Biotech entrepreneurs embrace crowdfunding

Crowd Funding Concept.
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Millions of pounds are pouring into fledgling UK life science companies through crowdfunding platforms, providing a new financing option for early-stage biotechnology entrepreneurs trying to commercialise medical innovations. Cambridgeshire-based Axol Bioscience is the latest to use equity crowdfunding to bridge the notorious “valley of death” — the funding gap that often imperils start-up companies, especially in the biotech sector. Axol, which produces customised human cells for use in medical research, is seeking £600,000 through an equity crowdfunding platform called SyndicateRoom which has raised over £16m for life science companies.

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