Danisco Venture and six other Danish companies with internal venture departments have made a commitment to each invest DKK 10 million in DTU Invest. The company has been formed by the DTU (the Technical University of Denmark), the Danish Technological Institute and the Danish Science Park, Hørsholm, and it has an overriding goal to ensure that ideas, patents and projects from DTU Invest and others serve as building blocks for new business. Procuring contacts and contributing venture capital are essential elements in this process. Some of the key areas for DTU Invest are biotechnology and foods. The three founding organisations combined will invest DKK 15 million so that the overall capital infusion will total DKK 85 million.
‘We have chosen to invest in DTU Invest because we anticipate we´ll achieve a satisfactory return, and because DTU Invest aims to invest in start-ups that will focus on products or technologies of relevance to Danisco’s customers – the global food industry. In addition, we would like to enable the establishment of new business in Denmark with fewer hurdles. We are convinced that this new company will be an invaluable business incubator that is a suitable match to our other Venture activities. Moreover, we feel secure with the business foundations,’ states Vice President Anders Wilhjelm, Danisco Venture.
The investment in DTU Invest is the first one made by Danisco Venture, which was established earlier this year with a capital base of DKK 500 million. According to Anders Wilhjelm, the next investments are well on their way.
Danisco Venture extends entrepreneurs the offer of capital and – via Danisco – access to global food and beverage producers as well as cooperation within development, production and sales.