Investment Management - , Oslo, Norway
ESTABLISHMENT OF THE RADIUM HOSPITAL RESEARCH FOUNDATIONThe story of The Radium Hospital Research Foundation (RadForsk) goes back to the opening of the Institute of Cancer Reasearch at the Norwegian Radium Hospital in 1954. After this the hospital soon became a hub for cancer treatment and cancer research. It was and still remains the most specialized hospital in Norway within its disciplineIn 1987 RadForsk was established as a technology transfer office (TTO) connected to the Norwegian Radium Hospital. The objective of the foundation was to identify cancer and oncology research with a commercial potential and accelerate commercialization. In 1997 RadForsk established its first company, Photocure, based on research from the Institute.INVESTMENTS AND COMMERCIALIZATIONToday RadForsk acts as a dynamic player working in every part of the research–to–commercialization eco-system – all the way from initial research results to listing companies. Since its establishment, RadForsk has invested in and been an active owner of more than twenty companies. The Foundation currently holds 9 companies.HUB FOR ONCOLOGYRadForsk has also initiated three major projects that serve to bring the research-based industry closer to the hospital: The cancer research and industry cluster Oslo Cancer Cluster (OCC, 2005), the OCC Innovation Park (2015) and the OCC Incubator (2015). Thus the entire oncology value chain is now co-located at The Radium Hospital in Oslo.