The Luxembourg Institute of Health (LIH) has joined forces with a leading Luxembourg VC firm to accelerate the transformation of scientific findings into accessible e-healthcare solutions.
Through the collaboration, the biomedical research centre will leverage Expon Capital’s financial and investor community connections and knowledge to help them develop partnerships with digital health companies.
“We are delighted to have entered into this agreement with Expon Capital, a reputable venture capitalist,” said LIH CEO Ulf Nehrbass, adding: “By working together, we will ensure our scientific discoveries are not only marketable but also make a meaningful impact in improving healthcare delivery.”
The LIH was created in 2015 after the Centre de Recherche Public de la Santé research institute merged with the Integrated BioBank of Luxembourg. Currently, it employs more than 450 people, working on research spanning fields such as cancer, immunological disorders, digital health, and precision health.
Expon Capital, a Luxembourg-based venture capital firm founded in 2015, manages the Digital Tech Fund, a seed funding investment vehicle focused on supporting cybersecurity, digital health, big data, fintech, the internet of things, and new space sectors.
Expon Capital managing partner Jérôme Wittamer said: “We eagerly anticipate establishing a robust and enduring cooperation between the worlds of research and finance here in Luxembourg. Together, we will attract innovative and disruptive e-health companies, unlock the full potential of digital health and translational research, and significantly enhance healthcare outcomes for patients.”
Development of the health tech ecosystem in Luxembourg forms part of the government’s economic diversification strategy, which has focused on the creation of public private partnerships in healthtech projects aimed at validating medical products, a healthtech cluster managed by Luxinnovation and a health and lifestyle innovation (HE:AL) campus, scheduled to open in Esch-sur-Alzette in 2024.Click here to read more about the government’s e-health goals.
