SOLVO Biotechnology has won 'Company of the Year 2006' Award

Budapest, November 21, 2006

The award is granted annually by the Hungarian Venture Capital Association as a sign of recognition for outstandingly performing Hungarian SMEs, with an open aim of propagating the venture business model. This year much more applications were submitted than in the previous years and many well-known and successful SMEs appeared among the candidates. Previous winners of the award include Graphisoft, Waberer and Recognita.

According to the evaluation, Solvo exemplifies how SMEs can become successful after a venture capital buyout. Founded in 1999, the company has been profitable for three years in a row, which is exceptional considering that small biotech companies usually need continuous capital re-injection.

Dr. Peter Krajcsi, CSO of Solvo Biotechnology (right) is proud to accept the award