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January 15, 2026

Novo Nordisk Foundation bets €736m on life science and quantum startups in Europe

The Ozempic-fuelled foundation is preparing a European BII footprint in England, Munich and Milan


Mimi Billing

4 min read

Compared to highly recognisable charitable foundations like the Bill and Melinda Gates Foundation and the Wellcome Trust, the Danish Novo Nordisk Foundation usually goes under the radar, despite being the world’s largest foundation in terms of assets.

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Mikkel Bülow Skovborg, senior vice president of innovation at Novo Nordisk Foundation
Mikkel Bülow Skovborg, senior vice president of innovation at Novo Nordisk Foundation.
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Mimi Billing

Mimi Billing is Sifted's Europe editor, based in Stockholm. She covers the Nordics and can be found on X and LinkedIn

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