NEW YORK (GenomeWeb News) – The Biotechnology and Biological Science Research Council said today that it has provided £10 million ($16.1 million) to launch an investment fund that will fund early-stage companies in the UK that are focused on commercializing synthetic biology technologies.

The BBSRC said the private investment company Midven will manage the fund, which will provide investments, strategic support, and help startup companies leverage private capital. Midven's Rainbow Seed Fund specializes in supporting firms that spin out from publicly-funded research programs.

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