesis Biomed, a CataloniaBio member, was presented yesterday Genesis Ventures, a new investment fund located in Barcelona and made up of various family offices that are looking to invest in research and business projects in the very early stages in the field of biomedicine (therapeutics, diagnostics, medical devices, digital health, etc.). Genesis Ventures aims to help entrepreneurs put together the capital they need for their research in order to later attract series-A corporate funds or venture capital.

“We’re an atypical funding vehicle and the only one of our kind in Spain,” explained Josep Lluís Falcó, founder and CEO, “we’ll go out and do the science investors and regulatory agencies want, with the clear goal of developing innovative products”. The new fund will initially have €610,000 and expects to complete eight operations by October 2019.

The event was held at the Barcelona Science Park, as part of its Annual Meeting and with more than one hundred researchers and entrepreneurs from the sector and representatives from benchmark associations.

Photo: Genesis Biomed team - © Genesis Biomed