Upload
others
View
0
Download
0
Embed Size (px)
Citation preview
Novo seedsChanging the world through entrepreneurship
Oslo Cancer Cluster Summer Meeting
Novo SEEDS20-06-2016
Novo Seeds gives budding ideas the chance to develop into unique – and life-saving products for the future…
2 20-06-2016
Could your research lead to better and life-changing treatments in the future?
3 20-06-2016
• Unmet need for the product/therapy
• Is the target novel and scientific rationale promising
• Superiority over existing solutions
• Quality of research and data
• Stage of research (test of idea, proof-of-concept)
• IP, patentability etc.
• Development time and cost, regulatory issues, commercial strategy
• Plan and budget
• Team expertise, experiences, network and motivation
From research project to a novel life changing treatment…
Who needs it
What’s the data
Can it be done
Novo Seeds is driven by helping researchers transforming amazingresearch into better and safer treatments…
4 20-06-2016
Building science Making a plan Taking it to patients
How do we help you on the jorney...
5 20-06-2016 * Varies
Exploratory pre-seed grants Pre-seed grants Seed investments
up to DKK 700,000
up to 12 months
up to DKK 3.5 M
up to 18 months
8-12
up to DKK 60 M*
to exit
5-8
Financial:
Time:
2016 target:
Testing of interesting ideas
IP analysis Commercial analysis
PoC studies Business plan creation Setting the team
Lead identification Prototype development Clinical PoC
Building science Making a plan Taking it to patients
We are a partner
We can bring advice and network
We believe a trustful relationship is important, because a start-up rarely develops as
expected
You will be in contact with us on a regular basis or during the board meetings
We will support you in key decisions
We give more than just the check...
6 20-06-2016
Novo Seeds – The early-stage Investment arm of NOVO A/S
7 20-06-2016
We invest in life science, devices and industrial biotech We focus mainly on Europe We are not a strategic investor for NN
60bn$
NOVO NORDISK FOUNDATION04.11.2015
YOU plant the seeds. We're here to help them grow!
8 20-06-2016
Christina [email protected]
Diana [email protected]
Selected cancer-focused start-ups from our portfolio
9 20-06-2016
NOVO NORDISK FOUNDATION04.11.2015
Never hesitate to reach out..
10 20-06-2016
Novo Seeds receives proposal in ppt, word doc
(E-mail/ conferences / meetings)
Novo Seeds performs high level evaluation of quality, novelty, risk/reward
Novo Seeds invites for project presentation if project appear interesting and within scope
Follow up questions, dialogue, meetings
Dilligence Phase and decision of pre-seed grant or seed investment
Thank you
20-06-2016
11
Quick guideline – we like to see elements described below..
12 20-06-2016
1.Good science and quality data: this underpins the application. Data with relevant controls that clearly shows the effect and convinces us that this is an interesting target/MoA/molecule/device/diagnostic assay etc2.Comprehensive presentation: present all relevant data to tell the story. Everyone at Novo Seeds has a scientific background and convincing data is a large part of a good application 3.Don’t: Please don’t send a list of publications expecting us to read through it and find the most important facts. Sell your story actively! 4.Do: send a few pivotal articles that validate your findings, e.g show that the target is validated 5.Background: give a background to the indication/area but focus on how your data is unique in the setting and how it addresses something novel. It is preferential if the team has a knowledge of where the scientific community as well as the commercial pipeline is in regards to the indication and can articulate how their approach is unique 6.Differentiation and uniqueness: what differentiates your invention to existing treatments as well as most obvious competing products in development. How does your product address the medical need in a way that no other product does and in what exact patient population does it do so. Consider outlining a Target Product Profile 7.Market/IP/Other analysis: if there is a previous analysis done please include it in the presentation, but a general overview (eg. “Cancer kills many people” or ) has low value-add8.Team: briefly present the team and relevant credentials 9.Plan going forward: A plan showing what the next steps are, including scientific activities, collaborations etc and what the pre-seed grant would be used for. This can always be a point of discussion and collaboration if the grant is approved but we would like to see that team is in the driving seat
13 20-06-2016
Examples of Novo Seeds portfolio companiesDiscovery Lead Optimisation Pre-clinical Clinical Phase I Clinical Phase II
Acesion PharmaAtrial fibrillation
PcoveryAnti-fungal
Forendo PharmaEndometriosis
GalectoFibrosis
IntheraOncology
GlionovaGlioblastoma
RSPR PharmaAllergic asthma
AffiniconMacrophage targeted drugs
AdeniumAnti-microbial
IO BiotechImmuno-oncology
LysogeneGene therapy
AvilexNeuroprotection
MinervaXGBS vaccine
PoC Prototype Development PMA/510k Sales
ReapplixWound care
DenatorProtein stabilization
Discovery / feasibility Processdevelopment
Pilot scale Commercial scale
BiosyntiaVitamins by fermentation
Small molecules
Proteins peptides
MedTech
Bio-industrial