Lundbeckfonden

Lundbeckfonden is an independent non-profit private foundation located in Copenhagen, Denmark, established in 1954 by Grete Lundbeck. Its primary objective is to maintain and expand the activities of the Lundbeck Group while providing financial support for research in biomedical and natural sciences. The foundation operates under the supervision of the Danish Civil Affairs Agency and has its assets managed by a board of directors. Lundbeckfonden also oversees Lundbeckfond Ventures, an evergreen life science venture fund founded in 2009, which invests up to €50 million annually. This fund operates independently from the Lundbeck Foundation's controlling interests in various companies, focusing on generating returns to support the foundation's broader activities.