IHS Chemical Week

EnviroTech :: Biotech

Solvay to invest €5 million in industrial biotechnologies fund

9:04 AM MST | December 11, 2012 | Sotirios Frantzanas

Solvay says it will invest €5 million ($6.48 million) in the Green Seed Fund launched by Sofinnova Partners (Paris), a leader in venture capital dedicated to life sciences in Europe. The Green Seed Fund is currently holding a fundraising round, which first closed at €22.5 million, and its purpose is to finance European small and medium enterprises active in industrial biotechnologies. Solvay will make its network of technological and market experts available to the fund and to the selected projects, the company says. "This investment is fully in...

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