Current year is the fifth one during which EuropaBio will award a prize of the most innovative SME in the European Union (EU). The ceremony will take place in Brussels on October 8th as a part of European Biotech Week. Before that, top five candidate SMEs representing all biotechnological areas were selected from 35 applications. These are Autifony, Bio-on, Biosyntia, Erytech Pharma and to-BBB.
Autifiony Therapeutics is the UK-based company that works on the development of novel drugs for hearing disorders’ treatment by targeting particular ion channels governing neuronal activity. The second candidate, Bio-on, with its main slogan that states “Turn on BIO! Turn off pollution!” is an Italian company creating natural products and solutions that are based on renewable resources. It produces Polyhydroxyalkanoates, which are the first totally bio-based plastics. Danish SME, Biosyntia is offering unique fermentation processes of fine chemicals based on biocatalysts that are characterized by cost-efficiency and are environmentally friendly. The next enterprise, Erytech Pharma is a French biopharmaceutical company that develops innovative approaches for cancer therapies based on starving tumors. Currently, its product is in phase III development and can become efficient way of treatment for patients with acute leukemia. The last candidate is to-BBB company representing the Netherlands. It works on liposomal drug delivery system that could be used in some most severe brain disorders.
In order to apply for the competition, companies need to meet the criteria of SME according to EU definition and must be located in one of the European member states. As a name of the award suggests, the enterprises should be characterized by novel innovative ideas or products that would help in coping with the biggest environmental, social or technical issues. Moreover, the candidates are obliged to present their vision for the next two years concerning business strategy. The winners are chosen basing on certain criteria including response to social needs, raising capital, business strategy and so called “innovation factor”.
In each next edition, the award has gathered more attention and was strongly supported as a crucial event for the whole biotechnological community and the policy makers. During the competition, some critical matters associated with access to funding, intellectual property protection and the European strategy for innovation development are risen. The other crucial thing is to present real social benefits of biotech companies associated with many different sectors such as industry, agriculture and healthcare to a wider audience. Importantly, this year’s award ceremony will focus mainly on financing . The European Investment Bank will showcase its “Growth Financing Facility” that is aimed to provide funds for EU innovative enterprises.
EuropaBio is the European Association for Bioindustries, encompassing numerous biotechnological enterprises engaged in research and development, testing, production and distribution of biotechnology products. It is also involved in commercialization of novel solutions that could be applied in a wide range of sectors like healthcare, bioinformatics, diagnostics or agriculture.
2016-04-03 04:48:20 +0200
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2016-04-03 03:13:18 +0200
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