Tag: BioNtech

  • AI company, InstaDeep chooses Rwanda for African AI research

    AI company, InstaDeep chooses Rwanda for African AI research

    InstaDeep, an AI company with roots in Tunisia and a central office in London, wants to open an office in Kigali, Rwanda’s capital city. 

    Karim Beguir, the CEO of InstaDeep, said recently at Deep Learning Indaba, the yearly meeting of the African machine learning and artificial intelligence community, whose goal is to improve African AI.

    The Kigali office will open with six people who will do the study on artificial intelligence on the continent. “It makes sense to send and grow our team in Kigali as Rwanda becomes a leader in building the economy of the future. “We’re excited to tell this group of African AI researchers and developers at the Deep Learning Indaba,” Beguir said.

    The AI startup employs approximately 240 people across Tunis, London, Lagos, Dubai, Berlin, Cape Town, Paris, Boston, and San Francisco.

    Kigali gives an excellent opportunity for InstaDeep to maintain growing AI in Africa and build sustainable solutions for the continent and beyond, says the head of AI research in Africa, Arnu Pretorius. Rwanda hosted the first AI worldwide conference, ICLR, in Africa, demonstrating its policy leadership. Having an office in Kigali allows us to give additional possibilities to African AI talent from around the continent.”

    According to Deep Learning Indaba, Pretorius will lead the Kigali office. He was recently awarded the Kambule Doctoral Award, which recognises and encourages doctoral candidates at African universities to excel in research and writing in computational and statistical sciences.

    Read also: BioNTech acquires Tunisian startup InstaDeep for £562 million

    Rwanda as Africa’s AI hub

    Rwanda ranks among the top ten African AI readiness index countries. Rwanda was among the few African countries to draft a national AI policy with six priority areas[pdf]: AI literacy, infrastructure, data strategy, public and private sector AI adoption, and ethical implementation in April 2023. East Africa needs $76.5 million to implement the policy in five years.

    The policy is a big step towards launching Rwanda’s AI ecosystem and achieving its goals for national growth. Paula Ingabire, Rwanda’s minister of ICT and innovation, says that we are setting ourselves up to be the best place in Africa for playing with and making trustworthy AI technology that works well in Africa.

    BioNTech, a German biotech company, bought InstaDeep earlier this year for £362 million in cash and unnamed BioNTech shares. The remaining £200 million will be paid based on how well InstaDeep does in the future.

    Uur Sahin, CEO and co-founder of BioNTech, said at the purchase, “The acquisition of InstaDeep allows us to use the rapidly changing AI capabilities of the digital world in our technologies, research, drug discovery, manufacturing, and deployment processes.”

    Now that InstaDeep is a part of the company, it’s important to remember that this is not the first time BioNTech will start an important project in Rwanda. The German biotech business started building its first factory in Kigali, Rwanda, last year. This factory will help make mRNA vaccines in Africa.

    About BioNTech

    BioNTech, situated in Mainz, Germany, develops and manufactures active immunotherapies for patient-specific illness treatment. It develops mRNA-based pharmaceutical candidates for individualized cancer immunotherapies, infectious disease vaccines, protein replacement therapies for rare diseases, engineered cell therapy, novel antibodies, and small molecule immunomodulators.

    The company created an injectable mRNA-based human treatment to bring individualized cancer immunotherapy to clinical trials and construct its manufacturing process.

    BioNTech was started in 2008 based on the study done by Uur Ahin, Ozlem Türeci, and Christoph Huber. MIG Capital and AT Impf gave the company a start-up loan of €150 million. The company’s primary goals are to make tools and drugs for individualised cancer immunotherapy and to develop and test them.

    Andreas and Thomas Strüngmann, Michael Motschmann, and Helmut Jeggle started the company. In 2009, EUFETS and JPT Peptide Technologies were both bought out.

    Katalin Karikó’s work on mRNA at the University of Pennsylvania helped Pfizer and BioNTech make the COVID-19 vaccine. In 2013, she became a senior vice president at BioNTech.

  • BioNTech acquires Tunisian startup InstaDeep for £562 million

    BioNTech acquires Tunisian startup InstaDeep for £562 million

    BioNTech SE plans to acquire Tunisian-founded, United Kingdom-based InstaDeep for up to £562 million (about $680 million). This will be BioNTech SE’s largest deal to date.

    According to the Financial Times, the German vaccine manufacturer plans to employ the machine learning capabilities of InstaDeep to better its drug discovery process. This will include the development of personalised medicines that are targeted to a patient’s cancer.

    According to the CEO of BioNTech, Uur Ahin, “The acquisition of InstaDeep allows us to incorporate the rapidly evolving AI capabilities of the digital world into our technologies, research, drug discovery, manufacturing and deployment processes. Our aim is to make BioNTech a technology company where AI is seamlessly integrated into all aspects of our work.”

    BioNTech intends to apply computational techniques to generate tailored medications for people with cancer.

    InstaDeep’s CEO, Beguir, said, “AI is progressing exponentially and our mission at InstaDeep has always been to make sure it benefits everyone. We are very excited to join forces and become one team with BioNTech, with whom we share the same culture of deep tech innovation and focus on positive human impact.”  

    “Together, we envision building a world leader that combines biopharmaceutical research and AI with the aim to design next-generation immunotherapies that enhance medical care — thus, helping fight cancer and other diseases,” he added.

    Read also: Chipper Cash to acquire Zambian Zoona

    Background on the BioNTech-InstaDeep transaction

    It is believed that BioNTech will pay an upfront sum of £362 million, which will be a combination of cash and an undisclosed amount of BioNTech shares. 

    InstaDeep’s future success will determine whether or not the company receives the remaining £200 million, according to a statement released by the company.

    InstaDeep’s CEO, Beguir, discussed the company’s usage of reinforcement learning in an interview the previous year. 

    Reinforcement learning is a type of machine learning that assists in the formulation of optimization strategies and handles them simultaneously. 

    InstaDeep’s artificial intelligence technology has been put to use in a variety of contexts, including assisting a huge shipping corporation in effectively transporting thousands of containers to a railway station and automating the scheduling of 10,000 trains. 

    Other examples include the routing of components on a printed circuit board and the construction of sophisticated treatments using silicon.

    A moonshot solution to automate railway scheduling is now being developed by the company in collaboration with Deutsche Bahn, which is the most important train operator in Europe.

    In 2019, InstaDeep and BioNTech entered into a multi-year strategic relationship to construct a combined artificial intelligence innovation centre. Within this lab, the companies planned to use the most recent developments in AI and ML to create breakthrough immunotherapies. 

    Because of this long-term cooperation, InstaDeep has become the focal point of a growing portfolio of activities centred on artificial intelligence and machine learning at BioNTech. This acquisition is the consequence of that partnership.

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    Some Info on InstaDeep

    InstaDeep was established in 2014 by Karim Beguir and Zohra Slim. In January of last year, the company successfully raised $100 million as part of its Series B investment, which Alpha Intelligence Capital and CDIB sponsored. BioNTech was one of the participating investors, together with Chimera Abu Dhabi, DB Digital Ventures of Deutsche Bahn, and Google, among others.

    Offices have been set up in Paris, Tunis, Lagos, Dubai, and Cape Town by an enterprise AI firm with headquarters in Tunis and London. The company uses advanced machine learning techniques to bring AI to apps that are used inside a business setting.

    According to a statement released by the company, InstaDeep’s 240-person team will continue to offer its artificial intelligence (AI) and machine learning services to other businesses, including Google and Nvidia. 

    It is anticipated that the deal between BioNTech and InstaDeep will be finalised within the first half of 2023, provided that the standard closing conditions are met and that regulatory approvals are obtained.