Sofinnova Partners spreading Biovelocita accelerator beyond Italy in new strategy

Drawing from eight years of experience with its accelerator set up to guide start-ups in Italy, Sofinnova Partners is expanding its Biovelocita strategy to support young biotechs across more European countries.

The veteran European venture firm intends to advance worthwhile academic projects with management from a newly broadened Biovelocita accelerator, while providing capital for early experimental work and access to Sofinnova’s broader network. Biovelocita will become the firm’s seventh official strategy...