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APIDC Biotech Fund

Biotechnology Ventures Fund (APICD) is a venture fund investing in enterprises in the health and pharmaceutical industries and in environmental enterprises. The fund has a total capital of NOK 214 million, and Norfund has invested NOK 16 million. The most important co investors are IFC and ADB, as well as some of the largest Indian banks and some local investment groups. The management company contributes strongly to the development of the enterprises, by providing close hands-on follow-up in this segment of innovative enterprises that grow quickly.

 

Facts

  • Sector: SME Funds
  • Investment year: 2005
  • Instrument: Fund
  • Committed amount (MNOK): 16.4