Six companies enter BioInnovation Institute's Venture House program receiving additional financial support
Summary
As part of the Venture House program, companies will also take advantage of BIIs extensive network to help establish a strong board, chairman and key scientific advisors. The first sprint focuses on helping companies develop an operational plan, while the following sprints provide training and support in fundraising, partnership, and leadership.Bobby Soni, Chief Business Officer at BioInnovation Institute, said: "These six companies have shown promise during their time in the Venture Lab program and collectively align with BIIs focus on providing solutions to benefit people and society. The new companies the BII has accepted into the Venture House program are: TriptoBIO is developing a high-value plant compound production platform focused on triptolide to liberate the world from rat poison. Agrobiomics develops transformative natural solutions, with a vision of securing sustainable food supply, that make agriculture resilient to climate change. The Companys solutions are affordable and highly potent, thereby enabling growers globally to increase yields of crops affected by abiotic stress such as salinity and drought.