Three innovative Geneva-based start-ups receive FIF funding

Three Geneva-based start-ups – Dyneo Technologies, Adoram Therapeutics and ex vivo – have received CHF 250,000 from the FONGIT Innovation Fund to advance solutions in cleantech, life sciences and virtual reality.

The FONGIT Innovation Fund (FIF) has granted CHF 250,000 to three pioneering Geneva-based start-ups in the fields of cleantech, life sciences and virtual reality: Dyneo Technologies, Adoram Therapeutics and ex vivo. These companies will receive a combination of seed loans and grants to further their technological advances and innovations in sustainable energy, drug discovery and medical education.

Reducing energy losses in central heating systems

ICT and cleantech start-up Dyneo Technologies has been awarded a FIF seed loan of CHF 100,000. Its innovative software aims to reduce thermal losses in district heating systems, contributing to energy efficiency and decarbonization. By optimizing network performance and reducing operating costs, Dyneo’s solution addresses key challenges in sustainable energy management. The project is led by co-founders Maël Perret and Max Carrel.

Advancing drug discovery in immuno-oncology

Adoram Therapeutics, a life sciences spin-off from the University of Geneva, has received a FIF seed loan of CHF 100,000 to advance its innovative drug discovery platform. Using an allosteric approach, the company’s platform enhances drug efficacy while minimizing toxicity, initially targeting immuno-oncology and autoimmune diseases. Under the leadership of Hesham Hamed, Adoram is attracting interest from pharmaceutical companies exploring potential partnerships and clinical trial advancements.

Transforming medical education through virtual reality

With a CHF 50,000 FIF grant, ex vivo, led by Oliver Alan Kannape of Geneva University Hospitals (HUG), is developing a virtual reality (VR) tool for medical education. This immersive VR platform allows students to simulate final year clinical examinations (OSCEs), enhancing training without the logistical need for actors and resources. The innovation, supported by HUG and the Swiss Foundation For Innovation And Training In Surgery (SFITS), promises to transform assessment in medical education.