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Boehringer's Expanded Venture Fund: Innovation First, Returns Second

 
• By Mandy Jackson

Boehringer Ingelheim more than doubled its venture fund from €100m to €250m, giving BI more access to early innovation via new capital, two new investment managers and a West Coast presence.

Euro currency

Boehringer Ingelheim GMBH has more than doubled the size of its corporate venture capital fund from €100m to €250m ($301.8m) to expand its US footprint and investment focus, while continuing to fund start-ups with technology of interest to the German pharmaceutical company.

Martin Heidecker, managing director of Boehringer Ingelheim Venture Fund (BIVF) in the US, told Scrip that BIVF's therapeutic interests have...

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