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Biofund is an operating company of the Monte dei Paschi di Siena Foundation active in scientific and technological research. The Monte dei Paschi di Siena bank, the Siena Financial Development Trust and Fidi Toscana participated in its founding. Biofund operates as a “seed capital company” aimed at the financial support of companies in the first phase of settlement within the TLS Science Park. Biofund acts as a partner, acquiring shares of the start-ups that conduct research in the biomedical, pharmaceutical, and biotechnological industries. The headquarters of Biofund is located at the MPS Foundation.