BioBAC was initiated 2006 by Fritz R. Bühler and Jürg Geigy as an extension of the BioValley Investor Lunch Club. Most institutional investors don’t finance capital requirements below CHF 2 million. And there was no Swiss Business Angel Network focussing on life sciences. Therefore many young life sciences start-ups suffered from the so called “early-stage financing gap”.
On January 17, 2007 BioBAC was founded by Nicolas Berg, Fritz R. Bühler, Jürg Geigy, Jürg Meier and Matthias Staehelin.
Since then more than CHF 24 Mio. were raised for 21 start-up companies worldwide (status end 2011).