Science.Fund will manage the fund with NCBiR’s support
Science.Fund Sp. z o.o., whose shareholder is Venture Inc S.A. signed a contract with the National Center for Research and Development (NCBiR). According to contract, the company will manage the fund specializing in modern technology in the medical industry (Medtech).
Private investors will provide the fund with an amount of PLN 5 million, which will be allocated to acquire shares in the company portfolio. On the other hand, NCBiR will allocate PLN 20 million to support and develop projects carried out by these companies.
The contract was concluded under Measure 1.3: The R&D work financed with the participation of capital funds Sub-measure 1.3.1 .: Support for research and development projects in the preseed phase by proof of concept funds – BRIdge Alpha of the Smart Growth Operational Programme 2014-2020.
The condition for the implementation of the Contract is the registration of Science.Fund Sp. z o.o. as an external investment company managing an alternative company and the registration of an alternative investment company by the Polish Financial Supervision Authority.
Venture Inc has a 15% interest in the capital Science.Fund Sp. z o.o.