Bioindustry Park Canavese Launches Discovery: the Project is Aimed at Creating New Companies in Biotechnologies and Life Sciences in Italy.TURIN, Italy -- It's take-off for Discovery, the project that Bioindustry Park Canavese, with the financial backing of the Piedmont Piedmont, region, Italy Piedmont (pēd`mŏnt), Ital. Piemonte, region (1991 pop. 4,302,565), 9,807 sq mi (25,400 sq km), NW Italy, bordering on France in the west and on Switzerland in the north. Regional Authority, is launching to help Italian researchers set up companies in the biotechnologies and life sciences sector, based on high-tech projects. Special terms and support to turn the scientific project into a business idea, availability of dedicated infrastructures for new start-ups, access to complementary skills, financial backing in the subsequent development stages: these are the foundation stones of the Discovery model. The Discovery project therefore consists of three core phases: selection of deserving scientific projects, location of the company in the park Bioincubator that also provides equipment and services and, something completely new on the Italian scene, investment by non-institutional bodies that the park has been able to involve in the scheme. This model, developed also following the guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. of the management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects firm Arthur D. Little Arthur D. Little, Inc. is the world's first management consulting firm. Founded in 1886 by Arthur Dehon Little, an MIT chemist who discovered acetate, and co-worker Roger Griffin, in Cambridge, Massachusetts, Arthur D. Little pioneered the concept of contracted technology research. , and realized with the support of ASSOBIOTEC, makes Discovery the first example in Italy of a synergic synergic /syn·er·gic/ (sin-er´jik) acting together or in harmony. syn·er·gic adj. Synergistic. and systemic approach to the problem of creating new businesses in the biotechnology sector. Three venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] , Index Ventures, Edmond de Rothschild Investment Partner and Merlin Merlin, in Arthurian legend, magician, seer, and teacher at the court of King Vortigern and later at the court of King Arthur. He was a bard and culture hero in early Celtic folklore. In Arthurian legend he is famous as a magician and as the counselor of King Arthur. Biosciences will take part in selecting the ideas to be developed: a fact that testifies to the merit of Discovery scheme. Ideas for the high-tech projects to be housed in the Bioincubator will be accepted from Italian researchers resident in Italy or abroad. Applications can be made until 31st October 2004. Regulations and forms in the web site www.bioindustrypark.it/discovery. Advantages for selected projects: laboratory premises of about 30 sq.m in the Bioincubator (an investment of over 2 million Euros), an intensive training course on issues in managing a biotechnology company, free management tutoring for 24 months, and special terms for using the Park's laboratory services. Bioindustry Park will give every business a budget of 24,000 Euros for startup expenses and dedicated scientific apparatus. Over the subsequent 24 months over 3 million Euros of seed capital will be available to support the development of those businesses. This will be provided by a special independent seed capital company, Eporgen Venture, being set up by a group of informal investors. |
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