BIO Clustermanagement NRW GmbH is representing BIO.NRW Cluster Biotechnology North Rhine-Westphalia (NRW) as founding associate member within EIT Health. The company offers a variety of services and promotes biotechnology from NRW. BIO.NRW had started in 2010 to implement a private equity community in the federal German state North Rhine-Westphalia (about 18 Mio inhabitants). Through organizing regular meetings with private investors and financial institutions, start-ups and founders are enabled to “get going” by receiving financial support for their respective enterprises.
BIO.NRW offers a format that brings start-up companies or projects into close contact with private investors, business angels and financing institutions (i.e. state development banks, venture capital fonds including corporate venture) from across the EU.
Also, as a case in point, with Qithera GmbH a company in the field of new cancer therapies has been founded together with business angels as major shareholders and BIO Clustermanagement NRW GmbH as a minority shareholder. The strong presence of surrounding (global) pharmaceutical and chemical enterprises and successful “start-ups of the past” like Qiagen and Miltenyi Biotec, proves the fact that the possibilities for business development in the region were and are ideal.