Navigating the High-Tech Entrepreneurial Journey: Abionic’s Quest for Healthcare Innovation
Abionic, winner of the Swiss MedTech Award 2023, was based at Biopôle, a large life sciences campus in Lausanne, Switzerland. Founded in 2010 by Nicolas Durand and Iwan Märki, Abionic developed and manufactured in vitro diagnostic solutions using its proprietary and groundbreaking nanofluidic technology. After ten years of R&D, Abionic was proud to have developed the abioSCOPE platform, which provided healthcare professionals in more than thirty countries with ultra-rapid, cost-effective point-of-care (POC) panel solutions.
At the time of the case, CEO and co-founder Nicolas Durand faced a tough decision: when the need for a second round of funding became apparent, he had to decide whether to accept the next set of investment offers or to hold back, stabilise the business and increase the valuation.