The European Investment Fund (EIF) invests in Carduso Capital (undisclosed amount), a fund aimed to support the technology transfer in the Groningen area. With EIF, the total fund volume is now 31 million euro.
Carduso Capital (founded in 2015) is an initiative of the University of Groningen and academic hospital UMCG. The fund will focus on financing seed and early-stage companies in the life sciences (with a particular focus on healthy ageing), energy and sustainable society sectors.
Vice Chairman of the Executive Board of the University of Groningen Jan de Jeu: "The EIF joining Carduso strengthens the economic climate for entrepreneurs and startups in this region. Good ideas are not enough, just as money alone is not enough. Things will only run if you can combine the two."
EIF in NL
This year EIF also invested 19 million euro in Social Impact Ventures and recently started with its European Angels Fund in The Netherlands.