The Lundbeck Foundation- Private Funding for Excellent Research

Ph.D, MD and Director of Research Anne-Marie Engel

Destination Europe, San Francisco December 2012

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The Lundbeck Foundation is an industrial foundation established in 1954 with the main purpose of securing and expanding the Lundbeck-company and providing financial support to science of the highest quality.

Through a wholly owned company, the foundation holds substantial amounts of stock in H. Lundbeck A/S, ALK Abello A/S and Falck A/S.

Grants approximately DKK 500 million ($ 83 mill.) for biomedical and natural sciences a year.

Mission

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Global leader in allergy vaccines

Investments in biotech companies

Portfolio investments in stocks, bonds , etc.

Global leader within treatment of brain diseases

International leader within assistance and emergency

70% 40%(67%)

Revenue USD 2,786 mio. Revenue USD 409 mio. Revenue USD 1,774 mio. Value USD 1,730 mio.

Note: The Lundbeck Foundation holds 40% of the capital and 67% of the votes in ALK.

57%

12 companies in portfolio

GRANT ACTIVITIESUSD 88 mio.

Bridges scientific invention to

incorporation

Revenue 4.108

Operating profit 724

The Foundation's net income 316

The Foundation's net worth 5.000

Number of employees 24.676

The Lundbeck Foundation 2011 (USD mio.)

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Supports independent research in biomedicine and natural sciences.

Young researchers are given precedence.

Biomedical priorities are neuroscience, psychiatry, allergology/immune modulation and prehospital care.

Promotes the internationalization of Danish research by funding partnerships and exchange programmes involving leading research teams from Denmark and abroad.

Endeavors to motivate, inspire and recognize research talent, e.g. by presenting honorary awards and fellowships.

Purpose

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Lundbeck Foundation grants that adresses international researchers:

Projects grants

Lundbeckfond Fellowships

Visiting Professorships

Strategic Initiatives

International profile

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Scientific content of the application

The applicant's qualifications and the academic environment at the host institution must be of top quality.

Research of the highest international quality.

Association to Denmark

The Foundation systematically evaluates both applications and the results generated by the research projects that it funds.

Applications are processed by peer-review panels with a majority of external experts.

As a general aim, grants must make a tangible difference.

Criteria for funding

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• Provide support to research projects mostly through competitive funding.

• Calls are published in the context of research programmes that reflect the foundations’ strategic plans.

• Some foundations also allow themselves the flexibility to fund ‘out of the box’ or timely projects which cannot be funded through their established programmatic frameworks and yet which converge with their objectives.

• Ability to take risks in funding of both frontier and applied research.

• Ability to take risks or be innovative in how research is undertaken and funded.

• Important partner in public private partnerships.

The role of the European research foundations