BioInnovation Institute (BII) is launching AI Lab, a new innovation platform designed to support the commercialisation of artificial intelligence research and accelerate the development of early-stage AI startups in Denmark. The initiative is backed by € 7 million (DKK 60 million) in funding from the Danish Industry Foundation and aims to strengthen collaboration between startups, researchers and industrial companies while helping bring AI-based technologies to market more quickly.
AI Lab will be operated by BII, which, since 2018, has supported more than 140 startups across life sciences, quantum technology and biosolutions with funding, infrastructure and commercialisation support. Through the AI Lab, BII will expand its activities into artificial intelligence, focusing on helping startups develop scalable AI solutions and attract external investment.
The programme will provide selected startups with non-dilutive financial support, access to datasets from Danish companies and institutions, computing infrastructure, technical guidance and connections to potential customers through BII’s industry network. AI Lab will also include an AI-focused accelerator programme designed to help startups become investment-ready and launch pilot projects more quickly.
According to BII, the initiative is intended to address the gap between Denmark’s strong digital infrastructure and the slower adoption and commercialisation of AI technologies within the Danish industry.
Jens Nielsen, CEO of BII, said Denmark has strong foundations for AI development due to its digital infrastructure, publicly available data, research environments and industrial base.
With AI Lab, we at BII aim to create a hub where the right stakeholders can meet and collaborate to turn advanced AI into solutions that make a tangible difference in industry.
The goal is quite simply to shorten the path from a good idea in an academic environment to implementation in the market. At BII, we have proven that we are good at this in other areas, and we hope the same will be true for AI.
Thomas Hofman Bang, CEO of the Danish Industry Foundation, said AI is increasingly becoming a core part of how companies operate and compete, making stronger collaboration between academia, startups and industry increasingly important.
The new platform forms part of BII’s broader efforts to support science-based innovation and help research-driven startups scale commercially across Denmark and internationally.
Would you like to write the first comment?
Login to post comments