The New Orleans BioFund has invested its initial $3 million funding pool into 15 emerging companies in the Greater New Orleans area.
A program of the New Orleans BioInnovation Center, the BioFund has a special focus on biotechnology and life sciences startups. The fund has also supported companies across numerous industries including food service, consumer goods, and manufacturing.
Image: Associated Press file photo by GERALD HERBERT -- Robyn Thompson, an associate scientist with InnoGenomics Technologies, works with DNA samples in their laboratory at the New Orleans BioInnovation Center in New Orleans in a September 2011 file photo. InnoGenomics, a genetic testing firm that is developing a blood test to detect and monitor cancer, is one of the success stories from the New Orleans BioFund. The BioFund has invested its initial $3 million funding pool into 15 emerging companies in the New Orleans area, and the fund is now shifting to a model that will offer startups equity to support their growth.
