National Growth Fund invests 196.4M in Amsterdam's Biotech Booster programme
Briefly

Amsterdam's Biotech Booster programme, aimed at commercializing biotechnology findings, has secured €196.4M in funding from the National Growth Fund. This financial support facilitates mentoring and networking for scientists and entrepreneurs, fostering proposals for market entry. The programme integrates various public and private partners through five thematic clusters, focusing on Industrial Biotechnology, AgroFood Biotechnology, and Human Health. The recent funding ensures the programme's operations until 2032, following favorable evaluations of its earlier phase, which successfully accelerated biotech innovations towards market introduction.
The Biotech Booster programme provides financial support, mentoring, and networking to help scientists and entrepreneurs develop proposals for investment or market entry.
This funding supports various biotech initiatives, including new medicines, purifying water, and improving agriculture through biodegradable seed coatings.
Nettie Buitelaar, CEO of Biotech Booster, emphasizes that the funding recognizes the efforts of stakeholders in the Dutch biotech sector and the strategic value of biotechnology.
The second tranche of funding, amounting to €196.4M, ensures the continuation of the programme until 2032 and follows a favorable review of its first phase.
Read at Silicon Canals
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