Atlantic Bridge has launched University Bridge Fund II, an € 80 million fund dedicated to scaling and commercializing extensively proven research from Ireland’s third-level institutions to the next generation of deep tech companies that with global potential.
The fund is a partnership between Atlantic Bridge, Trinity College Dublin, University College Dublin and University College Cork designed to accelerate the commercialization of science around the world and around the world to measure generated companies.
In 2016, the first University Bridge Fund invested in more than 30 deep tech companies, including Neurent Medical, Siren.io, CroiValve, Manna and Ireland’s first computing company Equal1.
The University Bridge Fund is in the fourth quarter of the top five collaborative university funds in the world and part of a growing trend of successful university funds located in international research hubs including Cambridge, Oxford, Stanford at Harvard.
Investors in University Bridge Fund II include European Investment Fund, Enterprise Ireland and AIB, along with Trinity College Dublin, University College Dublin. It also welcomed new investor and university partner University College Cork.
Dr Helen McBreen, partner at Atlantic Bridge, said: “At Atlantic Bridge we are committed to building deep relationships and networks between our Universities and investment and corporate partners that create an important Fund of investing in the Irish ecosystem focused on the commercialization of our deep-tech innovations ”
“Enterprise Ireland is committed to developing and retaining many entrepreneurs, companies and jobs from the research community,” said Julie Sinnamon, CEO of Enterprise Ireland. “We are pleased to be an investment partner in University Bridge Fund II which will accelerate the recognition of the global research generated across Ireland’s third-level institutions and universities, and the scaling of the dynamic Irish start-up with high growth potential.Enterprise Ireland is investing € 20 million in the Fund from the € 175 million Seed and Venture Capital Scheme (2019-2024), which supports its primary strategic goal of commercializing projects in third-level research in Ireland on scalable global companies. ”
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