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Bioptimus

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Created on February 9, 2026

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Bioptimus - Case Study

Sacha Dessaint Axel Lievre Victor Garreau Joan Thomas

A highly restrictive environment

A very favorable environment

A paradoxical environment

Massive public support from politicians and institutions France 2030 FrenchTech Next 40/120 Determination to compete with American giants

Major regulatory constraints Considered “high risk” Highly constrained in legal, economic, and environmental terms Natural barrier to entry

Business model: cost allocation

Long R&D cycles $76 million raised in Seed and Series A funding rounds

60% Calculation

30% Talents

10% Data

Recruitment of scientific talent Rare and highly qualified profiles

GPU Cloud Infrastructures

Access to clinical and biological data

The societal challenge

Precision medicine

Mistrust of AI

Aging population Increasing complexity of diseases Rising demand Major strategic lever

Persistent mistrust of AI Black boxes Real need for clear results by biologists and clinicians

Multi-scale foundation models

Unique technology

Environmental impact

Distinction

Multi-scale strategy Differentiation with tools such as AlphaFold More fragmented competing solution

Biological foundation models H-optimus models Multi-level data integration Enables a systemic approach to living organism

Technological advancement with a significant environmental cost Model training Need to anticipate future European standards

Intense and multifaceted competition

Specialized actors

Insilico Medicine BenevolentAI Recursion Pharmaceuticals Iktos Brightseed

Tense competitive structure

High rivalry Very strong bargaining power of suppliers NVIDIA and Owkin Significant buyer power ROI requirements, regulatory compliance, and clinical evidence

Indirect pressure

Tech giants Google DeepMind IBM Watson Health

Addressable segment

A B2B market

Addressable market representing $12 to $15 billion Realistic penetration of 1 to 2% in 3 to 5 years Potential revenue generation between $120 and $300 million per year Viability of the model

Very high added value A market estimated at between $50 billion and $60 billion Annual growth exceeding 25%

A high-value niche market

The various internal components

Robust strategic foundation

A highly restrictive environment

Internal risk

Risk of strategic dispersion Identity as a cutting-edge research laboratory International commercial player Continuous gap analysis

Responses to VRIO criteria Accelerated drug discovery Exclusive access to Owkin data Hybrid AI/biology expertise Tailored organization

Alignment according to the McKinsey 7S model Strengthening of the platform project and its consistency

Marketing strategy

Key recruitment

Targets and strategy

Structuring of the product offering Scientific credibility Scaling of infrastructure and partnerships Conquest of the US market Partnership with Proscia Access to established hospital networks

Big Pharma R&D decision-makers Dr. Sophie Lebrun H-optimus-0 open source Accelerate adoptionBecome an industry standard Gradually monetize via H-optimus-1

10

Next steps

Economic model

Financing commercial expansion in the United States Securing more sovereign computing capabilities Specialized European and US institutional funds Creating specialized subsidiaries without diluting parent company capital Using carbon-free nuclear energy as a CSR argument

Licenses Research partnerships Royalties Break-even achieved upon signing at least five major contracts with Big Pharma

Financial model and outlook

11

Vision 2024–2028

Objective: transform Bioptimus from a DeepTech startup into a leading global biological platform. Three pillars: - Secure critical resources. - Verticalize by pathology. - Structure a scalable platform model.

Scarce data, elite team, public support, and long-term vision. Success depends on its ability to become an industry standard that is transparent, sovereign, and profitable.

Thank you for your attention !