From labs to start-ups: SpyBiotech, which uses "adhesives" to make new vaccines, gets £4 million in financing

Release date: 2017-04-06

Recently, SpyBiotech, a UK-based startup focused on bioscience research, received a £4 million seed round investment from Google Ventures (GV) and Oxford Sciences Innovation (OSI). SpyBiotech has previously discovered a way to bind antigens and viruses to make vaccines, which will greatly improve the speed of vaccine renewal and development. The financing will help SpyBiotech expand production by allowing vaccine dealers to franchise. In addition to technological innovation, SpyBiotech will also try independent vaccine development and production operations in the future, so there will be several rounds of financing in the future to help the company further develop.

Biswas, co-founder of SpyBiotech, has a background in vaccine research at the Jenner Institute at Oxford University, and SpyBiotech is the result of the Jenner Institute's research, which will help top-notch laboratories develop into market-competitive and innovative products. OSI's Lachlan MacKinnon believes that SpyBiotechy's new approach to making vaccines is an important part of the vaccine industry's lack of productivity and speeding up the pace of newer iterations. The joint investment of GV and OSI will help SpyBiotech explore longer-term developments. This is GV's thirteenth investment in Europe, after GV has invested in life sciences.

Oxford is now more inclined to bring the results of top-notch labs to market, and SpyBiotech is not Oxford's first attempt. Oxford University founded Oxford University Research and Development Ltd in 1987 and later developed into Isis Innovation and OSI, all of which belong to the University of Oxford and contribute to the development of innovation on campus. These entrepreneurial services at Oxford University mainly include patent applications, franchises, and the creation of spin-off companies:

Team Creation : The Licensing & Venture team is responsible for assisting researchers who are willing to commercialize research results in the development of start-up teams, including obtaining relevant licenses, and maintaining contact with technology demanders, potential investors, and other external stakeholders.

Consulting services: Although some researchers do not want to engage in business operations, they are interested in using their research results to collaborate with companies. The Consulting Service team is responsible for finding suitable teams for these researchers and helping to achieve cooperation.

Investment Management: The Venture Support & Funding team serves investors who are interested in early projects, and these investors will be invited to join the Angels Network to work with Oxford University on joint ventures for outstanding projects. The Spinout Equity Management team is responsible for Oxford's investment activities in its own derivatives company.

Incubator: Some entrepreneurial projects may not be the product of the lab. The founders also have no intention of linking their projects to Oxford University, but Oxford University also provides incubator service support for this part of the venture.

Knowledge Sharing: Governments, businesses and universities around the world can get support and expertise in innovation management through Oxentia (formerly Isis Enterprise).

To date, OSI has invested in 35 start-up companies, including 100% of the “Oxford Genes”. With OSI and joint ventures with other venture capital firms such as GV, scientists can automate their scientific papers as a physical business. These investments can help the rapid marketization of high-tech research results and subsequent further development, using commercial Development model to promote the development of scientific research.

OSI Investment Project Profile

The development focus of Oxford University indicates some changes in the British academic community and also indicates a shift in investment preferences of venture capital firms like GV. For projects with growth potential on campus, the injection of funds can help these projects enter the scale of development earlier. For some of the more laboratory-intensive project results (such as SpyBiotech), the early investment can market the results. And time is shortened as soon as possible. In addition to financial support, Oxford University's entrepreneurial services can help these early startups reach out to external resources in the first place.

Source: 36æ°ª

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