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This article was originally published in Start Up

Executive Summary

With $5 million in funding from PE Corp. and another $30-$35 million to be raised through limited partners, Noubar Afeyan, PhD, the founder of PerSeptive Biosystems, has formed a new seed fund, Newcogen, to invest in life sciences and information technologies. The new fund will create companies around concepts, acting as a cross between a seed stage fund, an incubator, and an entrepreneur-in-residence program.

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