The chart below shows the foundation’s activities, supported by our staff of around 40. Lundbeckfonden is one of Denmark’s largest commercial foundations, worth over DKK 65 billion. We award research grants amounting to more than DKK 500 million each year. We have three large subsidiaries, Lundbeck, ALK and Falck, an international portfolio of 18 venture capital companies, organisationally anchored in Lundbeckfonden Ventures, and a portfolio of small biotech companies based on Danish university research in Lundbeckfonden Emerge. Our Investment Department manages assets of around DKK 16 billion.