APIDC Biotech Fund
The Biotechnology Venture Fund (APIDC Biotech, the Fund, or the company) was formed in May 2003 to make equity, equity-related and mezzanine investments in start-up and early stage life sciences businesses in India. APIDC Biotech is the first fund in India to focus exclusively on the life sciences sector and will seek opportunities in areas such as health care, drug discovery, agriculture, dairy, environmental and industrial applications all over the country. APIDC Biotech plans to take significant minority stakes and build a portfolio of 20 to 25 investee companies with average transaction size of around US$1-1.5 million.