Mind the Byte opens Subsidiary in Copenhagen
21 April 2015
The Bioinformatics company, Mind the Byte, located at the Barcelona Science Park, opens a subsidiary in the dynamic Science Cluster COBIS in Copenhagen.
In just 43 days, bioinformatics company Mind the Byte, specialising in products and services for computational drug design, has concluded an investment round toatlling €234,310 through the crowd-equity platform Crowdcube.
The capital is intended to consolidate the plan for expansion and internationalisation of Mind the Byte, for which the company has relied on the strategic support of ACCIÓ of the Government of Catalonia, Copenhagen Capacity and Invest in Denmark.
The fist step was to establish a subsidiary in the Copenhagen Bio Science Park (COBIS), one of the most dynamic European clusters in terms of scientific innovation and technological transfer. The second step will be to boost the marketing of the company's SaS platform for drug discvovery in countries such as Denmark, Germany, the United States and Japan.
Reduced R&D Costs and Faster Time to Market
Mind the Byte has two lines of business:
- Custom services involving computational chemistry for biotechnology and pharmaceutical companies, institutions and research groups committed to reducing the cost of drug R&D (drug discovery) processes and accelerating the time to market of new medications by between 1 and 3 years.
- Developing and marketing next-generation software through its SaaS technological platform on a pay-per-use basis for which it is a pioneer in the market.