Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,205,003 members, 7,990,762 topics. Date: Friday, 01 November 2024 at 12:00 AM

54gene, COVID-19 And The Prospects Of Human Biotechnology In Nigeria - Health - Nairaland

Nairaland Forum / Nairaland / General / Health / 54gene, COVID-19 And The Prospects Of Human Biotechnology In Nigeria (396 Views)

54gene, Nigeria’s Health-tech Firm, Makes Wef’s Technology Pioneers List / Akin Abayomi Inspects 54gene's Genome Sequencing Laboratory In Lagos / 54gene Raises $500,000 To Boost COVID-19 Testing In Nigeria. (2) (3) (4)

(1) (Reply)

54gene, COVID-19 And The Prospects Of Human Biotechnology In Nigeria by Geraldineout: 8:28am On Apr 02, 2021
Nigeria doesn’t contribute much to the global biotech industry which is estimated to be worth $833.34 billion with a Compound Annual Growth Rate (CAGR) of over 7.02% by 2027, but this is beginning to change.
The impending growth of Biotech in Nigeria has been aided by the covid-19 pandemic where it has been central to the response. At the forefront of this increased attention is 54gene, a Nigerian biotech startup that has attracted $20 million in funding from Silicon Valley venture capitalists who are betting big on the yet unexplored African genome.
54 gene’s rise coinciding with the covid-19 pandemic has increased the potential for the founding of more biotech startups and an influx of more venture capital. Unlike other VC backed verticals, biotech is a highly specialized field that requires significant training, qualifications and expertise. Success here is predicated on the difficult ability to develop and commercialize research findings from the laboratory bench.

1 Like

(1) (Reply)

NCDC Attributes Travellers’ Complaints To Technical Failure / Why Nigeria Could Become The Next Covid-19 Catastrophe After India / 5 Key Things To Note When Buying Things That Might Affect Your Health

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 5
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.