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On the basis of a suggestion made by the World Academy of Art and Science (WAAS), and in association with the 250 year anniversary in 1989 of the Royal Swedish Academy of Sciences, the Biofocus Foundation (BF) was created. It was designed as a non-profit organization for selecting innovative objects in biotechnology, but it was also given the charge of trying to become economically independent. This has partly been achieved through the acquisition of a controlling portion of the shares in Ekvitec AB. Hopefully, this move will eventually not only help to implement the Foundation’s foreign aid initiatives, but it will also foster strategic development- and technology transfer efforts within the industrialized world. It is expected that such business activities, often with a strong environmental component, will eventually yield a return on BF:s portfolio, so that this can permit the development-and marketing efforts which are normally required in order to introduce innovative front-line objects on the global market. However, so far Ekvitec has only been able to support BF by paying its rent, office service, as well as the communication costs and some of the travels that are needed for maintaining contacts with BF:s corporate affiliates (a growing number of large companies which share BF:s goals), and a large panel of experts. It also supports networking for instance by providing office space for the Scandinavian bureau of UNU:s Zero Emissions Research Initiative (ZERI
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On the basis of a suggestion made by the World Academy of Art and Science (WAAS), and in association with the 250 year anniversary in 1989 of the Royal Swedish Academy of Sciences, the Biofocus Founda...
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Mergers & Acquisitions
Commercial and market reports on mergers and acquisitions in the biotechnology, pharmaceutical, medical device and life-science industries. Mergers and acquisitions (abbreviated M&A;) is an aspect of corporate strategy, corporate finance and manageme...