Výsledky vyhledávání

CasInvent Pharma, a New University Spin-Off Focused on Developing Cancer Drugs Established with Help of i&i Prague! A new spin-off company, CasInvent Pharma, a.s., has been established by Masaryk University (MU) in cooperation with its investment partner, i&i Prague, s.r.o. (Ltd), in order to facilitate further development of new compounds that could be used to treat certain types of leukaemia, lymphoma and solid tumours. The company will test the compounds that inhibit the enzyme Casein Kinase 1 (CK1) which is responsible, among other things, for the migration of leukaemia cells into lymphoid organs. The research groups of Vitězslav Bryja and Kamil Paruch from the Faculty of Science MU have been studying and developing these compounds for a long time now. Thanks to the newly-established company, they will be able to finish the preclinical stage of the development of these prospective drugs and move on to clinical trials of the most promising compounds. “The main reason behind establishing this spin-off company is the fact that it is virtually the only option to commercialize this technology, which is still in early stages of development, and advance the research to such stage that it catches the interest of big investors from the pharmaceutical industry,” says the director of Technology Transfer Office MU, Eva Janouškovcová, as to why the joint-stock spin-off company was established with the university as one of its stakeholders. “The i&i Prague company searchs and supports the most promising technologies and the highest quality projects. We have known for a long time that the inhibitors of CK1 are the most promising Czech projects. I am glad that Masaryk University has chosen the i&i Prague as a strategic partner for this project. I believe that we will be able to make significant progress towards clinical trials in the development of the drug, attract other co-investors and international partners and enable the practical use of these new substances as soon as possible thanks to the establishment of the CasInvent Pharma company,” said the CEO of i&i Prague, Jaromír Zahrádka. The CasInvent Pharma spin-off will continue developing the promising results of the scientific teams which led to the patenting of the inhibitors, i.e. compounds that significantly decrease or completely inhibit the activity of CK1 and can be used to treat e.g. certain types of leukaemia. More specifically, the B-Cell Chronic Lymphocytic Leukaemia (CLL) and the Acute Myeloid Leukaemia (AML). CLL characteristically causes the accumulation of dysfunctional cancer cells in the blood and their migration to lymph nodes, liver, spleen and bone marrow, which causes further complications such as enlargement of organs, immunodeficiency, anaemia and other. The aggressiveness of the disease then depends on the interaction of these dysfunctional cells with their immediate surroundings – so-called microenvironment. This interaction leads to tumour cells dividing uncontrollably. The inhibitors of CK1 can effectively stop the migration of the leukaemia cells to lymphoid organs, which prevents them from being damaged and hinders the spreading of CLL. AML, which is one of the most aggressive and difficult-to-treat types of leukaemia, has CK1 working in a different way. Based on the current results, the scientists expect the new compounds to initiate programmed cell death (so-called apoptosis) in leukaemia cells. Targeting interactions in the microenvironment, regulating apoptosis and inhibiting migration mechanisms can be successfully used with other forms of cancer as well, e.g. solid tumours the growth and spreading of which often depends on roughly the same principles. CasInvent Pharma joined the ranks of the other 17 spin-off companies Masaryk University helped to establish. The purpose of these spin-off companies is mainly to utilize the university’s intellectual property and increase its value. The university grants companies intellectual property licensing agreements and, in some cases, it even owns shares of the company. As a result, the spin-off companies established by the university bring profit to all the parties involved: for the university, it is the best way to appreciate its intellectual property, the spin-off company gains a competitive advantage on the market and, last but not least, the end product reaches the consumer more quickly

i&i Prague and ÚHKT Join Forces to Bring an Innovative Sample Preparation Technology to Market Prague, March 18, 2025 – i&i Prague, a leading Czech biotech incubator, has announced a collaboration with the Institute of Hematology and Blood Transfusion (ÚHKT) to commercialize an innovative liquid microextraction technology. Developed by Dr. Matyáš Krijt and Associate Professor Daniel Vyoral, this technology enables fast and efficient separation of two immiscible liquids without the loss of analytes, even in a parallel setup suitable for robotics and automation. The further development and production of the final commercial product will be handled by Medirekt Partner. By combining cutting-edge academic research, expert technology transfer, and industrial know-how, this project paves the way for successful commercialization. It serves as another example of how collaboration between the public and private sectors can bring scientific discoveries closer to real-world applications and improve the efficiency of laboratory processes. Faster, More Cost-Effective, and Eco-Friendly Liquid Separation “The new patented technology represents a major breakthrough in sample preparation for analytical laboratories. Unlike traditional methods, it utilizes a unique principle based on a hydrophobic or hydrophilic surface treatment of a capillary opening. The absence of a frit or membrane prevents analyte retention and enables parallel processing of samples using liquid microseparation techniques,” explain the technology's inventors, Matyáš Krijt and Daniel Vyoral. A Technology with Significant Market Potential The Institute of Hematology and Blood Transfusion plays a crucial role in this project, actively supporting the commercialization of the technology. “ÚHKT recognizes this technology, developed within the TAČR Gama project, as a significant innovation with real market potential. It can be used in virtually any laboratory involved in analytical sample preparation, offering a faster, more precise and cost-efficient alternative to current technologies,” says Petr Lesný, Head of Technology Transfer at ÚHKT. i&i Prague as a Key Accelerator of Technology Transfer i&i Prague specializes in supporting innovations in biotechnology, including the development of laboratory diagnostics and new therapeutics. “We see great potential in this technology and are excited to help bring another innovation from a Czech research institution to life,” says Jiří Moos, CEO of i&i Prague. “We have acquired the intellectual property rights from ÚHKT, and together with our project partners, we believe this innovation can be transformed into a successful commercial product.” Collaboration with Medirekt Partner for Market Entry Industrial partnerships are essential for successfully bringing this technology to market. Medirekt Partner is responsible for product development, manufacturing, and ensuring that the final product meets customer needs. “The technology has successfully undergone laboratory testing and is now being refined for commercial use. We aim to create a product that meets the highest demands of analytical laboratories while offering a more economical (up to ten times more cost-effective) and environmentally friendly (up to a tenfold reduction in the volumes of solvents currently used) solution for sample preparation,” says Jiří Sopuch from Medirekt Partner. Press Contacts Martin Kovalčík – kovalcik@iniprague.com , +420 777 472 863 Jiří Sopuch – jiri.sopuch@medirektpartner.cz, +420 605 826 081 About i&i Prague i&i Prague is a biotech incubator and venture builder founded in 2017 at the Institute of Organic Chemistry and Biochemistry of the Czech Academy of Sciences. The company focuses on innovations in drug development, diagnostics, and medical technologies, specializing in supporting early-stage startups and spin-offs. i&i Prague provides expert guidance on scientific, legal, business, and strategic issues essential for successful company growth. It has built a unique network of startups, investors, industry partners, and biotech experts, fostering efficient collaboration and knowledge-sharing. In 2021, i&i Prague co-founded the investment fund i&i Biotech Fund (i&i Bio). www.iniprague.com About the Institute of Hematology and Blood Transfusion (ÚHKT) The Institute of Hematology and Blood Transfusion (ÚHKT) in Prague is a renowned institution specializing in diagnostics, treatment, and research in hematology, blood transfusion, and stem cell therapy. As a center of excellence, ÚHKT focuses on caring for patients with blood disorders, oncological diseases, and immune-related conditions while ensuring high-quality transfusion medicine. With a long-standing tradition and modern infrastructure, ÚHKT contributes significantly to innovative research and the implementation of new therapeutic methods, making a profound impact on medical advancements in the Czech Republic. www.uhkt.cz About Medirekt Partner Medirekt Partner has been engaged in the production and development of medical devices since 2013. The company has collaborated on various medical applications with renowned organizations such as IOCB Prague and universities. Medirekt Partner also provides expert consulting services for product manufacturing, lean production optimization (Lean Six Sigma principles), and automation. The company strives to be part of unique projects with high added value and is a member of the Prague.bio cluster. www.medirektpartner.cz

If you have any questions for us, feel free to email or call us. Contact us We help invention grow! i&i Prague, s.r.o. Pobřežní 394/12 186 00 Prague Czech Republic IN: 06058485 +420 725 152 013 info@iniprague.com First Name Last Name Email Message Thanks for submitting! Send

Neuron 2024 Award for Bridging Science and Business Goes to SophoMer, s.r.o., a Startup from i&i Prague's Portfolio A team of scientists from the Institute of Macromolecular Chemistry of the Czech Academy of Sciences (IMC CAS), together with representatives from the startup SophoMer s.r.o., the i&i Prague incubator, and ELISA development, received the prestigious Neuron 2024 Award for Bridging Science and Business. The awards ceremony took place on Sunday, January 19, at the National Museum in Prague in the presence of the President of the Czech Republic, Petr Pavel. What Is SophoMer™ and Why Is It Groundbreaking? Reliable results in immunodiagnostic in vitro tests have traditionally relied on animal-derived proteins, such as bovine serum albumin (BSA). However, BSA does not meet the standards for Animal Component-Free (ACF) materials, which are required to contain no animal-origin components. Additionally, BSA exhibits inconsistent properties and poses a risk of pathogen transmission. These issues are resolved with the synthetic molecule SophoMer™ F10. This polymeric material eliminates the risks associated with animal-derived products and enhances the stability and performance of diagnostic tests. According to Tomáš Etrych, Head of the Biomedical Polymers Department at IMC CAS, “The collaboration between our team and SophoMer is highly beneficial for both parties, and we are thrilled that the Neuron Foundation has recognized this bridge between science and business. We believe this award will serve as an important stimulus for our future collaboration.” From Lab to Market SophoMer s.r.o. was founded in 2022 and signed a licensing agreement with IMC CAS, ELISA development, and i&i Prague in January 2023. Just two months later, the SophoMer™ F10 material was sent to customers for testing. What sets SophoMer apart is its early focus on industrial applications, addressing a clear market need from the outset. “We are validating our first polymer by co-developing diagnostic kits with the Brno-based company BioVendor, where our product, SophoMer™ F10, is used as a standard component in the kits. These valuable experiences are then applied at i&i Prague when preparing incubation plans for other projects,” explains Jiří Moos, who, along with Jan Plicka, initiated the project. Currently, four diagnostic kits are in development, with one set to hit the market soon. “In addition, we have already defined a new portfolio of innovative polymers on which we are working intensively,” notes Martin Burkhard, CEO of SophoMer s.r.o. Awards Ceremony The Neuron 2024 Award for Bridging Science and Business was received on behalf of IMC CAS by Dr. Tomáš Etrych, Head of the Biomedical Polymers Department, along with his colleagues Libor Kostka and Vladimír Šubr. SophoMer s.r.o. was represented by its CEO, Martin Burkhard, while i&i Prague was represented by its CEO, Jiří Moos, and ELISA development by Jan Plicka. SophoMer™ F10: How does it work?

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.

Co je to transfer technologií? Transfer technologií je zjednodušeně přenos myšlenky, poznatku či vynálezu do praxe. Jde o dlouhou cestu, během které je nutné zajistit dostatečné financování, právní ochranu i správné komerční nasměrování původního nápadu. Bez profesionálního transferu technologií se komerčního úspěchu prakticky žádný vynález nedočká. I tak v praxi v Česku uspěje přibližně každý desátý projekt. Ročně zajišťuje transfer technologií české vědě prostředky v řádech miliard korun.

i&i Prague supports the innovative start-up PEP-Therapy in their extension of the Series-A financing, totalling €5.4 million to progress the clinical development of the lead candidate PEP-010 PEP-Therapy, a biotechnology company developing cell penetrating peptides as targeted therapies for the treatment of cancers, announced today that it raised an additional €2.6 million ($3 million) in an extension of its Series A financing round, bringing the total raised in this round to €5.4 million ($6.4 million). This new funding comprises €1.6 million in equity from Anaxago, i&i Prague and BADGE as well as a €1 million loan from Bpifrance. This increased financial support highlights the potential of PEP-010, as well as PEP-Therapy’s Cell Penetrating & Interfering Peptide (CP&IP) technology platform, which was first developed at Sorbonne University and Institut Curie. PEP-010 is the first of a new class of therapeutic peptides based on PEP-Therapy’s innovative Cell Penetrating & Interfering Peptide (CP&IP) technology. These innovative molecules penetrate cells and specifically block relevant intracellular protein-protein interactions, leading to the inhibition of key pathological mechanisms, without altering physiological mechanisms. PEP-Therapy will use the funds to finance the Phase I a/b clinical trial of PEP-010, PEP-Therapy’s lead candidate, for the treatment of advanced solid tumors. The first part of the Series A, which closed in April 2021, will finance the Phase Ia dose escalation part of the study, with the additional funds being used for the development of PEP-010 until the end of the expansion cohorts, Phase Ib. PEP-Therapy expects to generate promising clinical data from this study, particularly in two indications: metastatic triple negative breast cancer and platinum resistant ovarian cancer. Patients with these two types of solid tumors have a poor prognosis and limited therapeutic alternatives. Antoine Prestat, CEO and co-founder of PEP-Therapy, said: “We are delighted to have completed this financing round via an attractive balance of dilutive and non-dilutive funds from new high quality and diversified investors who will bring expertise and new insights to support our development.” Jaromír Zahrádka, PhD, CEO of i&i, commented: “PEP-Therapy has developed an extensive knowledge of targeted peptides and the promising preclinical data the company has generated show great potential. We are looking forward to seeing the confirmation of the positive results seen in preclinical data in the upcoming Phase I study.” Gaston Vasseur, Investment Manager at Anaxago, added “This extended financing highlights PEPTherapy’s capacity to attract highly specialized as well as diversified investors. The Company has managed to rapidly secure the funding for the Phase I trial with PEP-010, a very important milestone for the company. We are happy to contribute to this financing round in conjunction with a number of experienced life science investors.” In addition, PEP-Therapy and its clinical partners, Institut Curie and Gustave Roussy, previously received a €2.9 million grant from the French state innovation fund – Fonds Unique Interministériel (FUI) – to finance nonclinical and early clinical development of PEP-010. About Anaxago Founded in 2012, Anaxago Venture Capital is a digital VC firm specialised in Healthtech & Biotech, Proptech, Fintech and Impact investing. Anaxago Venture Capital has financed more than 45 companies since its creation. About BADGE Business Angels des Grandes Ecoles (BADGE), created in 2004, is a leading French Business Angels association with more than 280 members, and having participated in 21 fundraisings in 2020 of a combined value of over €5.3 million. Its members are recognized leaders in all sectors of the industry and are willing to finance and support young innovative companies with high growth potential. BADG aims to: Identify and review promising innovative projects Conduct fund-raising for the most promising ones Support the entrepreneurs with individualized business advice and key contacts Provide training and methodological support to its members BADGE has thus financed more than 185 young companies since its creation.

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.

< Back Simona Šandová Office Manager 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. She has considerable experience in administration and office management.

CasInvent Pharma raises € 1.6 million from i&i Prague and Other Investors to Support the Development of CK1 Inhibitors for Treatment-Resistant Solid and Hematological Tumours The financing will boost the development of innovative casein kinase 1 (CK1) inhibitors with the potential to treat conditions like acute myeloid leukaemia, pancreatic cancer, and certain types of breast cancer. This investment round was supported by the existing and two new investors. The syndicate includes i&i Biotech Fund (i&i Bio), KHAN Technology Transfer Fund I (KHAN-I), i&i Prague, the Holeček Family Foundation, and BIOINVESTIMED a. s. CasInvent Pharma, a university spin-off focused on developing anti-cancer compounds, has successfully closed the Pre-Series A funding round, raising a total of € 1.6 million from both existing and new investors. Founded in 2020 as a spin-off from Masaryk University in Brno and with the support of i&i Prague, CasInvent Pharma specializes in the development of highly selective inhibitors targeting the casein kinase 1 enzyme family. These enzymes play an important role in several disease-related processes, including the migration of leukaemia cells into lymphoid organs. The small-molecule inhibitors are designed to target individual isoforms of CK1 and thereby selectively eradicate leukemic cells. "It's gratifying to have convinced both new and existing partners to support our quest in developing effective treatment options and hope for patients suffering from these cancers with a very low survival rate," says Alexander Scheer, CEO of CasInvent Pharma. He believes these inhibitors have the potential to treat patients with conditions like acute myeloid leukaemia, pancreatic cancer, certain types of breast cancer (TNBC), and other diseases with limited treatment options. "The company's ability to attract new investors reaffirms not just the project's quality, but also the combined expertise of the team at CasInvent Pharma," says Ivan Vohlmuth, a partner at i&i Bio. "The team has worked really hard over the past 18 months and achieved promising data in the development of their CK1 inhibitor portfolio. We are pleased to continue to support the company," add Michael Krebs and Peter Nussbaumer from KHAN-I. Joining the investment round, alongside i&i Bio, KHAN-I and i&i Prague, are two new partners: the Holeček Family Foundation and BIOINVESTIMED a. s. "Supporting this innovative project allows us to participate in the important development of new treatment methods and therapeutic strategies in the field of oncological diseases. At the same time, we are impressed that a Czech entity has embarked on this difficult and financially demanding path. With our engagement we would like to motivate other investors to fund promising life science companies in the Czech Republic," says Ondřej Novák, Director of the Holeček Family Foundation. Contact: Martin Kovalčík, kovalcik@iniprague.com , +420 777 472 863 About i&i Bio i&i Bio is a Luxembourg-based venture capital firm that invests in innovative European life sciences companies focused on drug discovery, 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 € 53 million 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 CasInvent Pharma CasInvent Pharma is a drug discovery spin-off company established in 2020 by Masaryk University (MU) and Bio-Innovation Centre i&i Prague, s.r.o. (Ltd). 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 at www.casinvent.com . About European Investment Fund 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. About KHAN-I KHAN Technology Transfer Fund I GmbH & Co KG (KHAN-I) is an early-stage life sciences venture fund with € 70 million under management. Their mission is to create value through cooperative drug development partnerships with academic innovators in Europe. KHAN-I focuses on first-in-class therapies for attractive markets with a high unmet medical need. The fund is managed by Khanu Management GmbH, an experienced team of professionals with proven track records in early-stage drug development and academic spin-offs as well as pharma licensing and partnering. KHAN-I received an investment from the European Investment Fund (EIF) with the support of InnovFin Equity, and with the financial backing of the European Union under Horizon 2020 Financial Instruments and the European Fund for Strategic Investments (EFSI) under the Investment Plan for Europe. KHAN-I is also supported by Austria Wirtschaftsservice GmbH (AWS with funds provided by the Austrian Federal Ministry for Digital and Economic Affairs and the Austrian Foundation for Research, Technology, and Development), Max Planck Foundation, and Thyssen’sche Handelsgesellschaft mbH. In addition, KHAN-I sustains a preferred partnership with the Max Planck Society (Max-Planck-Gesellschaft e.V.). More information at www.khanu.de. About Holeček Family Foundation We support people with knowledge, experience and vision in areas we consider important for the development of our society. We provide support in the form of an open opportunity to receive funding from the Foundation and we leave it up to the beneficiaries to decide how to best use the support we grant. We would like to inspire others with our actions, because we believe that giving back to society brings value to us all. Our main area of focus is the Czech educational system. Educated people are a prerequisite for the development of any society and there is therefore a close focus on educational projects in the Foundation’s activities. Good health is a prerequisite for a full and active life of each of us. Therefore, the quality of health care, social care and the health care system is also in the Foundation’s focus. Last but not least, the Foundation supports science and research projects as the main drivers of progress and development in any society. The Foundation mainly supports organisations such as universities or hospitals, which already have a strong potential in the fields mentioned above, but their funding does not always allow them to fully develop their potential. In addition to these main areas of focus, the Board of Trustees also looks at specific innovative projects with the potential of bringing new discoveries or practices. More information at www.holecekfoundation.cz .

< Back Jiří Moos CEO, Board of Directors Jiří Moos is our Executive Director, having joined i&i Prague from DiaSorin where he was the Marketing Manager. He is also a member of the TACR GAMA Commercialization Board at the Institute of Molecular Genetics in Prague, and an external member of the Supervisory Board at the Institute of Biotechnology AS CR. Between 2008 and 2016, he acted as a Senior Sales Manager for Sigma-Aldrich (since 2015 a part of Merck KgaA), Czech Republic and Slovakia, and as a Coordinator of regional Sigma-Aldrich Applied Business Unit activities, also covering Hungary and Poland. For six years, he worked for Immunotech a.s., a Beckman-Coulter company located in Prague, first as a Product Manager in the Clinical Chemistry team and later as the Life Science Product Specialist team leader. Jiří also has extensive experience as a Scientific Researcher at the Centre of Assisted Reproduction, General Teaching Hospital in Prague, and as a Research Fellow at the Institute of Molecular Genetics, AS CR in Prague. Jiří Moos completed his Master´s degree in Biology and Chemistry at Charles University in Prague. He received a Ph.D. (CSc.) in Biology from the Institute of Molecular Genetics, AS CR in Prague, followed by almost 3 years of postdoctoral fellowship in the field of Biology of Reproduction at the University of Pennsylvania in Philadelphia. Jiří has also completed the Miller Heiman course of Business and Strategic Selling. If you are interested in cooperation, Jiří will probably be the person you will be meeting quite often. Maybe you are already on his radar because he is the one actively searching for new technologies and early-stage opportunities. He has been in the world of science for almost three decades and has made an extensive network of contacts both in Academia and Industry.

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 .