Proposing party: Prof. Elena Ranieri, working at the Bioagromed Interdepartmental Centre and at the Institute for Clinical Pathology – School of Medicine, Università degli Studi di Foggia

The corporate purpose of the company project is the “research, trial and enhancement of research findings in the pharmaceutical, agricultural, food and health fields” (ATECO code 72.11). The project is aimed at the development of methodologies for manufacturing functional lactic drinks enriched with compounds having antihypertensive, antioxidant and modulating effects on the glucose metabolism, such as bioactive peptides (BP), through the inhibition of the enzyme that transforms angiotensin I into angiotensin II (ACE) and gamma-aminobutyric acid (GABA).

Among other things, the Spin-off company intends to operate in the field of research and development starting from the enhancement of the research results already obtained from the group of proposing parties in order to reach and expand the scope of protectability of the findings resulting from the development activity. Therefore, the spin-off will be able to obtain benefits from the marketing of the results by signing joint agreements with companies operating in the sector of functional food aimed at the production engineering of prototypes, commissioned production, consultancy activities, transfer of intellectual property rights or sale of patents.

The Spin-off proposal was approved by the Università degli Studi di Foggia with a resolution by the Board of Directors of 16/07/2008; whereas on 17/09/2008 the Academic Senate also approved it.

The entrepreneurial proposal includes the participation of the University of Foggia by 10% with respect to the overall share capital of € 10,000.00. In addition to this, the participation of the University of Bari is also 10% with respect to the share capital. This configures such spin-off company as a new joint spin-off company hypothesis between two Universities from the same region, with the purpose of promoting the network of interregional relations and of “making system”.

The company was incorporated on 22/06/2009