Biotechnology finds a new form of funding with Crowdfunding and Spain is one of the pioneers
23/07/2015
Diego Gutiérrez
Biotechnology finds a new form of funding with Crowdfunding and Spain is one of the pioneers
Faced with the difficulty biotech companies have in finding both private and public funding, they are turning to crowdfunding. This year, Spain has created the first European platform and the second worldwide for biotech crowdfunding. Although the operations closed in Spain are still of a small amount, operations closed in biotechnology in other parts of the world, such as that of Cell Therapheutics for almost €1M, show that it is a form of financing that will eventually have a significant impact on the sector. In addition, the public sector has also launched a crowdfunding platform in the biotech sector.

 

CapitalCell first biotech crowdequity platform in Europe

CapitalCell, is the investment crowdfunding platform dedicated to Health and Biotechnology was founded in 2014 in Barcelona by experts from other crowdfunding platforms with the aim of contributing to innovation in the Spanish biotechnology sector.

Capital Cell is the first crowdequity platform in Europe and the second worldwide that has already closed three projects since it started its activity in companies. Iproteos, Zeclinics and Immune Tolerance, the three projects have won a total amount of €100,000.

At present, the company SM Genomicshas launched a €150,000 crowdfunding round on Capitall Cell to finance the introduction in the Spanish amateur sports market of its Injury Genetic Report (IGL), a test to assess an athlete's predisposition to suffer non-contact muscle, ligament and tendon injuries, and to estimate the severity and recovery time.

"In addition to the crowdequity campaign, the company will raise €300,000 in a capital increase, reserved for business angels and venture capital firms," says Diego Gutierrez of Abra-Invest.

Precipita, the Spanish start-up for public biotech crowdfunding
The Spanish Foundation for Science and Technology (FECYT) launched in 2014 PrecipitatesThe project, defined as a "meeting point for researchers and people interested in science", has already funded 14 projects.

The projects that appear on the platform must have previously passed a public call for proposals. Each project has 90 days to reach the minimum target that each research has set, the maximum amount that can be obtained is €25,000.
An example of a company that has raised €20,000 thanks to the platform is Brainful Legends, a cognitive stimulation video game, aimed at learning competences and skills, both specific and general, for people with disabilities.
If you are looking for financing, please contact us. ABRA-INVEST, has a team of experts in alternative financing for biotechnology. Phone +34 946424142

 

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