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Gates Foundation Makes First Equity Investment in a Biotech Startup, Liquidia Technologies

Global health innovators have a rich new venture capitalist to turn to–the Bill & Melinda Gates Foundation.

The Seattle-based nonprofit, the world’s largest philanthropy with $36.4 billion in assets, made its first direct equity investment in a for-profit biotech company last week when it pumped $10 million into Research Triangle Park, NC-based Liquidia Technologies. While the foundation has made grants to companies for years, and has linked its support to specific programs with clear global health goals, this is the first time the foundation has structured a deal to take equity ownership, and have board-level oversight of a startup’s work, much like a venture capital firm.

Luke Timmerman

Full Story: http://www.xconomy.com/seattle/2011/03/08/gates-foundation-makes-first-equity-investment-in-a-biotech-startup-liquidia-technologies/

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