Emerging in Denmark

After three years of testing the waters, the board of Lundbeck Foundation wants to ramp up its early stage investing. The group has tasked its Lundbeckfond Emerge unit with investing about €40 million ($40.4 million) in Danish start-ups for the next four years.

Combined with its academic grant programs and later-stage venture arm, the foundation believes it now has all the necessary funding vehicles to support the translation of research discoveries into medicines...