Merck Serono Launches Strategic Venture Capital Fund
New Venture Capital Fund Will Invest in Biotech Start-up Companies
"Biotech start-up companies are an important element in scientific innovation," said Bernhard Kirschbaum, Executive Vice President of Research & Development at Merck Serono. "Merck Serono's venture capital fund will provide the opportunity to support scientific excellence in our core fields of interest and provide start-up companies with the opportunity to interact early on with our organization."
Merck Serono Ventures has an initial commitment to invest up to EUR 40 million during the next five years.
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