PROJECT

Projects

Summary of Proposed Investment

Project Number

22892

Company Name

THE BIOTECHNOLOGY VENTURE FUND

Date SPI Disclosed

Sep 17, 2004

Country

India

Industry

other

Projected Board Date

Oct 24, 2004

Status

Active

Sector

Private Equity/Venture Cap Fund - Country

Department

Regional Industry - MAS Asia & Pac

Environmental Category

FI

Previous Events

Approved : Mar 8, 2005
Signed : Apr 21, 2005
Invested : Nov 8, 2005

Project Description

The Biotechnology Venture Fund (APIDC Biotech, the Fund, or the company) was formed in May 2003 to make equity, equity-related and mezzanine investments in start-up and early stage life sciences businesses in India. APIDC Biotech is the first fund in India to focus exclusively on the life sciences sector and will seek opportunities in areas such as health care, drug discovery, agriculture, dairy, environmental and industrial applications all over the country. APIDC Biotech plans to take significant minority stakes and build a portfolio of 20 to 25 investee companies with average transaction size of around US$1-1.5 million. The Fund has a 10 year term and a 4 year commitment period.

Sponsor / Cost / Location

Development Impact