BIOFUND is composed of an organizational structure consisting of different governing bodies: the General Assembly, the Advisory Committee, the Board of Directors, and the Supervisory Board.

The General Assembly is formed by all BIOFUND members and is chaired by a board that includes its president, vice-president, and secretary. Among its main responsibilities are approving BIOFUND’s strategic plan, electing new BIOFUND members, as well as electing the members of the Board of Directors and the Audit Committee upon the proposal of the Advisory Committee, and deciding on the attribution of honorary and benefactor member status.

The Advisory Committee is composed of five members elected among themselves in a joint meeting of the founding members and outgoing members of the Board of Directors. This body is responsible for proposing to the General Assembly the list of members of the Board of Directors and the Audit Committee for approval, and for appointing the external auditor.

BIOFUND is governed by a Board of Directors composed of 7–11 members from various sectors such as Government, NGOs, Financial Management, Academia, Civil Society, and occasionally Donors. The Board of Directors is responsible for the administration and management of BIOFUND and its assets, approving the annual or multi-annual activity plans and respective budgets, setting the annual investment fund, approving projects and priority initiatives for fund allocation and respective assignments, and approving the annual financial report to be presented to the General Assembly, among other responsibilities.

For the day-to-day management of BIOFUND, the Board of Directors delegates powers to the Executive Director. The Executive Director oversees the Director of Administration and Finance, the Director of Programs, and the Director of Innovative Financing, each managing their respective teams.

Finally, the Supervisory Board, composed of 3–5 members, is responsible for verifying the legality of management actions and the regularity of BIOFUND’s administrative and financial activities, as well as producing an annual opinion on BIOFUND’s financial performance and its compliance with the established financial and administrative procedures.