Despite high quality life science and biomedical research in Central and Eastern Europe (CEE), there is relatively low commercialization activity in this region and lack of significant investments in the biotechnology sector. As part of its mission to develop innovative biotech projects and accelerate them towards market, CEBINA will expand its current activities to scout projects from leading universities and research institutions in Central and Eastern Europe through Danube Labs. Using its network with CEE universities and research institutions, CEBINA will identify promising academic research projects, early-stage drug discovery and development projects and select those with cutting edge science and commercial potential for entry into Danube Labs, and to provide funding and support to develop the projects.
Evotec will apply its industry-leading drug discovery and pre-clinical development platform to mature selected projects as a way to accelerate the projects and to prime them as future investment opportunities. Evotec has previously partnered with globally leading universities as part of its BRIDGE (Biomedical Research, Innovation & Development Generation Efficiency) program.
Danube Labs aims to create up to 8 new biotech companies over 4 years, and is supported through CEBINA Bridge Capital Limited, a private fund established in Gibraltar and committed to providing a minimum investment of €10M.