Venture Fund
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Mila partners with Inovia Capital for Venture Scientist Fund
The fund, in development since October last year, will invest in early-stage AI technologies and physical infrastructure developers.
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Epidarex secures £50m from British Business Bank for new fund
Epidarex Capital focuses on early-stage life sciences spinouts from medical research institutions in the US and the UK.
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Apuri BioVenture launches to build spinouts
The Chinese firm will focus on building ventures around university research with seasoned operators rather than relying on faculty founders.
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Penn joins BioNTech and OUP to launch $50m PxB Fund
The Penn-BioNTech Innovative Therapeutics Seed Fund follows the announcement of Penn’s $10 million StartUP Fund last month.
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Kangwon National University receives state capital for new fund
Kangwon National University Technology Holding, the Korean institution’s commercialisation arm, will work with Trigger Investment Partners.
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PSV Hafnium closes €60m fund
The fund was launched in 2024 with an initial €55 million and a hard cap of €80 million, closing at the lower end of the scale.
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University of Manchester is quietly raising a pre-seed fund
The University of Manchester already has a stake in Northern Gritstone but is in the process of raising a separate pre-seed fund.
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Penn launches $10m StartUP Fund
The University of Pennsylvania has long resisted launching its own venture fund, but has now announced a $10 million investment fund for spinouts.
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IIT Bombay creates ₹2.5bn Y Point Venture Capital Fund
The Y Point Venture Capital Fund will primarily invest in early-stage, deeptech IIT Bombay spinouts, but also back startups from other institutions.
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U2V launches €60m fund targeting European spinouts
University2Ventures has been set up by the partners of Earlybird X, which launched in 2021 to similarly invest in university spinoffs.
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Fitz Gate closes Fund III anchored by Rice’s Office of Innovation
Rice University’s Office of Innovation is one of the anchor investors in Fitz Gate’s Fund III, which has brought the firm’s AuM to around $70 million.
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NZ Innovation Booster adds the University of Auckland to LPs
NZ Innovation Booster started at Wellington UniVentures, before partnering with Otago Innovation, and now Auckland UniServices.
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Tanarra Capital explores fund of funds for spinouts
Tanarra Capital currently manages the University of Melbourne’s Tin Alley Ventures and is keen to expand its focus on university startups.
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Fudan University launches two funds, worth a combined $242m
The Chinese university has set up a CN¥1 billion fund and a $100 million vehicle in order to significantly bolster its innovation ecosystem.
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TNO Ventures backs Keen’s Defense & Safety Fund
The commercialisation arm of Dutch applied research organisation TNO is making its fourteenth LP commitment.
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UTokyo IPC closes the ASA Fund, backs Red 1 Healthcare
UTokyo Innovation Platform has achieved a final close of its Academic Startup Acceleration Fund, and concurrently made an LP investment in the Red 1 Healthcare fund.
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Entertech VCIF launches to back Turkish startups
The fund has been created by Entertech Istanbul Technopark, which is owned by Istanbul University and Istanbul University-Cerrahpaşa.
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UNSW Canberra backs the ACTivate Capital Fund
The ACTivate Capital Fund was set up by the government of the Australian Capital Territory to invest in startups and spinouts in Canberra.
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Breakthrough Victoria backs the SYNthesis BioVentures Fund I
Created by Monash University’s Prof Andrew Wilks, the SYNthesis BioVentures Fund I works with Australian research institutes to scale their spinouts.
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Polytechnique Ventures secures €21m for second fund
The École Polytechnique-aligned fund has a final target of €30 million to €40 million, which would roughly double its assets under management.
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University of Dubai launches deep tech fund
The AED100 million Dubai Tech X Fund will invest in deep tech and AI spinouts in an effort to bolster the regional innovation ecosystem.
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IIMA Ventures launches the Aerospace & Defence Acceleration Fund
IIMA Ventures, the innovation arm of IIM Ahmedabad, has partnered with Jaivel Aerospace to create a fund that will back up to ten startups.
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Hong Kong University of Science and Technology launches new fund
The Gobi-Redbird Innovation Fund has secured the backing of the government-owned Hong Kong Investment Corporation.
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Mila explores the launch of a venture fund
The AI-focused research institute in Quebec has brought in corporate VC expertise to help develop the fund.
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Sugar Free Capital secures $32m to back MIT founders
The firm was launched by Sheena Jindal, an alumna of MIT who was previously a partner at Comcast Ventures for three years.
