Nowture, from venture capital to venture builder. The Spanish company, an investment ecosystem for biotechnology and life sciences companies, launches two new health companies on the market, which will require a minimum investment of four million euros, according to Mario Grande, co-founder of Nowture.
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Historically, Nowture has invested in companies in the healthcare and life sciences sector and has offered an accompanying service
Now his model turns to venture building, with which he will promote, specifically and for now, two companies: one specialized in osteoarthritis and the other focused on amyotrophic lateral sclerosis (ALS).
In fact, Nowture has already shaped these companies, which are in the “preclinical approach” plan or phase, according to Grande. The company specializing in osteoarthritis is called Ostherix, while the company that investigates ALS is called Calis.
Nowture wants to consolidate four projects this year
Beyond these consolidated projects, Nowture is working on the creation of two other companies, which will be specialized in cardiology (specifically in the development of drugs against the sequelae of a heart attack) and lung cancer.
Nowture’s idea is to consolidate the four projects this year, although Grande acknowledges that there are currently a total of ten initiatives being evaluated and that 300 cases are studied annually.
Nowture is in charge of accelerating the technological transformation of these companies. Specifically, the company obtains the rights to exploit the patent, that is, it becomes the owner of the intellectual property. “We set up projects that will have an easier time with a buyer in the future,” says Grande, who adds that “Spain is the ninth country in the generation of science around biotechnology and there are few projects that carry out what Nowture does.”
In 2021, Nowture entered into the capital of Libera Bio, a company specialized in applying nanotechnology in the development of cancer therapies
Grande comments that each consolidated project will require an annual investment of two million euros, an amount that can be provided by both Nowture and other investors. The horizon is that these companies receive financing between five and ten years.
Nowture is the new image, since the end of 2020, of the investor until then known as XtartCube. It has financial instruments for an accumulated value of three million euros.
In 2021, Nowture entered into the capital of Libera Bio, a company specializing in applying nanotechnology in the development of cancer therapies to increase efficacy and eliminate the toxicity of current treatments.
Libera Bio is a spin-off from the laboratory of the scientist María José Alonso from the University of Santiago de Compostela (Galicia). He is developing a series of patents around the Multifunctional Polymeric Nanocapsules (NPM) Technology.
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First published in PlantaDoce, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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