Novo Nordisk’s parent company, Ozempic, has set aside €188 million (over $200 million) for initial investments in innovative technologies for the healthcare industry, such as quantum computing, sensors, and algorithms.
Søren Møller, managing partner for seed investments at Novo Holdings confirmed the investment plans in a statement on Wednesday
The fund is intended to establish a “vibrant seed and venture capital investment ecosystem” in Denmark, according to the Danish Investment Organisation.
Quantum technologies are developing at a “steep pace,” according to the business, especially in the Nordic region.
“We’re very excited about getting this off the ground so that we get some good deals done,” said Møller.
Furthermore, although the investment mandate is worldwide, it will be based in Denmark, with the possibility of expanding outside of the Nordic region.
Novo Holding’s Seed Investments will serve as the foundation for Quantum Investments. As per the statement, a new sub-team will be formed specifically to support entrepreneurs in quantum computing, sensing, and algorithms with applications in the healthcare field.
Søren Møller, Managing Partner, Seed Investments at Novo Holdings, said, “Quantum technology is a disruptive and transformative field that can revolutionise various sectors and global challenges … our ultimate goal is to create, grow and develop strong quantum technology companies in the Nordics.”
Newsng gathered that the Novo Nordisk Foundation and other donors have donated grants of DKK1.2bn (€160m) to quantum technology research, including the development of a fully functional quantum computer in Denmark in 2022, making Denmark’s per capita spending in quantum technology “the highest in the world today.”
With its insights for material creation, supply chain optimisation, gas leak detection, and environmental monitoring, quantum computing is making major advancements in several industries, including energy.
We earlier reported that during a meeting with the Indonesian president on Tuesday, Microsoft’s CEO promised to invest $1.7 billion in cloud computing and AI to support the development of the AI infrastructure in the archipelago
