Biochemical Engineering Special Interest Group
biological engineering professionals

Latest news

UK creates £2.5B investment program to help startups grow

The U.K. has set up a £2.5 billion ($3.6 billion) patient capital program. The fund is part of an initiative to help British biotechs grow into standalone midsized businesses, rather than sell up at the first sign of a takeover bid from overseas. A lack of access to capital is one reason local biotechs struggle to scale up and grow into commercial businesses. Recognizing that, the British Business Bank is setting up the £2.5 billion program to help biotechs and high-growth companies in other sectors push on past the startup stage.

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