Volume 88 Issue 25 | p. 20
Issue Date: June 21, 2010

Seeding A Province

Government of Quebec partners with venture capital firm on a seed fund to spur biotech innovation
Department: Business
Keywords: GeneChem, venture capital, biotech, pharmaceuticals

It’s rough out there for the budding biotech entrepreneur. These days, finding cash to pull a project out of an academic lab or to conduct tests that prove an idea’s merit can be nearly impossible. For venture capitalists, the value generated from a start-up business is low, and the risk is often too high.

Officials from Quebec are trying to shake up the funding model in hopes of spurring innovation—and job creation—in the Canadian province. . . .

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