Silicon Biosystems demonstrates how venture capital helps improve patients’ lives around the world and fosters Italy’s high-tech industry. When Innogest first invested in 2007, Silicon had started to develop an innovative process to detect, isolate and retrieve single cells in biological fluids such as blood.
With Innogest’s support, the company further developed a new way of detecting cancer gene mutations to identify the best therapeutic strategy, as well as a non-invasive means of making pre-natal diagnoses of gene defects in the foetus. With Atlante Ventures becoming an investor in 2010, the firms also helped Silicon achieve commercial launch and the company has since grown revenues consistently and entered the world stage. Silicon was sold to Italian pharmaceuticals group Menarini Group in 2013.
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