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Jaromír Zahrádka: Investments help science to serve people Jaromír Zahrádka According to Jaromír Zahrádka, director of the i&i Biotech investment fund, investing in science is like the proverbial chicken and egg. If there is a lack of investment, no new projects are created. And without interesting projects, it is impossible to get investors interested. So how to solve this dilemma? Jaromír Zahrádka answers these and other questions in an interview for Vědavýzkum.cz. The fund was established last year and has so far a total of 45 million euros at its disposal. It plans to invest this money over the next five years in about 20 scientific startups, in close cooperation with the i&i Prague incubator and the Institute of Organic Chemistry and Biochemistry of the CAS. Please try to briefly introduce the i&i Biotech Fund. What are you involved in? We focus on investments in unique ideas in the field of drug development, diagnostics and medical technologies. We target early-stage scientific startups that often build on decades of research and have the potential for breakthrough discoveries. We invest to help them at a critical stage of their development. This is the period when they leave their laboratories or research facilities and lose their ability to access traditional sources of funding, such as research grants. At the same time, they are not yet in a position to compete for their first investors. We are trying to help them in their transition from purely scientific projects to functional companies. How does the new fund help? The fund gives us completely new opportunities to do so. And it's certainly not just about increasing the volume of investments we are able to make now. We have added experienced professionals to the team who have a wealth of experience with similar investments, which has significantly expanded our expertise. The fund is also built on standards that are common in Western Europe and the US. It is above all a transparent system with a precisely described investment strategy, clearly defined responsibilities of investors and managers and a precisely defined decision-making system. We want to set a certain standard and thus contribute to the cultivation of the overall environment. It is necessary to move on, because investing in the natural sciences unfortunately does not yet have much of a tradition in our region. The fund was created in cooperation between the i&i Prague incubator and the European Investment Fund (EIF). How was the idea for its establishment born? Let me go back in time. When we founded the i&i Prague incubator five years ago, we wanted to show that there are interesting ideas in the field of life sciences in the Czech Republic that deserve the attention of investors. We have drawn a lot from our close cooperation with the Institute of Organic Chemistry and Biochemistry of the CAS and from the experience of its technology transfer office IOCB Tech, which works well under the leadership of Professor Martin Fusek. Thanks to this, we knew the expectations that international companies and investors have when assessing scientific projects, and we knew what it takes to get them interested in a new technology. At the same time, we had already built up quite a wide network of contacts from previous activities. Thanks to all of this, we have managed to find and support many unique startups over the years, and we have helped many of them to attract important strategic partners. Within the incubator we have built an interesting portfolio of promising startups, in which we have already invested over 70 million (Czech) crowns in addition to other support. However, we felt from the beginning that this investment component of our business needed strengthening, if only to be able to attract more investors. That is why we decided to create a completely new entity that will specialise in investment activities. We we approached the EIF with our vision and they liked our idea. What followed was a rather difficult negotiation that resulted in the creation of the i&i Biotech Fund. If I may make light of it, our whole business resembles the well-known saying about the chicken and the egg. If there is a lack of investment, new projects do not emerge, but without interesting projects you will not get investor interest. I am therefore very pleased that we can now support the development of all elements of our innovatory ecosystem simultaneously. This gives the Fund the chance to access unique and well-proven investment opportunities that may not be available to other investors. Could you describe more about how the negotiations with the EIF went? It was a relatively long-term affair, with the first contacts and discussions taking place before the establishment of i&i Prague. The final phase of "courtship" lasted three years, with the last two being very intense. During that time we had to convince the EIF that we could invest their money well. We had to prove that we could identify innovative scientific startups with interesting investment potential, that we could manage the portfolio of these startups and increase their value over time. In addition, we had to go through many formal processes. We were scrutinized on the overall setup of the fund, the transparency of its management, the functionality of its control mechanisms and the ethics of investing. Last but not least, we had to meet the general criteria of the EIF – for example, that the support must be directed to small and medium-sized enterprises (SMEs). We are opening up to the world, which will also help Czech projects You have announced your first investment ventures. These are investments in the Austrian start-up Celeris Therapeutics, in the American company Dracen Pharmaceuticals and in the Czech-American technology start-up, Sampling Human. Although there is a significant Czech footprint in two of the three investments, it cannot be said that you are primarily focused on domestic startups. Is that right? Yes, it is. When we founded i&i Prague, we decided not to focus purely on the Czech Republic, but to open up to the world, figuratively speaking. We did the same when we set up the fund. The reason is simple – by cooperating with foreign partners for a long time, we learn and gain invaluable experience. We can then use this to select the most interesting Czech startups and help them become even better. This ultimately moves them forward and makes them competitive both in Europe and globally. When looking for investment opportunities, we therefore focus primarily on the Central European region, which we know well and where we have many good partners. However, in the event of an interesting offer, we are also ready to support projects that originate outside this geographical area. Thanks to the fact that we are creating a portfolio composed of unique Czech and foreign startups, we increase the chances of success for the whole fund and attract the attention of other foreign investors who are not yet familiar with our region. This is not to say that we don't want Czech projects. On the contrary, we will be happy for them. Our advantage is that, in addition to investment, we can also offer them intensive support from the i&i Prague incubator. What is your experience with the quality of Czech projects? How do they compare with foreign competitors? We know from experience that the ever-increasing quality of science in the Czech Republic gives the opportunity for unique ideas, inventions and technologies that are no worse than similar projects from the USA or Western Europe. The difference is mainly in the mindset of the people and the availability and quality of the supporting infrastructure, be it technology transfer centres, incubators or grant resources. I believe that, thanks to our Fund's approach, we will also gradually become fully integrated into the advanced European countries where we belong in the area of innovation and investment. Let us move on. As you yourself have already indicated, investment in the natural sciences does not have much of a tradition in the Czech Republic. Could you explain at least some of the specifics that this sector entails? Compared to other industries, investing in life sciences is more demanding in terms of knowledge and the amount of investment. We need to be able to assess the potential of new scientific discoveries, which entails the need to understand their nature and uniqueness. There is also a need for considerable flexibility, as the chosen technology is often developed towards an inappropriate application, so that the final use changes multiple times during development. The original business plan is constantly being significantly modified based on the results obtained. The better and more comprehensively you can understand, monitor or even direct the development of the entire project, the better your chances of success. Compared to other industries, there are also much stricter regulations. The other side of the coin is that there is less competition in this field within the EU, which gives a relatively small and new fund like i&i Biotech the chance to get involved in top European projects. As far as valuation is concerned, if you manage to overcome the considerable initial barriers with your technology and obtain the necessary certifications, the value of the project will increase rapidly and you can find a place on a global level. But it's not just about the money. Investing in innovative science projects advances human knowledge and new technologies help people. And it's exciting to be at the start of a journey that may one day end up bringing new drugs to market or introducing new diagnostic methods. Technology transfer? Like driving a car... Let's now turn to technology transfer, a concept that is intrinsically linked to your work. How would you answer the question of what it is for a layman? The whole process can be imagined, for example, like driving a car. At the beginning of the journey, i.e. during the initial research period, the scientist himself drives the car. The moment the project leaves the lab and develops into a functioning company, the driving becomes more and more challenging and the driving needs to be shared with professionals, experts and managers. The scientist then becomes much more of a navigator, showing where to turn, but the overall direction of travel must already be determined by market principles. During the journey, the crew is further expanded to include other passengers, such as economists, lawyers, patent experts and, of course, investors, who together ensure that the car does not run into a dead end, that any breakdowns are quickly repaired and that the car does not run out of petrol. Some of the passengers will only ride for a short distance, others will become a permanent part of the crew, but it is only through the effective cooperation of everyone involved that the challenges of this challenging journey can be overcome. It is important to have working relationships in place, otherwise the journey can end at the first minor puncture. It is the establishment of fair partnerships and sufficient trust between scientists, their parent institutions, managers, investors and companies that I believe is the main task of technology transfer offices. Everything else then runs almost by itself. What do you see as the biggest benefit that technology transfer brings? Technology transfer, including various forms of contract research, generates billions of (Czech) crowns for Czech science and universities. It is therefore an important pillar of funding that can only be further supported. Above all, it enables the transfer of scientific discoveries from the laboratory into practice. It is a long and challenging journey, during which it is necessary to ensure sufficient funding, legal protection and the correct commercial direction of the original scientific idea. The fact is that, without professional technology transfer, virtually no invention will achieve commercial success. This is also why many interesting results of science and research go unused and never help anyone. All major research institutions are gradually realising this, and technology transfer is becoming an increasingly important issue for the Academy of Sciences as well as for universities and other institutions. Why should a scientific discovery be commercially successful? I am referring to the relationship between technology transfer and basic research... Basic research pushes the boundaries of human knowledge, so the function is irreplaceable. Without it, no discoveries will be made, there will be nothing to transfer, and everything will probably only happen at the level of small innovations in companies. However, the aim of scientists should not only be to discover something new, but they should also think about whether they can help people with their discoveries. To do this, it is necessary to transfer successful ideas from scientific laboratories into practice, which is what technology transfer makes possible. Thus, technology transfer does not go against basic research, but instead constitutes a service needed to fulfil one of the primary functions of science, which is to improve the quality of human life. Scientist as businessman? The success of a startup depends not only on the idea itself or the willingness of investors to finance its development, but also on the skills of its managers. Where can you find such people? Finding experienced managers with the necessary scientific background is more than difficult in the Czech Republic, but it is not easy elsewhere in Europe either. It is a question of when we will be able to change this, because science entrepreneurship has almost no roots here. This is a structural problem that will take time to solve. We can start, for example, by including subjects in the study of science that introduce students to the start-up as an interesting perspective for their life development and give them the opportunity to experience such work, for example through internships. Thanks to their creativity and imagination, science students and young scientists are very well-placed to become successful managers. If we allow them to get a good feel for the workings of a start-up during their studies, I firmly believe that many of them would actually start their own companies in the future. Unfortunately, it still happens quite often that top Czech experts and scientists want to return after gaining further experience abroad, but we are not able to offer them favourable conditions to carry on further work in the Czech Republic. This problem could be partly solved by technology start-ups. By supporting them, we will not only enable the return of the investments we have made in the education of these people during their studies, but we will also start a positive spiral towards a knowledge-based economy with high added value. Fortunately, the necessary change is already gradually taking place, with the first successes appearing and more to follow. I am glad we are there. In conclusion, what would you wish Czech science on its way to further successes? I would wish it to finally get the necessary attention from politicians and other authorities. So that it does not have to defend its social need and its funding in such a complicated and repetitive way. Unfortunately, the current overblown bureaucracy and the eternal "presumption of guilt" often makes scientists more like bureaucrats, trying to comply with all the administrative requirements of grant and other agencies. In all this, they are left with relatively little time for scientific work itself, and it is difficult to carry out the more daring projects that can lead to groundbreaking discoveries. Despite all these obstacles, however, Czech science is growing and producing unique results. It seems to me, therefore, that it is about time that we were able to recognise the potential that Czech science offers to our economy. However, I would like us all, first and foremost, to stop underestimating ourselves unnecessarily in the Czech Republic. At least in the area of science, technology transfer and smart investment, I see no reason to do so. Author: Martin Kovalčík Published on www.vedavyzkum.cz , the interview can be found in Czech here .

Enantis, a Masaryk University spin-off company, concluded a license agreement for the production of stabilised growth factor FGF2. After months of negotiations, we are delighted to announce that Enantis, one of i&i Prague´s first supported start-ups, has entered into a global license agreement with one of the top providers of life science solutions with ther innovative FGF2-STAB® molecule and its use in research and cell therapy market. “Having a licensing deal with a company from Fortune magazine’s yearly list of 500 largest US companies is a significant milestone for us,” says Roman Badik, CEO of Enantis. Under the terms of agreement, Enantis along with Masaryk University have granted worldwide royalty-bearing license to manufacture FGF2-STAB® and develop new products containing this patented molecule. More details including the name of the licensee cannot be disclosed as per the terms of the license. Enantis, Masaryk University’s first biotechnology spin-off company, has recently concluded a license agreement with a leading global distributor of materials for science and research. This will enable to increase the production of FGF2-STAB, a patented fibroblast growth factor, making it available to laboratories all over the world. Revenues from sales will also go to MU. Growth factors are among the most important biomolecules in living cells. The synthesis and degradation of growth factors at the various stages of cell division and differentiation enable living organisms to develop and grow properly. Fibroblast growth factor 2 is among key molecules in cell cultivation media used to grow embryonic stem cells, which have broad applications in biomedical research and clinical practice. Fibroblast growth factors are proteins supporting cell growth and division. Petr Dvořák and Pavel Krejčí from the Department of Biology at the Faculty of Medicine were among the first to work with these factors, focusing on FGF2. They discovered and characterised some of its properties, but more importantly, they managed to stabilise the factor using protein engineering. This means they modified it to remain functional for over twenty days at temperatures of around 37 degrees Celsius, which is critical for biological applications. Leveraging their close co-operation with the teams at Loschmidt Laboratories, RECETOX, and the Department of Experimental Biology at the Faculty of Science, they agreed to test the newly developed FireProt stabilisation platform on these biomedically interesting but unstable molecules. “FireProt is a computational system that enables us to search for suitable modifications of molecules to make them useful in practice. FGF2 was the first system with applications in biomedicine on which we successfully used our platform,” said Jiří Damborský, describing the steps towards the recent success. Modifications of FGF2 through protein engineering took three years and focused on the protein’s thermodynamic stability. “We gradually substituted certain amino acids in its structure for different ones, or in other words we deliberately created point mutations. This process strengthened the interactions between the amino acids, thus improving the overall robustness of the protein. The design of the mutations and their construction was quite fast, but then came a long period where we had to test their influence on the FGF2’s biological activity. We were very careful not to damage the protein, so we always tested only a single variant out of thousands of candidates,” added David Bednář, one of the creators of the FireProt platform. Stabilised FGF2 can be used by scientists in their work with stem cells because it stimulates cell division and can be used in cell therapies, treatment of slow-healing wounds such as burns and in the treatment of diabetes. The molecule is protected by a patent that is jointly owned by MU and Enantis. The product named FGF2-STAB secured a European patent and patent proceedings in other countries are pending. Enantis is responsible for the commercial applications of the molecule. After a year of negotiations, the company managed to conclude a license agreement with a US company which will manufacture and further develop the application possibilities of the growth factor. “The negotiation was not easy, but we’re happy that such an important global company decided to license our technology and satisfy the growing demand for our product,” said Roman Badík, CEO of Enantis. While the name of the global company and other details of the license agreement have not been made public, it represents a breakthrough in the history of Masaryk University. “Each year, MU enters into dozens of licensing agreements for the intellectual property developed at the university. However, in terms of future benefits, this may be one of the most important contracts signed so far,” said Radoslav Trautmann, head of MU’s Technology Transfer Division, adding that it marks a milestone in biotechnology not only for the South Moravian Region, but the Czech Republic as a whole.

Dracen Pharmaceuticals Announces the Initiation of First-in-human Study of DRP-104 in Adult Patients With Advanced Solid Tumors! Dracen Pharmaceuticals, Inc. has announced the start of a clinical trial of DRP-104, an anti-cancer substance developed by the team of Pavel Majer at IOCB Prague in collaboration with Johns Hopkins University in Baltimore (USA) @johnshopkinsu . The first patients have received the substance, and the initial phase of the trial will last approximately three years. “The initiation of the phase one clinical trial of our substance is excellent news and an important milestone on the path towards a new treatment for oncology patients,” said Pavel Majer, Head of the drug discovery group at IOCB Prague. Learn more on IOCB page or Dracen page !

i&i Prague and other Prague.bio members participate in a business mission with Czech president in Switzerland Prague, November 7, 2024 – Key representatives from Prague.bio, (incl. i&i Prague) and other leading members of the Czech biotech community, participated in a high-profile business mission in Switzerland, which accompanied the President of the Czech Republic, Petr Pavel, on his state visit. Organized by the Czech Chamber of Commerce, this mission aimed to deepen commercial and research partnerships between the Czech Republic and Switzerland, particularly in the fields of biotechnology, pharmaceuticals, and innovation. Switzerland, recognized globally for its leadership in biotech and pharmaceuticals, is an ideal partner for the Czech Republic’s rapidly growing biotech ecosystem. Over the three-day mission, the delegation visited Zurich, Basel, and Bern, where they engaged in forums, expert meetings, and institutional visits that highlight the mutual commitment to advancing science and technology. In Zurich, the Czech delegation took part in a prestigious business forum at ETH Zurich, one of the world’s foremost technical universities. The event was inaugurated by President Petr Pavel and Swiss Confederation President Viola Amherd, featuring speakers such as Ruth Metzler-Arnold, President of Switzerland Global Enterprise, and Christoph Mäder, President of the Swiss Chamber of Commerce. The discussions focused on opportunities for collaboration between Czech and Swiss biotech companies, positioning Prague as an emerging biotech hub in Europe. The mission continued in Basel, where delegates were touring the Biozentrum at the University of Basel, a center known for groundbreaking research in molecular biology and biotechnology. Global pharmaceutical giant Roche was also hosting the delegation for an exclusive visit, offering insights into cutting-edge research in biotech and pharmaceuticals. The agenda included a roundtable discussion on funding opportunities for biotech and life sciences, a key area of growth for both Switzerland and the Czech Republic. "Switzerland represents an extraordinary opportunity for Prague.bio to connect with one of the most innovative biotech ecosystems in the world," says Petra Kinzlová, CEO of Prague.bio. "This mission was not just about strengthening commercial ties; it was about fostering collaborations that can drive scientific progress and bolster the international competitiveness of Czech biotech. By connecting with top Swiss institutions and industry leaders, we were opening doors for new ideas, partnerships, and growth." Contact for media: Martin Kovalčík, kovalcik@iniprague.com +420 777 472 863

OUR TEAM Our team benefits from decades of know-how and experiences gathered in academic institutions, technology transfer and industrial companies. Using this knowledge, we are developing a pool of highly potent biotech projects originating in academia and finding commercial partners for them. DAVID STÍBAL CEO David evaluates the business potential of scientific projects, establishes and initially manages startups, and works on the long-term development of projects all the way to their successful commercialization. David completed his bachelor’s and master’s degrees at the University of Chemistry and Technology in Prague, earned a Ph.D. from the University of Neuchâtel in Switzerland, and conducted postdoctoral research at the prestigious Massachusetts Institute of Technology (MIT). Prior to joining us, he worked in Lach-Ner s.r.o. as a research scientist. LinkedIn Mail JIŘÍ MOOS Managing Director In addition to managing i&i Prague, Jiří is responsible for project analysis. He is a member of the GAMA Commercialization Council of the Institute of Molecular Genetics (IMG) and an external member of the Supervisory Board of the Institute of Biotechnology. Previously, he was a senior sales manager at Sigma-Aldrich and coordinator of regional activities of the Sigma-Aldrich Applied Business Unit. He also worked at Immunotech a.s. and has extensive experience as a researcher at the Centre for Assisted Reproduction at the General University Hospital in Prague and IMG. LinkedIn Mail ROBERTO FERNANDEZ Lead Incubation Manager Roberto is responsible for the analysis of projects. Prior to joining us, Roberto completed his Ph.D. in Macromolecular Chemistry at Charles University in Prague. He holds a BSc in Chemistry from the University of Costa Rica and an MSc in Biochemistry and Biotechnology from Autonomous University of Barcelona. Parallel to his work in i&i Prague, Roberto works as a project manager in the MedTech start-up LAM-X a.s. Due to his experience, Roberto prefers to focus on projects in the field of medical devices and drug delivery. LinkedIn Mail IVA MACHOVÁ Incubation and Regional Manager for Poland Iva is responsible for the analysis of project technology. Before joining our company, Iva worked as a postdoc researcher at the Biomedical Center of the Faculty of Medicine in Pilsen. She holds BSc and MSc degrees from UCT Prague, Czech Republic, and she did her Ph.D. at the Institute of organic chemistry and biochemistry. Iva spent several months on a postdoctoral fellowship at Ludwig-Maximilians-Universität München. Due to her scientific experience in biochemistry, she is focused on projects in the field of drug discovery and cell therapy. LinkedIn Mail JIŘÍ RŮŽIČKA Incubation Manager Jiri is responsible for analyzing projects at i&i Prague. He also worked at the Institute of Experimental Medicine of the CAS (IEM), the University of Cambridge, and the University of Leeds. He has done his PhD at IEM and the 2nd Faculty of Medicine of Charles University. He has 14+ years of experience in neuroscience and regenerative medicine with a broad focus on brain/spinal cord injuries, neurodegenerative diseases, and ageing. He has been dealing with enzymatic, gene, or cell therapies, biomaterial applications, and genetic models of neurodegenerative disorders. Mail Mail KAMILA BURDOVÁ Incubation Manager Kamila is an Incubation Manager at i&i Prague. She brings over a decade of scientific experience in molecular biology, genome stability, and DNA repair, gained at leading research institutions including the Institute of Molecular Genetics in Prague, the University of Oxford, and the University of Sussex. At i&i Prague, she supports the development and growth of early-stage biotech projects with strong scientific foundations. Her deep understanding of academic research allows her to bridge the gap between science and commercialization effectively. LinkedIn Mail JAN BERKA Project Manager with a Focus on International Contacts Jan studied molecular biology and genetics at Masaryk University in Brno (Czech Republic). After his doctorate, he worked at the Barnett Institute, Northeastern University in Boston on the development of DNA sequencers. Later, he worked at CuraGen, 454 Life Sciences, Pfizer Rinat and Adaptive Biotechnologies, where he was involved in pioneering methods of DNA and immune system sequencing. Before joining i&i Prague, he worked at Roche Molecular Diagnostics in California, developing biomarker assays. Mail Mail MICHAŁ JESKA Innovation Program Manager for Poland Michał evaluates the potential of innovation projects, designs and manages programs that support their development, and works closely with teams to guide solutions from early-stage concepts to scalable implementation and real-world impact. With a background spanning entrepreneurship, corporate innovation, and academia, he has extensive experience in building and scaling health-tech initiatives. Prior to this role, Michał served at Medical Innovation Institute, Roche IT Poland and uPacjenta. Michał holds a degree in law from the University of Warsaw. LinkedIn Mail MARTIN KOVALČÍK Communication Manager Martin is responsible for PR activities and communication of our incubator. Prior to joining i&i Prague, Martin worked for nearly 13 years as a media coordinator at the respected Czech non-profit organisation, People in Need, where he was responsible for regular media relations and media service for a team of 300 people. He also has experience working in several editorial offices. He left his most significant mark at the Metro newspaper, where he worked for over 5 years, the last two as the deputy editor-in-chief. Mail Mail SIMONA ŠANDOVÁ Office Manager Simona is responsible for making sure that everything works as it should in i&i Prague. During her career, Simona has worked as an Office Manager and a Junior Property Manager. She was responsible for training and conference organization, communication with clients and suppliers as well as administrative assistance for the project and property department. Simona has considerable experience in administration and office management. LinkedIn Mail

Notes from a trip to “The most startup friendly country in the world” At the end of April, Karel Kubias (one of the partners of i&i Biotech Fund) and Jiří Moos (CEO of i&i Prague) attended an event in Riga, Latvia, called Roche Latvia Innovations Day. Here you can read their blog where they describe their impressions from the event and, more importantly, provide further evidence that the Baltic States can serve as inspiration for the Czech Republic. At least in terms of technology transfer… At the end of April 2022, the Latvian representative office of the global pharmaceutical company, Roche, invited us as guests of the “Roche Latvia Innovations Incubator Day”. We gladly accepted the invitation as supporting and building technology transfer is in i&i Prague and i&i Biotech’s genes. It is commendable and positive (but not surprising) that Roche has decided to establish incubators in different territories to financially support primary research results and create an environment where innovative ideas can grow and mature. In Latvia, moreover, this initiative is closely aligned with significant state support. Developing the knowledge economy During the one-day event, two representatives of the Investment and Development Agency of Latvia (www.liaa.gov.lv ) spoke, among others, about how the Agency supports innovation and technology transfer, increases Latvia’s attractiveness for foreign investors and, last but not least, introduced us to its support programs for startups. Additionally, we learned that: in 2021 Latvia had over 400 startups from different sectors (from Fintech to Medtech and Healthtech to Biotech); the entire country (almost one-fifth smaller than the Czech Republic in size) is divided into 11 regional incubators, each of which provides startups with pre-incubation and incubation programs. Latvia has a “Startup Law”, designed to support startups, which allows them to receive co-funding from the state for qualified staff as well as tax benefits. However, the agency not only supports startups, but also the activities of entrepreneurs looking to develop new products or technologies in the form of Innovation Vouchers of up to €25,000. If you are interested in transferring your activities from abroad to Latvia and establishing a startup there, the Agency will arrange a visa for you. Thanks to all this, the Baltic country has been named “the most startup friendly country in the world” by Index Ventures. At times, we felt like we were at a conference in Germany or Austria, where the state also strongly supports technology transfer and startups in general. But Latvia? The targeted efforts to promote technology transfer here have a quite prosaic reason, this country does not have a strong industrial base, so they are focusing on promoting technology transfer in order to create favorable conditions for the development of the knowledge economy in Latvia. The meeting in Riga ‘one of the most exceptional’ As part of our contribution “What does your start-up need to be ready for investors?”, we shared our experience of the process of evaluating and supporting startups before i&i Biotech Fund decides to invest. We were delighted with the feedback from the audience who found our experience beneficial and did not hesitate to contact us with questions after the program. The full morning program can be viewed here. In the second part of the program, we were then introduced to the presentations of seven startups. Each of them received feedback from us and also recommendations for next steps. We continue to stay in contact with two of the teams and are considering investment in the future. Finally, we would like to acknowledge the Roche team for the excellent organization of the meeting. In our professional lives we have made dozens, if not hundreds of business trips, and only a few have stuck in our minds for their uniqueness. We dare to say that this visit to Riga will be one of those exceptional experiences. And we must also admit that we were pleasantly surprised by the level of support the Latvian government is dedicating to technology transfer. Our country can take inspiration from Latvia in this respect. Jiří Moos, i&i Prague (Executive Director) Karel Kubias, i&i Biotech Fund (Partner) THE CZECH VERSION OF THE BLOG CAN BE FOUND HERE . Contact: Martin Kovalčík, kovalcik@inibio.eu , +420 777 472 863

The Prague.bio international conference will bring together the best of science and business in Prague. Promising ideas will receive money for their development. Prague, 25 April 2023. The first edition of the Prague.bio international conference will offer a unique meeting of representatives from science and business who will exchange their experiences in the development of new drugs, diagnostics, medical technologies and other areas of biotechnology. The event is supported by the Czech government and will feature renowned experts from the world of BioTech. The Prague.bio international conference is intended for academics, investors and industry representatives from all over Central Europe. Experienced investors, representatives of leading pharmaceutical as well as diagnostic companies and technology transfer offices will meet promising startups, scientists and students to help them with advice and insights in commercializing their scientific ideas. For industry representatives and investors, the conference will provide an interesting space for exchanging ideas and establishing further cooperation. "Science and business are often two completely different worlds. But they need each other and have something to offer each other. Scientific projects are often a source of unique commercial ideas and an interesting investment opportunity, while successful commercialisation of scientific knowledge brings significant financial resources back into research," explains Prof. Martin Fusek, Director of IOCB Tech, one of the organisers of the conference. According to him, the Prague.bio conference should contribute to the creation of a permanent network of partners whose goal will be to build a more effective transfer of biotechnology not only in the Czech Republic but also in the entire Central European area. The transfer is also supported by the government "Who does not transfer is not a good economist. The transfer of scientific research knowledge into practice is one of the priorities of our government and I am pleased that a conference is being prepared to help this even on an international scale," explains Helena Langšádlová, Minister for Science, Research and Innovation of the Czech Republic, whose department is co-organizing the event. Moreover, according to the Minister, technology transfer is an important topic not only for science but also for the national economy. It can generate billions of Czech crowns in revenue annually. The Prague conference is based on the experience of similar events abroad. However, it is unique in Central Europe. "At the moment, we can reveal that the Prague.bio conference will not lack lectures by representatives of major pharmaceutical companies, we are also preparing an interesting panel discussion with foreign investors and several pitch sessions that will provide an opportunity to present promising projects in the field of biotechnology," adds Jaromír Zahrádka, CEO of the i&i Biotech Fund and founder of the i&i Prague bio-innovation centre, another of the conference organisers. The conference will take place on 26 September at Liechtenstein Palace in Prague. Registration is now open for those interested in attending. The relevant form, including payment options, can be found at www.prague.bio . The fee for early registration is 200 Euros, or 150 Euros for students and researchers. Interesting scientific research ideas can also apply for the event and register at the above-mentioned website. The registered projects will be evaluated by an expert committee and the best ones will compete for investor support at the conference. Contact Martin Kovalčík, 777 472 863, kovalcik@iniprague.com Martin Opatrný, 602 252 405, opatrny@prclinic.eu About IOCB Tech The Technology Transfer Office IOCB Tech, s.r.o. is a fully owned subsidiary of the Institute of Organic Chemistry and Biochemistry (IOCB). The main responsibilities of IOCB Tech include the identification of commercially interesting projects at IOCB, analysis of their market potential and patentability, protection of intellectual property, support for the development of the projects in the form of project management, search for commercial partners and negotiation of contractual terms for signing license agreements. IOCB Tech has been involved in the process of negotiating and concluding more than a dozen key license agreements with major pharmaceutical partners such as Gilead Sciences, Merck, Novo Nordisk and SHINE Medical Technologies. In 2017, the company established a subsidiary, i&i Prague, which focuses on funding promising early-stage projects at the Institute and other research and academic institutions. For more information visit www.iocbtech.cz . About i&i Prague The i&i Prague Bio-Innovation Center focuses on the transfer of new technologies into practice. The company was established at the Institute of Organic Chemistry and Biochemistry of the CAS and is mainly dedicated to innovations in the field of drug development, diagnostics and medical devices originating from academic institutions. It supports the creation of spin-off companies and the sale of licenses. So far, the company has participated in the creation of or otherwise supported 15 spin-off companies from five countries, has an equity stake in nine of them and has invested over 70 million crowns. In total, the spin-offs in i&i Prague's portfolio have raised more than CZK 1.8 billion from other investors. In addition to direct financial investments, i&i Prague also assists more than 15 research institutions and universities in the Czech Republic and abroad in the commercialization of innovative technologies. In 2021, i&i Prague started up the i&i Bio investment fund. About i&i Biotech Fund (i&i Bio) i&i Bio is a Luxembourg-based venture capital firm that invests in innovative European Life Sciences companies focused on drug discoveries, medical devices, diagnostics, and digital health. The Fund was created thanks to the cooperation of the biotech incubator i&i Prague and the European Investment Fund (see below). With over €47M under management, i&i Bio plans to invest in about 20 early-stage companies. i&i Bio is led by an experienced team of professionals with backgrounds in private equity, healthcare and venture capital supporting entrepreneurs on their journey to global success. Thanks to close cooperation with the fund’s main sponsor, the biotech academic incubator i&i Prague, i&i Bio is supporting and advancing transformative Central European technology companies. For more information visit www.inibio.eu . About EIF i&i Bio is supported by an investment from the EIF, with the support of: lnnovFin Equity, with the financial backing of the European Union under Horizon 2020 Financial Instruments and the European Fund for Strategic Investments (EFSI) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing; and the Pan-European Guarantee Fund (EGF), implemented by the EIF with the financial support of the Participating Member States. The objective of EGF is to respond to the economic impact of the COVID-19 pandemic by ensuring that companies in the Participating Member States have sufficient short-term liquidity available to weather the crisis and are able to continue their growth and development in the medium to long-term.

PANC-CKI Consortium led by CasInvent Pharma Secures €4M Eurostars Grant for Pancreatic Cancer Research October 1, 2024. The PANC-CKI consortium, led by the Czech biotech, CasInvent Pharma, has been awarded a €4M Eurostars grant for a project entitled 'Developing a Novel Casein Kinase 1 Inhibitor for Pancreatic Cancer Treatment: An AI-Integrated Approach.' The project aims to validate CI-CK1i, a new inhibitor targeting casein kinase 1 (CK1), for the treatment of pancreatic cancer patients who urgently need new treatment options. The Casein Kinase 1 inhibitor developed by CasInvent Pharma effectively and selectively blocks all three isoforms of CK1, enhancing responses to ongoing treatments like chemotherapy and reducing tumor growth as a single agent. CasInvent Pharma, in collaboration with its international partners, achieved outstanding success in the 6th call of this program with the PANC-CKI consortium. The consortium will conduct Proof-of-Concept studies to generate a data package for initiating IND/CTA studies. PANC-CKI consortium employs a completely novel drug development, process synergistically combining cutting-edge technologies including creation of digital twin using AI/ML (Artificial Intelligence/Machine Learning) technologies with rapid screening of drug combination using state-of-the-art cancer patient-derived organoids at the University of Bern (Prof. Marianna Kruithof-de Julio). Safety testing will be performed by a new organs-on-chip technology developed by Alveolix (Switzerland). "We see the success of CasInvent Pharma in the Eurostars programme as further proof of the excellent potential of our platform and its ability to be successful internationally. In addition, the association with our partners opens a new chapter in our research, which will focus on treatment options for pancreatic cancer, one of the most aggressive and difficult to treat diseases," says Alexander Scheer (CEO) from CasInvent Pharma. “Deeplife is optimistic about advancing this CK1 inhibitor to tackle pancreatic cancer, a currently hopeless disease,” says Jonathan Baptista (CEO) from DeepLife, (France) Eurostars is the largest international funding programme for SMEs wishing to collaborate on R&D projects that create innovative products, processes or services for commercialisation. CasInvent Pharma, in collaboration with its international partners, achieved outstanding success in the 6th call of this program. Competing among participants from 37 countries, CasInvent Pharma received an exceptional score of 51 out of 54 from the international evaluation panel. The project ranked 1st in the Czech Republic, Switzerland, and France. Such a great outcome among European competition underlines the potential of the CK1 inhibitors and creates a momentum for our ongoing fundraising activities of CasInvent to bring our drug to the patients as soon as possible. Contact for media: Alexander Scheer, scheer@casinvent.com , +33 78 40 43 43 ABOUT THE COMPANIES CasInvent Pharma is a drug discovery spin-off company established in 2020 by Masaryk University and biotech incubator i&i Prague. The mission of the company is to develop new therapeutic options for the treatment of resistant tumours. The CasInvent platform is based on the use of proprietary, best-in-class highly selective inhibitors of enzymes belonging to the casein kinase 1 (CK1) family that are responsible for the regulation of different cellular mechanisms leading to resistance to targeted therapies. More information: www.casinvent.com OTHER PARTNERS University of Bern (UBERN): The Urology Research Laboratory at the Department for BioMedical Research of UBERN conducts advanced research in patient-derived organoids and possesses a collection from various cancer types such as prostate, bladder, and renal cell carcinoma to understand cancer biology. UBERN has demonstrated the translational potential of patient-derived organoids and is currently engaged in clinical studies. AlveoliX AG: AlveoliX, a leader in organs-on-chip technology, is expanding its impact with the patented AXBarrier-on-Chip System, a platform enabling advanced safety and efficacy models for pre-clinical testing. Its current AXBiomodel portfolio includes validated lung and intestine models, with kidney and bladder models in development. AlveoliX’s participation in a new grant will enable the company to enter the fast-growing oncology market, supporting cancer drug development with more precise, predictive pre-clinical models. For more information, visit alveolix.com or contact nina.hobi@alveolix.com . DeepLife: DeepLife, a Paris-based biotech company founded in 2019, uses multi-omics data, machine learning, and systems engineering to accelerate drug discoveries. Its AI technology creates digital twins of human cells, enabling rapid evaluation of drug responses, deciphering mechanisms, and identifying biomarkers and targets. DeepLife collaborates on identifying new targets and drug repositioning projects with this technology. For more information, visit DeepLife.com or contact kevin.carvalho@deeplife. co .

Licensing agreement for a novel SARS Cov-2 virus neutralization antibody test was signed We are very happy to inform you that i&i Prague has participated on a development of novel in vitro diagnostics test measuring virus neutralization antibodies against SARS Cov-2 in human blood. The project was successfully completed and the Institute of Organic Chemistry and Biochemistry (IOCB) and the Institute of Biotechnology (IBT) have signed an exclusive license agreement with the company Immunotech, the Prague based subsidiary of Beckman Coulter. Read more information on IOCB webpage. 12 mouse monoclonal antibody clones against different domains of SARS Cov-2 Spike protein were generated in this project and are available for research or other use. For more information about the new test and the available antibody clones, contact: Dr. Jiří Moos moos@iniprague.com

The Prague.bio Conference 2024 welcomed 300 participants from all over the world The second edition of Prague.bio Conference (i&i Prague is a co-organiser of this event), held on this occasion, brought together global experts on technology transfer and the creation of biotech startups, awarded the best startup presentations and introduced the upcoming educational academy for future spin-off managers. What was accomplished during the year? · The Prague.bio Conference this September welcomed 300 participants from all over the world · The number of members of the organization doubled to 12 · Major players from the pharmaceutical business joined the association - Bristol Myers Squibb and Zentiva · A training academy for future founders and managers of spin-off and start-up companies is in the pipeline for Q1 2025 Prague, 24 September 2024: At the Prague.bio Conference 2024, the professional biotechnology association Prague.bio celebrated its 1-year anniversary. The conference, which took place on 24 September in Prague's Slovansky dum, welcomed 300 visitors from scientists, biotechnology experts and innovators from all over the world. The interest that the event had already registered last year was confirmed and even increased. Biotechnology, as one of the key technologies of the future, has its place and room for further development in the Czech Republic. This year's event focused more on technology transfer to university spin-offs and building successful startups or partnerships between industry and academia, areas that offer considerable potential for better exploitation. "There was a lot of interest in this year's Prague.bio Conference, so logically we see potential for further growth. In addition to the possible expansion of the conference, we are also going to launch an educational programme in the first half of 2025, which will focus on future founders and managers of spin-off companies from Czech research institutes. We therefore want to further develop the topic, which was also covered in detail at this year's conference," says Petra Kinzlová, Director of Prague.bio. The lectures of two experts on the transfer of intellectual property and the startup environment attracted a lot of attention this year. The conference was opened by Christian A. Stein, CEO of Ascenion GmbH, one of the largest technology transfer institutions in Germany, and founder of a several successful biotechnology companies. He spoke about the different models of IP licensing to start-ups from universities and research institutions, giving examples of models from the UK, the US and Israel, and a specific case study of Cardior, a spin-off of the Hannover Medical School, which was acquired this year by Novo Nordisk for €1.025 billion. Another speaker was Silicon Valley expert Petr Jansa, Executive Director for Medicinal Chemistry at Biomea Fusion (a publicly traded biotech company) and co-founder of other innovative start-ups. His expertise builds on his collaboration with Professor Antonín Holý and the development of new drugs at Gilead Sciences. His presentation summarized the sources of innovation that are currently driving the world of biotechnology in Silicon Valley. The conference also offered a showcase of 12 biotech startups from the CEE region. The expert jury then selected the 3 best presentations. The 1st place went to the Polish company nCage Therapeutics, which is developing technology for the creation of new types of vaccines. The jury selected the presentation of the Czech startup LAM-X as the 2nd best, in which they presented its antimicrobial nanotextile for wound dressings, significantly reducing the risk of infection. The third place was awarded to the Czech project ChemCell from the IOCB (Institute of Organic Chemistry and Biochemistry), whose team is developing cellular immunotherapy for the treatment of cancer. "Biotechnology is one of the key areas that can make a major contribution to our future, not only in health, but also in strengthening the competitiveness of our economy. Fostering technology transfer between research institutions and industry is essential if we are to translate cutting-edge scientific discoveries into innovative solutions that can succeed in the marketplace more quickly and efficiently. That's why I am glad that the Prague.bio Conference is of such interest and that in addition to the results of large research institutions or companies, innovative startup companies are also presenting here. I believe that the Czech Republic has great potential in this area," said Marek Ženíšek, Minister for Science, Research and Innovation. The conference was held under the auspices of the City of Prague and the Ministry of Industry and Trade, and the general partner was the global biopharmaceutical company Bristol Myers Squibb, which is now also a member of the Prague.bio association, and presented its vision of healthcare in the future. "We are pleased to support the Prague.bio 2024 Conference, which gives us the opportunity to get to know innovative ideas from Czech scientific institutions, as well as promising startups from the Central European region. At the conference, we also presented one of our visions of digital health, which combines digital technologies with diagnostic methods and has the potential to change clinical practice and ensure the best possible outcomes for every patient in the future," said Karin Bacmaňáková, CEO of Bristol Myers Squibb, Czech Republic. Prague.bio Prague.bio was founded in August 2023 with the aim of developing the biotechnology segment in the wider Prague region. The association connects important actors in the public, private and academic spheres and promotes the region as a biotechnology hub on the map of Europe. Members of Prague.bio are the Institute of Biotechnology of the CAS, Bristol Myers Squibb, dubanska & co., i&i Prague, Kapaji, MCB Lab, Institute of Microbiology of the CAS, Institute of Molecular Genetics of the CAS, Institute of Organic Chemistry and Biochemistry of the CAS, University of Chemical Technology in Prague, Wolf Theiss and Zentiva. Media contact: Kristina Svobodová Marketing manager Prague.bio +420 725 935 900 svobodova@prague.bio

We are your new team member, leading your journey from groundbreaking invention to market-storming product. Incubation We help invention grow! For scientists aiming to commercialize their innovations, i&i Prague offers step-by-step support, including market analysis, initial funding, and early industry feedback. We connect you with experts from science, law, and industry to ensure your project’s success. We are your new team member, leading your journey from groundbreaking invention to market-storming product. Incubation process Unlock the full potential of your scientific discovery. Our team of experts will provide you with the support you need to successfully commercialize your innovation. Our incubation program includes four basic phases: Idea Evaluation, Pre-Incubation, Incubation and Post-Incubation phase. IDEA EVALUATION Content: Project introduction Duration: Individual Result: Yes/No futher discussion The Idea Evaluation lasts a few weeks. It begins with an introductory meeting to assess the project’s fit with our focus. If relevant, a non-disclosure agreement (NDA) is signed, allowing the team to share confidential data. After that, our team internally analyses the technology’s scientific and commercial potential . The result is a clear decision: either approval or rejection for entry into our program. PRE-INCUBATION Content: Mentoring Duration: Individual Result: Incubation decision In the Pre-Incubation phase , we tailor each project individually . During the second phase of our program, we provide mentoring and hold regular update meetings to track progress and refine the project’s potential. The result of the Pre-Incubation phase is the signing of the Incubation term sheet and incubation agreement. INCUBATION Content: Full-speed project development Duration: Up to 36 months Result: Startup establishment The Incubation phase is the third step of our program, lasting up to 36 months . We focus on market analysis , creating a business plan , building a team (including a CEO ), and developing a proof of concept (PoC) or prototype . We also facilitate investor connections and provide financial support for the startup’s establishment . The result is either the incorporation of a new startup or out-licensing . POST-INCUBATION Content: Startup further support Duration: Individual Result: Support until successful exit The Post-Incubation phase provides ongoing support tailored to the startup’s needs for up to 10 years . Our support includes assistance with business developmen t, access to our expert network , and, if approved, optional investment . The result of the last of our incubation program is either a successful company exit or i&i Prague’s exit from the company . Contact us If you are interested in joining our incubation program, let us know. Our incubation program is open for projects from the Czech Republic and Poland. First Name Last Name Email Message Thanks for submitting! Send

Elphogene, s.r.o. received a TA CR grant for “Sample prep system and technology for cancer testing by liquid biopsy”! Elphogene, s.r.o., an i&i Prague supported start-up, just received grant from the Technology Agency of the Czech Republic (referred to as the “TA CR“) for the project “Sample prep system and technology for cancer testing by liquid biopsy”. Congratulations! Prague, September 10, 2020 – Elphogene, s.r.o. in cooperation with Thomayer Hospital and the Institute of Analytical Chemistry of the CAS, v. v. i. (IAC) received a grant from the TA CR within the Program for the Support of Industrial Research and Experimental Development TREND. The aim of the 4-year project is the development of new methods and technological procedures for the diagnosis of cancer, based on liquid biopsy – a non-invasive testing for the presence of a tumor in a patient’s body. “Receiving financial support for our project will allow us to continue adapting and further developing our oncoMonitor™ technology test, which we currently provide to cancer patients to monitor treatment and early detection of disease recurrence.“ says Marek Minarik, principal investigator of the project, Co-Founder and CEO of Elphogene. The newly developed methodology will be universally applicable in the sample preparation process and compatible with the current most commonly used methods for liquid biopsy. The ultimate result will be an increase in the analytical sensitivity of the test, which will enable the extension of clinical utility. The project, which represents a unique involvement of the three different types of entities – a commercial start-up, a research academic institution, and a top medical facility, thus has a social dimension as well. “The development of a new version of the test, carried out as part of the supported project, aims at a possibility of using a liquid biopsy in earlier stages of cancer, or even for the diagnosis in asymptomatic individuals. This, in turn, can contribute not only to reducing mortality and improving patient health care but also soften the economic impact due to reducing the overall cost of the health care in relation to this highly serious disease.” says Tomas Buchler, Head of the Department of Oncology of the First Medical Faculty of Charles University and Thomayer Hospital. The project will also be the first where Thomayer Hospital participates in a research and development leading to the commercialization of a service or product with the support of the Ministry of Industry and Trade. Without the direct involvement of this Comprehensive Oncology Center, it would not be possible to perform clinical validations that are key to the planned outcomes.