Finance and Investment, Industrial application

The biotech industry is suffering from a serious talent shortage, with start-ups in particular having an increasingly hard time filling C-level positions. Yet despite this difficulty, many job searches are failing to look beyond the industry’s stereotypical candidate, throwing their hands up in despair when the typical white middle-aged man can’t be found to fill the role. In broadening the search to include more diverse candidates – including women and people with different ethnic backgrounds – we will not only help to address the talent shortage but also strengthen the start-ups themselves. So how can a company build and maintain a more diverse management team?
The COVID-19 pandemic has brought vaccines back into the drug development spotlight, and mRNA vaccines are stealing the show with sales of USD 54.4 billion in 2021 alone. Few know that the developers of the mRNA COVID-19 vaccines actually drew upon years of experience attempting to develop cancer vaccines. This approach goes back several decades, and although the field has to date seen limited success, it has nevertheless witnessed a renewed interests in recent years. We examine the latest trends in cancer vaccine development, and where the opportunities lie for the future of the industry.
The young Belgian start-up Persomed is unique – it was founded in 2020 by four partners each with relevant expertise in the personalized immunotherapy field: myNEO, QbD Group, Antleron, and the VUB. Together, the multidisciplinary strength and expertise has resulted in the development of Persomed’s cutting-edge technology platform for personalized cancer treatments. The organization is now at crucial point, raising funds to initiate a clinical trial phase I in a first, urgent-medical-need indication: metastatic colorectal cancer.
Intressa Vascular is using its proprietary stent braiding technology to develop an innovative multilayer stent for the treatment of aortic dissection, a life-threatening cardiovascular condition affecting worldwide 300,000 patients annually. The company has secured EUR 18 million in financing with the support of new investors and the Walloon Region. Funds are aimed at clinical studies and product registration purposes.
How are we going to feed an expected 10 billion people by 2050 in a sustainable way? It is a daunting task. Our climate is changing, and a combination of environmental and economic factors are already resulting in widespread food shortages. There is no simple solution to this problem, but innovation in the food and agtech sector will help alleviate the burden. To make this possible, stakeholders – including researchers, entrepreneurs, investors, and governments – need to make agrifood innovation a priority immediately.
Beer, chocolate, and… biotech! When it comes to life sciences, Belgium excels. It consistently ranks as one of the world’s top countries for innovation and R&D. But Belgians are generally a modest bunch: despite being part of a world-class ecosystem, few tend to broadcast that news abroad, or even within our own borders. As a consequence, the Belgian science sector doesn’t receive the recognition it deserves. Which is where BioVox comes in!
Venture capitalists have a vital role to play in guiding our planet’s future. By investing in technological advances that remediate environmental ruination, enable adaptation to new conditions, and heal challenging diseases, VC funds can help improve the world while also benefiting their bottom line. But there is an even bolder approach available to VCs who really want to do good: influencing governments by earmarking funds for advocacy groups.
VIB’s new incubator program biotope fosters early biotech startups looking to impact people’s lives through agrifood innovation. Based in the heart of a flourishing ecosystem, biotope supports young companies looking to de-risk their technology, build a viable business case, and connect with expert scientists, industry leaders, and investors. The aim is to create mutual benefit for both the ecosystem and the entrepreneurs – providing the region with an influx of talent and innovation, and the startup teams with the support and brains they need to grow and succeed.
The vibrant Belgian life sciences sector needs a constant influx of young and ambitious entrepreneurs to sustain its growth. The Solvay Brussels School of Economics and Management has launched a brand-new program to meet this demand, co-developed with key academic and industry stakeholders.
The stock market value of biotech companies has been crashing lately, bitterly reminiscent of the dot-com bubble burst in the early 2000s. Should investors and startups be panicking? Or might there be a silver lining to this stormy cloud?