IP Group plc (LSE: IPO) has launched a £30m Fund in partnership with the European Investment Fund.
IP Group commited £10m while EIF made a £20m contribution to the fund, which will invest in new spin-out companies from IP Group’s university partnerships and other collaborations.
The EIF investing alongside IP Group.
IP Venture Fund II will be managed by Top Technology Ventures Limited, the FCA authorized venture capital fund management subsidiary of IP Group.
FinSMEs
29/05/2013