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Spinnovator-a German public startup engine

Technology transfer organization Ascenion GmbH and early stage VC firm Vesalius Biocapital aim to bridge the translational gap in Germany with Spinnovator, a joint initiative that will spend up to €40 million ($58.5 million) to spin out technologies from publicly funded institutes in Germany into as many as 10 startup companies over the next 5 years.

"German life science research is producing many new approaches for the diagnosis, treatment and management of serious diseases, but so far a great deal of

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