Austria’s universities conduct world-class research but produce too few startups, and a new fund now wants to get that value out of the lecture halls.
Noctua Science Ventures, the pre-seed fund for deep tech spin-offs from Austrian universities and research institutions, has completed its first closing at €15 million. Investors include Erste Group, Verbund X Ventures, the federal promotional bank Austria Wirtschaftsservice (aws) and the fund of funds Allocator One, along with several deep tech entrepreneurs. Further investors are to be admitted selectively in the coming months, with a target fund size of up to €25 million.
Source: Noctua Science Ventures: Pre-Seed Fund for Austrian University Spin-Offs Launches With €15 Million
