Understanding the power of technology AMPS in organizational change
News Stories · Strategy

IMD Startup News: Gylcemicon going strong

The 2015 IMD startup winner Glycemicon raises CHF 3.25 million in Series A
March 2017

Glycemicon develops novel nutraceuticals for managing prediabetes, diabetes and obesity. It announced the first closing of its Series A round, raising CHF 3.25 million from private individuals. It also advised the recent appointment of three new members to the Board of Directors: Robert Schier, Danilo Casadei Massari and Erhard Lee.

Glycemicon CEO Nadja Mrosek worked with the IMD EMBA class, as Glycemicon was a winner in the 2015 IMD Startup Competition. This included collaborating with the EMBA class whole in Silicon Valley, to develop their venture capital pitch.

Created in 1999, the IMD Startup Competition provides a unique opportunity for startups to benefit from the help and insights from participants in the MBA and the Executive MBA programs at IMD.

Glycemicon will use the funds to conduct its first clinical trial in humans with prediabetes, and a second veterinary clinical trial in overweight cats. Its first nutraceutical product is based on the active compound THBA, a natural substance that modifies body fat tissue, making it more efficient in decreasing elevated blood sugar levels, a hallmark of type 2 diabetes. THBA is naturally occurring in humans and pets and is also found in small quantities in certain natural food products.

About Glycemicon

Around half a million people in Switzerland alone suffer from diabetes. The costs for treating the various manifestations of the disease amount to approximately five percent of the total health care costs in this country. And diabetes is on the rise. Glycemicon is seeking to stop this development in its tracks with a substance that restores the impaired capacity of the fat cells in a diabetic patient’s body to respond to insulin.

Glycemicon is ranked 20th in the 2016 TOP100 Swiss Startup list.

Find out more about the IMD startup competition.

Alumni Stories Change Management
Sense and sustainability
IMD Executive MBA student Denise Weger is a sustainability champion who believes that corporate climate responsibility is a strategic business imperative in today's business landscape.
Sense and sustainability
News Stories
Why digital, sustainability, and talent transformations must work together
Senior leaders often think of digital transformation, sustainability, and talent as three separate transformations. However, they should always be integrated with each other, argue Phil Chronican, National Australia Bank Chair and IMD alum, and IMD professors Karl Schmedders and Misiek Piskorski.
Why digital, sustainability, and talent transformations must work together
News Stories Human Resources
Zhike Lei joins IMD faculty
An award-winning organizational scholar and expert in psychological safety and error management, Lei’s work focuses on how teams can adapt in complex, time-pressured, and consequence-laden environments.
Zhike Lei joins IMD faculty